Hershey Company (HSY) stock hits $182.20: Is it a good time to buy or wait for a dip?

Hershey Company [HSY] stock prices are up 0.12% to $182.20 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The HSY shares have lost -0.92% over the last week, with a monthly amount drifted -4.61%, 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 October 22, 2024, when Redburn Atlantic initiated its Sell rating and assigned the stock a price target of $165. Previously, UBS downgraded its rating to Neutral on October 07, 2024, and dropped its price target to $209. On October 07, 2024, downgrade downgraded it’s rating to Mkt Perform and revised its price target to $205 on the stock. Jefferies downgraded its rating to a Underperform and decreased its price target to $163 on September 26, 2024. Citigroup downgraded its rating to a Sell and reduced its price target to $182 on August 27, 2024. Argus downgraded its rating to Hold for this stock on August 14, 2024. In a note dated August 12, 2024, Goldman initiated an Sell rating and provided a target price of $185 on this stock.

The stock price of Hershey Company [HSY] has been fluctuating between $178.82 and $211.92 over the past year. Currently, Wall Street analysts expect the stock to reach $208.95 within the next 12 months. Hershey Company [NYSE: HSY] shares were valued at $182.20 at the most recent close of the market. An investor can expect a potential return of 14.68% 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. 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 181.34 points at the first support level, and at 180.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 183.16, and for the 2nd resistance point, it is at 184.12.

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 3.35, the price to book ratio is 9.19 and price to earnings (TTM) ratio is 20.23.

Transactions by insiders

Recent insider trading involved Voskuil Steven E, SVP, Chief Financial Officer, that happened on Oct 21 ’24 when 1000.0 shares were sold. Officer, Voskuil Steven E completed a deal on Oct 21 ’24 to buy 1000.0 shares. Meanwhile, SVP, Chief Financial Officer Voskuil Steven E sold 1000.0 shares on Sep 19 ’24.

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