Hershey Given Consensus Recommendation of “Hold” by Analysts (NYSE:HSY)
Shares of Hershey (NYSE:HSY) have been given a consensus recommendation of “Hold” by the thirteen ratings firms that are presently covering the company, Analyst Ratings Net reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $93.92.
Several analysts have recently commented on the stock. Analysts at Credit Suisse downgraded shares of Hershey from an “outperform” rating to a “neutral” rating in a research note on Wednesday. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Hershey from $105.00 to $100.00 in a research note on Tuesday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Hershey in a research note on Thursday, June 12th. They now have a $102.00 price target on the stock.
Shares of Hershey (NYSE:HSY) traded down 3.36% during mid-day trading on Wednesday, hitting $91.48. 1,362,955 shares of the company’s stock traded hands. Hershey has a 52 week low of $89.28 and a 52 week high of $108.69. The stock has a 50-day moving average of $97.23 and a 200-day moving average of $99.82. The company has a market cap of $20.373 billion and a P/E ratio of 25.86.
Hershey (NYSE:HSY) last announced its earnings results on Thursday, April 24th. The company reported $1.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.14 by $0.01. The company had revenue of $1.87 million for the quarter, compared to the consensus estimate of $1.91 million. During the same quarter in the prior year, the company posted $1.09 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts expect that Hershey will post $4.10 EPS for the current fiscal year.
The Hershey Company is a producer of chocolate in North America and a provider in chocolate and sugar confectionery.
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