Wall Street predicts Hershey Company (HSY) stock to surge by 11.2%

Hershey Company [HSY] stock is trading at $193.41, up 0.83%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HSY shares have gain 1.26% over the last week, with a monthly amount drifted -1.99%, and not 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 September 26, 2024, when Jefferies downgraded its rating to a Underperform and also revised its price target to $163 from $184. Previously, Citigroup downgraded its rating to Sell on August 27, 2024, and dropped its price target to $182. On August 14, 2024, downgrade downgraded it’s rating to Hold. Goldman started tracking the stock assigning a Sell rating and suggested a price target of $185 on August 12, 2024. Citigroup reiterated its recommendation of a Neutral and reduced its price target to $188 on July 17, 2024. Edward Jones downgraded its rating to Hold for this stock on April 19, 2024. In a note dated March 26, 2024, Exane BNP Paribas downgraded an Neutral rating on this stock but restated the target price of $208.

Hershey Company [HSY] stock has fluctuated between $178.82 and $211.92 over the past year. Currently, Wall Street analysts expect the stock to reach $215.07 within the next 12 months. Hershey Company [NYSE: HSY] shares were valued at $193.41 at the most recent close of the market. An investor can expect a potential return of 11.2% based on the average HSY price forecast.

Analyzing the HSY fundamentals

Hershey Company [NYSE:HSY] reported sales of 11.01B for the trailing twelve months, which represents 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.43.

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 190.75 points at the first support level, and at 188.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 195.54, and for the 2nd resistance point, it is at 197.67.

Ratios To Look Out For

For context, Hershey Company’s Current Ratio is 0.86. Further, the Quick Ratio stands at 0.48, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 3.55, the price to book ratio is 9.76 and price to earnings (TTM) ratio is 21.47.

Transactions by insiders

Recent insider trading involved Voskuil Steven E, SVP, Chief Financial Officer, that happened on Sep 19 ’24 when 1000.0 shares were sold. Officer, Voskuil Steven E completed a deal on Sep 19 ’24 to buy 1000.0 shares. Meanwhile, Chairman, President and CEO Buck Michele sold 27203.0 shares on Sep 06 ’24.

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