Hershey Receives Consensus Recommendation of “Hold” from Analysts (NYSE:HSY)
Hershey (NYSE:HSY) has received an average rating of “Hold” from the twelve ratings firms that are presently covering the stock, American Banking News reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $92.45.
Shares of Hershey (NYSE:HSY) traded down 0.16% on Wednesday, hitting $91.56. 94,212 shares of the company’s stock traded hands. Hershey has a 52-week low of $87.88 and a 52-week high of $108.69. The stock has a 50-day moving average of $91.49 and a 200-day moving average of $97.91. The company has a market cap of $20.311 billion and a price-to-earnings ratio of 24.79.
Hershey (NYSE:HSY) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts predict that Hershey will post $4.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Monday, August 25th will be given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Thursday, August 21st. This is an increase from Hershey’s previous quarterly dividend of $0.49.
A number of analysts have recently weighed in on HSY shares. Analysts at Zacks reiterated a “neutral” rating on shares of Hershey in a research note on Tuesday. They now have a $96.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Hershey in a research note on Friday, July 25th. They now have a $97.00 price target on the stock, down previously from $99.00. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Hershey in a research note on Friday, July 25th. They now have a $99.00 price target on the stock, down previously from $101.00.
The Hershey Company is a producer of chocolate in North America and a provider in chocolate and sugar confectionery.
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