Hershey Company (The) (HSY) : Analyst Rating Update

Hershey Company (The) (HSY) : The consensus on Hershey Company (The) (HSY) based on 11 analyst recommendation on the company stock is 2.91, 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. 9 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 $1.86 from the average target price of $89.67 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $92 and the most muted being $87.

Hershey Company (The) (NYSE:HSY): The stock opened at $110.94 on Wednesday but the bulls could not build on the opening and the stock topped out at $111.68 for the day. The stock traded down to $108.70 during the day, due to lack of any buying support eventually closed down at $109.29 with a loss of -1.14% for the day. The stock had closed at $110.55 on the previous day. The total traded volume was 4,177,271 shares.

Also, Equity Analysts at the Bank of America downgrades the rating on Hershey Company (The) (NYSE:HSY). The brokerage firm has issued a Underperform rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on April 20, 2016. The company shares have rallied 22.33% from its 1 Year high price. On Jun 30, 2016, the shares registered one year high at $117.79 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $95.90 and the 200 Day Moving Average price is recorded at $91.65.

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.

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