Hershey Co Receives a Buy from Credit Suisse

By Carrie Williams

Credit Suisse analyst Robert Moskow maintained a Buy rating on Hershey Co (NYSE: HSY) on July 26 and set a price target of $121. The company’s shares closed yesterday at $106.45.

According to TipRanks.com, Moskow is a 2-star analyst with an average return of 5.5% and a 60.0% success rate. Moskow covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Mondelez International, and Amplify Snack Brands.

Hershey Co has an analyst consensus of Hold, with a price target consensus of $113.

Hershey Co’s market cap is currently $22.06B and has a P/E ratio of 33.90. The company has a book value ratio of 26.5790.

Based on the recent corporate insider activity of 115 insiders, corporate insider sentiment is negative on the stock. Last month, Michael Wege, the SVP, CAO of HSY sold 14,440 shares for a total of $1,668,542.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The Hershey Co. engages in the manufacture and market of chocolate and sugar confectionery products. It operates through the North America; and International and Other geographical segments. The North America segment distributes and sells traditional chocolates, non-chocolate confectionery, and snacks in Canada and the United States.