JPMorgan Chase & Co. Reiterates Overweight Rating for Hershey (HSY)
Hershey (NYSE:HSY)‘s stock had its “overweight” rating reaffirmed by JPMorgan Chase & Co. in a research note issued on Wednesday. They currently have a $99.00 price target on the stock, down from their previous price target of $100.00. JPMorgan Chase & Co.’s price target points to a potential upside of 4.58% from the company’s current price.
A number of other firms have also recently commented on HSY. Analysts at Morgan Stanley downgraded shares of Hershey from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $108.00 price target on the stock, up previously from $101.00. Separately, analysts at Credit Suisse downgraded shares of Hershey from an “outperform” rating to a “neutral” rating in a research note on Wednesday. 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Hershey presently has a consensus rating of “Hold” and an average price target of $93.18.
Shares of Hershey (NYSE:HSY) traded down 2.41% on Wednesday, hitting $92.38. The stock had a trading volume of 3,847,166 shares. Hershey has a 1-year low of $89.28 and a 1-year high of $108.69. The stock’s 50-day moving average is $97.23 and its 200-day moving average is $99.82. The company has a market cap of $20.573 billion and a price-to-earnings ratio of 25.86.
Hershey (NYSE:HSY) last released its earnings data on Thursday, April 24th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts predict that Hershey will post $4.10 earnings per share 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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