Hershey Company (The) (NYSE:HSY) : 2 brokerage houses believe that Hershey Company (The) (NYSE:HSY) is a Strong Buy at current levels. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Hershey Company (The) (NYSE:HSY). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 11 Wall Street Analysts endorse the stock as a Hold with a rating of 2.73.
Hershey Company (The) (NYSE:HSY) : Average target price received by Hershey Company (The) (NYSE:HSY) is $89.67 with an expected standard deviation of $1.86. The most aggressive target on the stock is $92, whereas the most downbeat target is $87. 6 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Also, Bank of America downgrades its view on Hershey Company (The) (NYSE:HSY) according to the research report released by the firm to its investors. The shares have now been rated Underperform by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on April 20, 2016.
Hershey Company (The) (NYSE:HSY): On Tuesdays trading session , Opening price of the stock was $97.29 with an intraday high of $97.29. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $95.46. However, the stock managed to close at $96.23, a loss of 1.01% for the day. On the previous day, the stock had closed at $97.21. The total traded volume of the day was 1,456,130 shares.
In an insider trading activity,The officer (SVP, GS, India, ME, Comm & CSR) of Hershey Co, Wege D Michael sold 1,100 shares at $96.54 on June 15, 2016. The Insider selling transaction had a total value worth of $106,194. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
The Hershey Company (Hershey) is a provider of chocolate and sugar confectionery. The Companys principal confectionery offerings include chocolate and sugar confectionery products; pantry items, such as baking ingredients, toppings and beverages; snack items, such as spreads, and gum and mint refreshment products. The Company operates through two segments: North America and International and Other. The North America segment is responsible for its chocolate and sugar confectionery business in the United States and Canada. The International and Other segment includes all other countries where the Company manufactures, imports, markets, sells or distributes chocolate, sugar confectionery and other products. This includes operations in Asia, Latin America, Europe, Africa and the Middle East, along with exports to these regions. This segment also includes its global retail operations, including Hersheys Chocolate World stores.