Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Hershey Co (HSY) and Turning Point Brands (TPB).
Hershey Co (HSY)
Barclays analyst Andrew Lazar maintained a Hold rating on Hershey Co on November 6 and set a price target of $161.00. The company’s shares closed last Friday at $149.40.
According to TipRanks.com, Lazar is a 4-star analyst with an average return of 6.8% and a 62.5% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and McCormick & Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hershey Co with a $158.75 average price target, representing a 6.6% upside. In a report issued on October 26, Deutsche Bank also maintained a Hold rating on the stock with a $152.00 price target.
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Turning Point Brands (TPB)
Barclays analyst Gaurav Jain maintained a Buy rating on Turning Point Brands on November 6 and set a price target of $45.00. The company’s shares closed last Friday at $38.40, close to its 52-week high of $39.42.
Jain has an average return of 26.5% when recommending Turning Point Brands.
According to TipRanks.com, Jain is ranked #4828 out of 7048 analysts.
Turning Point Brands has an analyst consensus of Strong Buy, with a price target consensus of $46.40, a 22.1% upside from current levels. In a report issued on October 27, Cowen & Co. also maintained a Buy rating on the stock with a $45.00 price target.
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