Hershey Company [HSY] stock prices are up 2.81% to $192.83 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HSY shares have gain 3.56% over the last week, with a monthly amount drifted -1.81%, and not seem to be holding up well over a long-time horizon.
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On 27, February 2024, ‘Reese’s Peanut Butter Mini Eggs Unwrapped’ Puts A Mini Twist on a Beloved Easter Favorite. In a post published today on Yahoo Finance, Hershey is introducing Reese’s Peanut Butter Mini Eggs Unwrapped, a poppable sensation that adds a touch of innovation to the cherished traditions of the Easter season.
From an analyst’s perspective:
Hershey Company [NYSE: HSY] stock has seen the most recent analyst activity on February 12, 2024, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $183 from $191. Previously, Citigroup started tracking the stock with Neutral rating on February 01, 2024, and set its price target to $213. On January 29, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $235 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $200 on December 15, 2023. DA Davidson initiated its recommendation with a Neutral and recommended $205 as its price target on December 08, 2023. Piper Sandler downgraded its rating to Neutral for this stock on November 29, 2023, and downed its price target to $200. In a note dated November 21, 2023, RBC Capital Mkts downgraded an Sector Perform rating on this stock and revised its target price from $239 to $213.
The stock price of Hershey Company [HSY] has been fluctuating between $178.82 and $276.88 over the past year. Currently, Wall Street analysts expect the stock to reach $228.62 within the next 12 months. Hershey Company [NYSE: HSY] shares were valued at $192.83 at the most recent close of the market. An investor can expect a potential return of 18.56% based on the average HSY price forecast.
Analyzing the HSY fundamentals
The Hershey Company [NYSE:HSY] reported sales of 11.16B for trailing twelve months, representing a surge of 0.18%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.49 and Total Capital is 0.29. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.17.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 190.31 points at the first support level, and at 187.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 196.10, and for the 2nd resistance point, it is at 199.36.
Hershey Company [HSY] reported earnings per share of $2.02 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.95/share, meaning a difference of $0.07 and a surprise factor of 3.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.6 per share as compared to estimates of $2.45 per share, a difference of $0.15 representing a surprise of 6.10%.
Ratios To Look Out For
It’s worth pointing out that Hershey Company [NYSE:HSY]’s Current Ratio is 0.97. In addition, the Quick Ratio stands at 0.52 and the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 3.52, the price to book ratio is 9.62 and price to earnings (TTM) ratio is 21.29.
Transactions by insiders
Recent insider trading involved Grover Rohit, President, International, that happened on Mar 04 ’24 when 4200.0 shares were sold. SVP, Chief Financial Officer, Voskuil Steven E completed a deal on Feb 23 ’24 to sell 1500.0 shares. Meanwhile, VP, Chief Accounting Officer McCalman Jennifer sold 453.0 shares on Feb 02 ’24.
