TD Cowen Has Lowered Expectations for Hershey (NYSE:HSY) Stock Price

Hershey (NYSE:HSY) had its target price lowered by analysts at TD Cowen from $190.00 to $172.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen’s price target would suggest a potential upside of 6.49% from the company’s previous close.

HSY has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft increased their price objective on Hershey from $191.00 to $199.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Wells Fargo & Company decreased their price objective on Hershey from $160.00 to $150.00 and set an “underweight” rating for the company in a research report on Tuesday. Mizuho dropped their target price on Hershey from $195.00 to $170.00 and set a “neutral” rating on the stock in a report on Monday, December 23rd. Stifel Nicolaus decreased their price target on shares of Hershey from $195.00 to $180.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, Sanford C. Bernstein downgraded shares of Hershey from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $230.00 to $205.00 in a research report on Monday, October 7th. Six equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. Based on data from MarketBeat.com, Hershey presently has an average rating of “Hold” and a consensus price target of $182.21.

Hershey Price Performance

Shares of HSY traded down $4.00 during mid-day trading on Wednesday, hitting $161.52. The company’s stock had a trading volume of 1,215,173 shares, compared to its average volume of 1,110,934. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.54. The firm has a 50-day moving average price of $175.13 and a 200 day moving average price of $185.94. Hershey has a fifty-two week low of $159.87 and a fifty-two week high of $211.92. The stock has a market capitalization of $32.68 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 4.38 and a beta of 0.38.

Institutional Trading of Hershey

Several hedge funds have recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Hershey in the 3rd quarter valued at $25,000. GHP Investment Advisors Inc. grew its holdings in shares of Hershey by 55.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the period. Peterson Financial Group Inc. bought a new stake in shares of Hershey in the 3rd quarter valued at $46,000. Future Financial Wealth Managment LLC acquired a new stake in Hershey during the 3rd quarter worth $48,000. Finally, Quarry LP lifted its holdings in Hershey by 123.9% during the second quarter. Quarry LP now owns 300 shares of the company’s stock worth $55,000 after acquiring an additional 166 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Hershey Company Profile

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.