Hershey Company (The) (HSY) : The consensus on Hershey Company (The) (HSY) based on 10 analyst recommendation on the company stock is 2.9, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Hershey Company (The) (HSY).
Hershey Company (The) (HSY) stock is expected to deviate a maximum of $8.22 from the average target price of $104 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $110 and the most muted being $90.
Company shares have received an average consensus rating of Hold for the current week Hershey Company (The) (NYSE:HSY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $112.00 and $111.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $112.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $112.04, notching a gain of 0.25% for the day. The total traded volume was 1,281,558 . The stock had closed at $111.76 on the previous day.
In a related news, Wege D Michael, officer (SVP, GS, India, ME, Comm & CSR) of Hershey Co, unloaded 1,100 shares at an average price of $108.43 on July 15, 2016. The total amount of the transaction was worth $119,273, according to the disclosed information 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.