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Investing.com - RBC Capital maintained its Sector Perform rating and $175.00 price target on Hershey (NYSE:HSY) following the company’s third-quarter 2025 results that exceeded market expectations. According to InvestingPro data, this price target is above the calculated Fair Value for Hershey, suggesting the stock may be slightly overvalued at current levels.
The confectionery giant reported organic sales and earnings per share that beat consensus estimates by 230 basis points and approximately 22%, respectively, according to RBC Capital. Non-seasonal consumption has shown strong momentum at the beginning of October. Hershey trades at a P/E ratio of 26.2 and has maintained dividend payments for an impressive 55 consecutive years, with 15 straight years of dividend increases according to InvestingPro data.
Despite raising its full-year revenue guidance, Hershey maintained its earnings per share outlook, suggesting lower growth expectations for the fourth quarter compared to initial projections.
RBC Capital noted that management reported weakness in Halloween sales this year, necessitating increased investments for the remainder of 2025. This seasonal weakness was likely viewed negatively by investors, as seasonal products have been an important growth driver for the company.
The investment firm maintained its $175 price target and Outperform rating on Hershey stock following the earnings report.
In other recent news, Hershey Co . reported its third-quarter earnings for 2025, exceeding analysts’ expectations. The company achieved an earnings per share (EPS) of $1.30, which was higher than the projected $1.06, representing a 22.64% surprise. Additionally, Hershey’s revenue for the quarter reached $3.18 billion, surpassing the anticipated $3.11 billion. Despite these positive financial results, Hershey’s stock experienced a decline. The company’s stock closed down by 2.76% and continued to fall in pre-market trading. These developments highlight Hershey’s strong financial performance in the recent quarter, yet the stock market reaction was not as favorable.
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