Hormel Foods Corporation [NYSE: HRL] stock went on a downward path that fall over -0.36% on Friday, amounting to a one-week price decrease of less than -2.77%. Over the last 12 months, HRL stock rose by 11.78%. The one-year Hormel Foods Corporation stock forecast points to a potential downside of -7.44. The average equity rating for HRL stock is currently 3.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $25.24 billion, with 538.12 million shares outstanding and 280.97 million shares in the current float. Compared to the average trading volume of 3.13M shares, HRL stock reached a trading volume of 1698915 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Hormel Foods Corporation [HRL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HRL shares is $43.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HRL stock is a recommendation set at 3.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for Hormel Foods Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 29, 2020. While these analysts kept the previous recommendation, Goldman raised their target price from $35 to $45. The new note on the price target was released on March 26, 2020, representing the official price target for Hormel Foods Corporation stock. Previously, the target price had yet another raise to $40, while BofA/Merrill analysts kept a Underperform rating on HRL stock.
The Average True Range (ATR) for Hormel Foods Corporation is set at 1.11, with the Price to Sales ratio for HRL stock in the period of the last 12 months amounting to 2.63. The Price to Book ratio for the last quarter was 4.08, with the Price to Cash per share for the same quarter was set at 1.15. Price to Free Cash Flow for HRL in the course of the last twelve months was 84.32 with Quick ratio for the last quarter at 0.90.
HRL Stock Performance Analysis:
Hormel Foods Corporation [HRL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.77. With this latest performance, HRL shares dropped by -3.95% in over the last four-week period, additionally plugging by 2.44% over the last 6 months – not to mention a rise of 11.78% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HRL stock in for the last two-week period is set at 42.25, with the RSI for the last a single of trading hit 38.03, and the three-weeks RSI is set at 46.62 for Hormel Foods Corporation [HRL]. The present Moving Average for the last 50 days of trading for this stock 47.74, while it was recorded at 47.53 for the last single week of trading, and 44.99 for the last 200 days.
Insight into Hormel Foods Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Hormel Foods Corporation [HRL] shares currently have an operating margin of +12.32 and a Gross Margin at +19.81. Hormel Foods Corporation’s Net Margin is presently recorded at +10.31.
Return on Total Capital for HRL is now 18.86, given the latest momentum, and Return on Invested Capital for the company is 15.79. Return on Equity for this stock inclined to 16.99, with Return on Assets sitting at 11.74. When it comes to the capital structure of this company, Hormel Foods Corporation [HRL] has a Total Debt to Total Equity ratio set at 4.22. Additionally, HRL Total Debt to Total Capital is recorded at 4.05, with Total Debt to Total Assets ending up at 3.00. Long-Term Debt to Equity for the company is recorded at 4.22, with the Long-Term Debt to Total Capital now at 4.05.
Reflecting on the efficiency of the workforce at the company, Hormel Foods Corporation [HRL] managed to generate an average of $52,064 per employee. Receivables Turnover for the company is 15.85 with a Total Asset Turnover recorded at a value of 1.14.Hormel Foods Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.70.
HRL Stock EPS
With the latest financial reports released by the company, Hormel Foods Corporation posted 0.37/share EPS, while the average EPS was predicted by analysts to be reported at 0.36/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HRL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hormel Foods Corporation go to 4.20%.
Hormel Foods Corporation [HRL] Insider Position Details
There are presently around $10,991 million, or 44.90% of HRL stock, in the hands of institutional investors. The top three institutional holders of HRL stocks are: VANGUARD GROUP INC with ownership of 35,545,174, which is approximately 2.693% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 29,833,007 shares of the stock with an approximate value of $1.39 billion in HRL stocks shares; and STATE STREET CORP, currently with $1.32 billion in HRL stock with ownership of nearly -1.987% of the company’s market capitalization.
Positions in Hormel Foods Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 298 institutional holders increased their position in Hormel Foods Corporation [NYSE:HRL] by around 13,741,427 shares. Additionally, 295 investors decreased positions by around 24,087,675 shares, while 96 investors held positions by with 197,666,065 shares. The mentioned changes placed institutional holdings at 235,495,167 shares, according to the latest SEC report filing. HRL stock had 78 new institutional investments in for a total of 2,405,196 shares, while 68 institutional investors sold positions of 4,882,050 shares during the same period.