NEW YORK (
shares hit 52-week highs on Wednesday.
The media and entertainment company reported Tuesday second-quarter revenue of $9.63 billion, which
Shares of Disney hit a 52-week high Wednesday of $45.80. The stock's 52-week low of $28.19 was set on Oct. 4.
Disney's stock trades at an estimated price-to-earnings ratio for next year of 13.2 times; the average for media and entertainment companies is 42.13X. For comparison,
has a forward P/E of 13.26X.
Twenty of the 34 analysts who cover Disney rate it at buy; 14 analysts rate it at hold.
The stock has risen 20.53% year to date.
The chocolate company's stock was upgraded to buy from hold by Argus Research.
Shares of Hershey hit a 52-week high Wednesday of $68.19. The stock's 52-week low of $53.77 was set on May 26.
Hershey shares traded at a forward P/E of 19.29X; the average for food product companies is 17.21X. For comparison,
has a higher forward P/E of 20.96X.
Nine of the 17 analysts who cover Hershey rate it at hold; eight analysts give the stock a buy rating.
The stock has risen 10.02% year to date.
Written by Alexandra Zendrian in New York
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