Hershey Company [HSY] stock prices are up 0.68% to $198.69 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The HSY shares have gain 3.96% over the last week, with a monthly amount glided 1.36%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Hershey Company [NYSE: HSY] stock has seen the most recent analyst activity on August 27, 2024, when Citigroup downgraded its rating to a Sell and also revised its price target to $182 from $195. Previously, Argus downgraded its rating to Hold on August 14, 2024. On August 12, 2024, Goldman initiated with a Sell rating and assigned a price target of $185 on the stock. Citigroup reiterated its Neutral rating and decreased its price target to $188 on July 17, 2024. Edward Jones downgraded its rating to a Hold. Exane BNP Paribas downgraded its rating to Neutral for this stock on March 26, 2024, but kept the price target unchanged to $208. In a note dated February 12, 2024, Morgan Stanley downgraded an Underweight rating on this stock and revised its target price from $191 to $183.
The stock price of Hershey Company [HSY] has been fluctuating between $178.82 and $214.66 over the past year. Currently, Wall Street analysts expect the stock to reach $221.58 within the next 12 months. Hershey Company [NYSE: HSY] shares were valued at $198.69 at the most recent close of the market. An investor can expect a potential return of 11.52% based on the average HSY price forecast.
Analyzing the HSY fundamentals
The Hershey Company [NYSE:HSY] reported sales of 11.01B for trailing twelve months, representing a drop of -16.70%. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.46 and Total Capital is 0.29. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.43.
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 197.23 points at the first support level, and at 195.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 199.92, and for the 2nd resistance point, it is at 201.14.
Ratios To Look Out For
It’s worth pointing out that Hershey Company [NYSE:HSY]’s Current Ratio is 0.86. On the other hand, the Quick Ratio is 0.48, and the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 3.65, the price to book ratio is 10.02 and price to earnings (TTM) ratio is 22.06.
Transactions by insiders
Recent insider trading involved Buck Michele, Officer, that happened on Sep 04 ’24 when 4765.0 shares were purchased. SVP, CHR & Transf. Officer, Scalia Christopher M completed a deal on Aug 26 ’24 to sell 5000.0 shares. Meanwhile, Officer Scalia Christopher M bought 5000.0 shares on Aug 26 ’24.
