The price-to-earnings ratio for Hershey Company (NYSE: HSY) is above average at 19.63x, Company’s 36-month beta value is 0.36.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 12 as “hold,” and 2 as “sell.”
The public float for HSY is 148.84M, and currently, short sellers hold a 2.68% ratio of that floaft. The average trading volume of HSY on May 08, 2024 was 2.13M shares.
HSY) stock’s latest price update
The stock price of Hershey Company (NYSE: HSY) has jumped by 0.85 compared to previous close of 196.49. Despite this, the company has seen a gain of 2.19% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-07 that Hershey (HSY) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
HSY’s Market Performance
Hershey Company (HSY) has experienced a 2.19% rise in stock performance for the past week, with a 2.04% rise in the past month, and a 1.74% rise in the past quarter. The volatility ratio for the week is 2.25%, and the volatility levels for the past 30 days are at 1.95% for HSY.. The simple moving average for the past 20 days is 4.70% for HSY’s stock, with a 0.05% simple moving average for the past 200 days.
Analysts’ Opinion of HSY
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see HSY reach a price target of $208. The rating they have provided for HSY stocks is “Neutral” according to the report published on March 26th, 2024.
Morgan Stanley gave a rating of “Underweight” to HSY, setting the target price at $183 in the report published on February 12th of the current year.
HSY Trading at 3.23% from the 50-Day Moving Average
After a stumble in the market that brought HSY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.17% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 2.25%, as shares surge +1.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.06% upper at present.
During the last 5 trading sessions, HSY rose by +2.19%, which changed the moving average for the period of 200-days by -19.66% in comparison to the 20-day moving average, which settled at $189.45. In addition, Hershey Company saw 6.29% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HSY starting from Voskuil Steven E, who sale 1,500 shares at the price of $185.83 back on Apr 23 ’24. After this action, Voskuil Steven E now owns 38,728 shares of Hershey Company, valued at $278,745 using the latest closing price.
Voskuil Steven E, the SVP, Chief Financial Officer of Hershey Company, sale 1,500 shares at $197.90 during a trade that took place back on Mar 25 ’24, which means that Voskuil Steven E is holding 40,228 shares at $296,850 based on the most recent closing price.
Stock Fundamentals for HSY
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.45 for the gross margin
The net margin for Hershey Company stands at 0.18. The total capital return value is set at 0.3. Equity return is now at value 54.77, with 17.63 for asset returns.
Based on Hershey Company (HSY), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 1.3. The interest coverage ratio of the stock is 17.47.
Currently, EBITDA for the company is 3.12 billion with net debt to EBITDA at 1.83. When we switch over and look at the enterprise to sales, we see a ratio of 3.99. The receivables turnover for the company is 9.48for trailing twelve months and the total asset turnover is 0.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.97.
Conclusion
In a nutshell, Hershey Company (HSY) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
