Hormel Foods Corp. [NYSE: HRL] jumped around 0.09 points on Wednesday, while shares priced at $32.11 at the close of the session, up 0.28%.
Compared to the average trading volume of 2.36M shares, HRL reached a trading volume of 4142992 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Hormel Foods Corp. [HRL]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HRL shares is $32.90 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 3.07. 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.
JP Morgan have made an estimate for Hormel Foods Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 31, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on February 01, 2024, representing the official price target for Hormel Foods Corp. stock. On March 03, 2023, analysts decreased their price target for HRL shares from 47 to 38.
The Average True Range (ATR) for Hormel Foods Corp. is set at 0.54, with the Price to Sales ratio for HRL stock in the period of the last 12 months amounting to 1.46. The Price to Book ratio for the last quarter was 2.23, with the Price to Cash per share for the same quarter was set at 2.75. Price to Free Cash Flow for HRL in the course of the last twelve months was 17.79 with Quick ratio for the last quarter at 1.00.
How has HRL stock performed recently?
Hormel Foods Corp. [HRL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.90. With this latest performance, HRL shares gained by 5.52% in over the last four-week period, additionally plugging by 4.66% over the last 6 months – not to mention a drop of -21.45% 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 59.01, with the RSI for the last a single of trading hit 64.07, and the three-weeks RSI is set at 54.64 for Hormel Foods Corp. [HRL]. The present Moving Average for the last 50 days of trading for this stock 31.52, while it was recorded at 31.98 for the last single week of trading, and 32.39 for the last 200 days.
Hormel Foods Corp. [HRL]: Deeper insight into the fundamentals
Hormel Foods Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.73.
Earnings analysis for Hormel Foods Corp. [HRL]
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 Corp. go to 6.60%.
Insider trade positions for Hormel Foods Corp. [HRL]
The top three institutional holders of HRL stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in HRL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in HRL stock with ownership which is approximately 5.1238%.
