Hershey Company [NYSE: HSY] stock went on a downward path that fall over -0.87% on Thursday, amounting to a one-week price decrease of less than -5.94%.
Over the last 12 months, HSY stock dropped by -27.99%. The one-year Hershey Company stock forecast points to a potential upside of 10.63. The average equity rating for HSY stock is currently 2.74, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $37.53 billion, with 149.78 million shares outstanding and 147.13 million shares in the current float. Compared to the average trading volume of 1.90M shares, HSY stock reached a trading volume of 1080673 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Hershey Company [HSY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HSY shares is $207.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HSY stock is a recommendation set at 2.74. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Edward Jones have made an estimate for Hershey Company shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 19, 2024. The new note on the price target was released on March 26, 2024, representing the official price target for Hershey Company stock. Previously, the target price had yet another drop from $191 to $183, while Morgan Stanley kept a Underweight rating on HSY stock.
The Average True Range (ATR) for Hershey Company is set at 4.05, with the Price to Sales ratio for HSY stock in the period of the last 12 months amounting to 3.28. The Price to Book ratio for the last quarter was 9.14, with the Price to Cash per share for the same quarter was set at 2.57. Price to Free Cash Flow for HSY in the course of the last twelve months was 28.25 with Quick ratio for the last quarter at 0.64.
HSY Stock Performance Analysis:
Hershey Company [HSY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.94. With this latest performance, HSY shares dropped by -11.15% in over the last four-week period, additionally plugging by 0.49% over the last 6 months – not to mention a drop of -27.99% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HSY stock in for the last two-week period is set at 32.58, with the RSI for the last a single of trading hit 24.89, and the three-weeks RSI is set at 37.79 for Hershey Company [HSY]. The present Moving Average for the last 50 days of trading for this stock 195.10, while it was recorded at 190.12 for the last single week of trading, and 194.38 for the last 200 days.
Insight into Hershey Company Fundamentals:
Hershey Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.64 and a Current Ratio set at 0.97.
HSY Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HSY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hershey Company go to 1.98%.
Hershey Company [HSY] Institutonal Ownership Details
The top three institutional holders of HSY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in HSY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in HSY stock with ownership which is approximately 5.8386%.
