Evercore ISI analyst David Palmer maintained a Buy rating on Hershey Co (NYSE:HSY) on Friday, setting a price target of $180, which is approximately 9.56% above the present share price of $164.3.
Palmer expects Hershey Co to post earnings per share (EPS) of $1.44 for the second quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Hershey Co, with an average price target of $171.27.
The analysts price targets range from a high of $181 to a low of $153.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $2.19 billion and a net profit of $424.09 million. The company's market cap is $34 billion.
According to TipRanks.com, Evercore ISI analyst David Palmer is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 10.0% and a 68.75% success rate.
Pennsylvania-based The Hershey Co. is one of the largest chocolate manufacturers in the world. The company manufactures and markets chocolate and sugar confectionery products such as cookies, cakes, milkshakes, drinks, and many more that are produced globally. Its brands include Hershey's, Reese's, and Kisses. The company operates through two geographical segments: North America and International and Other.