Hershey Company (The) (NYSE: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.
Shares of The Hershey Company rose by 16.86% in the last five trading days and 22.03% for the last 4 weeks. The Hershey Company is up 21.89% in the last 3-month period. Year-to-Date the stock performance stands at 28.78%. 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) : Zacks Investment Research ranks Hershey Company (The) (NYSE:HSY) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.73, which indicates as a Hold.
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 $97.55 and $97.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $117.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $113.49, notching a gain of 16.83% for the day. The total traded volume was 19,899,432 . The stock had closed at $97.14 on the previous day.
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.