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Home โบ Stocks โบ Hormel Foods Corporation (HRL) Stock Forecast & Price Prediction United States | NYSE | Consumer Defensive | Packaged Foods
$30.16
+0.10 (0.33%)Did HRL Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Hormel Foods is one of their latest high-conviction picks.
Based on our analysis of 14 Wall Street analysts, HRL has a neutral consensus with a median price target of $31.60 (ranging from $30.00 to $36.00). The overall analyst rating is Buy (6.5/10). Currently trading at $30.16, the median forecast implies a 4.8% upside. This outlook is supported by 2 Buy, 10 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Benjamin Theurer at Barclays, projecting a 19.4% upside. Conversely, the most conservative target is provided by Akshay Jagdale at Jefferies, suggesting a 0.5% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for HRL.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
May 22, 2025 | Stephens & Co. | Pooran Sharma | Equal-Weight | Reiterates | $31.00 |
Apr 15, 2025 | B of A Securities | Neutral | Upgrade | $35.00 | |
Feb 18, 2025 | Stephens & Co. | Pooran Sharma | Equal-Weight | Reiterates | $31.00 |
Jan 22, 2025 | Barclays | Benjamin Theurer | Overweight | Upgrade | $36.00 |
Jan 21, 2025 | Barclays | Benjamin Theurer | Equal-Weight | Maintains | $36.00 |
Nov 19, 2024 | Citigroup | Thomas Palmer | Buy | Maintains | $35.00 |
Oct 3, 2024 | Stephens & Co. | Pooran Sharma | Equal-Weight | Reinstates | $31.00 |
Aug 13, 2024 | Citigroup | Thomas Palmer | Buy | Upgrade | $37.00 |
May 31, 2024 | JP Morgan | Thomas Palmer | Neutral | Upgrade | $29.00 |
May 31, 2024 | Citigroup | Thomas Palmer | Neutral | Maintains | $33.00 |
May 31, 2024 | Stephens & Co. | Ben Bienvenu | Equal-Weight | Reiterates | $32.00 |
Mar 1, 2024 | Barclays | Benjamin Theurer | Equal-Weight | Maintains | $35.00 |
Mar 1, 2024 | Goldman Sachs | Adam Samuelson | Sell | Maintains | $28.00 |
Mar 1, 2024 | JP Morgan | Thomas Palmer | Underweight | Maintains | $28.00 |
Feb 1, 2024 | Citigroup | Thomas Palmer | Neutral | Initiates | $31.00 |
Jan 12, 2024 | Piper Sandler | Michael Lavery | Neutral | Maintains | $33.00 |
Nov 30, 2023 | Goldman Sachs | Adam Samuelson | Sell | Maintains | $26.00 |
Oct 16, 2023 | JP Morgan | Thomas Palmer | Underweight | Maintains | $31.00 |
Oct 13, 2023 | Piper Sandler | Michael Lavery | Neutral | Maintains | $35.00 |
Oct 13, 2023 | Goldman Sachs | Adam Samuelson | Sell | Maintains | $29.00 |
The following stocks are similar to Hormel Foods based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Hormel Foods Corporation has a market capitalization of $16.53B with a P/E ratio of 22.1x. The company generates $11.92B in trailing twelve-month revenue with a 6.3% profit margin.
Revenue growth is +0.4% quarter-over-quarter, while maintaining an operating margin of +8.6% and return on equity of +9.4%.
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Produces and markets diverse meat and food products.
Hormel Foods generates revenue through the production and sale of various food products, primarily focusing on meat and related items. Its business model includes catering to both consumer and commercial markets, with a strong emphasis on brand recognition through products like SPAM and Jennie-O. The company also leverages strategic acquisitions and partnerships to enhance its market presence and adapt to evolving consumer preferences.
Founded in 1891 and based in Austin, Minnesota, Hormel Foods has a significant international footprint, serving over 80 countries. The company prioritizes sustainability and innovation, expanding its offerings to include plant-based and protein-centric products, which positions it well in response to market trends.
Consumer Defensive
Packaged Foods
20,000
Mr. James P. Snee
United States
1990
Zacks spotlights TSN, HRL and PPC as meat producers navigating protein demand, plant-based trends and cost pressures.
Our time-tested methodologies were at work to help investors navigate the market well last week. Here are some of our key performance data from the past three months.
A super-regional bank, a financial services company, and a consumer staple are currently priced 10% to 30% below fair value estimates, presenting potential investment opportunities.
The mention of undervalued stocks in banking, financial services, and consumer staples suggests potential buying opportunities for investors looking to capitalize on price discrepancies.
Dividend investing increases annual income as each stock purchased adds to the overall dividend earnings within an investor's portfolio.
Increased dividend income can enhance portfolio returns, signaling strong company performance and financial health, making dividend stocks attractive for income-focused investors.
Zacks highlights Tyson Foods (TSN), Hormel Foods (HRL), and Pilgrimโs Pride (PPC) as meat producers adapting to protein demand, plant-based trends, and cost pressures.
Zacks highlighting TSN, HRL, and PPC signals their resilience in adapting to market trends, impacting investor confidence and potential stock performance amid evolving consumer preferences.
Strong demand for protein and plant-based products is benefiting TSN, HRL, and PPC, even amid increasing production costs.
Rising protein demand and plant-based trends boost TSN, HRL, and PPC stocks, indicating potential growth despite cost pressures, which may enhance investor confidence and portfolio performance.
Six Dividend Kings are fairly valued, with Altria, Northwest Natural, and Canadian Utilities meeting ideal pricing and dividend safety. Analysts project up to 58% total returns by June 2026.
Overpriced Dividend Kings highlight investment risks, while fair-value opportunities like Altria and others promise strong returns and reduced volatility, appealing for income-focused strategies.
Hormel Foods' Q2 report shows declining sales volumes despite price increases, with rising commodity costs impacting margins.
Declining sales volumes despite price increases signal weakened demand, while rising costs pressure margins, potentially impacting profitability and stock performance for Hormel Foods.
Based on our analysis of 14 Wall Street analysts, Hormel Foods Corporation (HRL) has a median price target of $31.60. The highest price target is $36.00 and the lowest is $30.00.
According to current analyst ratings, HRL has 2 Buy ratings, 10 Hold ratings, and 0 Sell ratings. The stock is currently trading at $30.16. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict HRL stock could reach $31.60 in the next 12 months. This represents a 4.8% increase from the current price of $30.16. Please note that this is a projection by Wall Street analysts and not a guarantee.
Hormel Foods generates revenue through the production and sale of various food products, primarily focusing on meat and related items. Its business model includes catering to both consumer and commercial markets, with a strong emphasis on brand recognition through products like SPAM and Jennie-O. The company also leverages strategic acquisitions and partnerships to enhance its market presence and adapt to evolving consumer preferences.
The highest price target for HRL is $36.00 from Benjamin Theurer at Barclays, which represents a 19.4% increase from the current price of $30.16.
The lowest price target for HRL is $30.00 from Akshay Jagdale at Jefferies, which represents a -0.5% decrease from the current price of $30.16.
The overall analyst consensus for HRL is neutral. Out of 14 Wall Street analysts, 2 rate it as Buy, 10 as Hold, and 0 as Sell, with a median price target of $31.60.
Stock price projections, including those for Hormel Foods Corporation, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.