Hormel Foods Corp. [NYSE: HRL] price plunged by -1.36 percent to reach at -$0.43.
The one-year HRL stock forecast points to a potential upside of 6.04. The average equity rating for HRL stock is currently 3.15, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $33.11 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 3.15. 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.
Stephens have made an estimate for Hormel Foods Corp. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on Oct-04-24. While these analysts kept the previous recommendation, Citigroup raised their target price from $33 to $37. The new note on the price target was released on August 13, 2024, representing the official price target for Hormel Foods Corp. stock. Previously, the target price had yet another raise from $28 to $29, while JP Morgan kept a Neutral rating on HRL stock.
The Average True Range (ATR) for Hormel Foods Corp. is set at 0.60, with the Price to Sales ratio for HRL stock in the period of the last 12 months amounting to 1.42. The Price to Book ratio for the last quarter was 2.17, with the Price to Cash per share for the same quarter was set at 1.02. Price to Free Cash Flow for HRL in the course of the last twelve months was 18.89 with Quick ratio for the last quarter at 1.03.
HRL Stock Performance Analysis:
Hormel Foods Corp. [HRL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.46. With this latest performance, HRL shares gained by 0.32% in over the last four-week period, additionally sinking by -11.54% over the last 6 months – not to mention a drop of -17.48% 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 41.49, with the RSI for the last a single of trading hit 36.61, and the three-weeks RSI is set at 44.08 for Hormel Foods Corp. [HRL]. The present Moving Average for the last 50 days of trading for this stock 32.01, while it was recorded at 31.55 for the last single week of trading, and 32.38 for the last 200 days.
Insight into Hormel Foods Corp. Fundamentals:
Hormel Foods Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.03 and a Current Ratio set at 2.29.
HRL Stock EPS
With the latest financial reports released by the company, Hormel Foods Corp. posted 0.42/share EPS, while the average EPS was predicted by analysts to be reported at 0.44/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.02. 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 6.20%.
Hormel Foods Corp. [HRL] Institutonal Ownership Details
There are presently around $88.30%, or 88.50%% of HRL stock, in the hands of institutional investors. The top three institutional holders of HRL stocks are: VANGUARD GROUP INC with ownership of 36.76 million shares, which is approximately 6.709%. BLACKROCK INC., holding 25.5 million shares of the stock with an approximate value of $$777.45 million in HRL stocks shares; and BLACKROCK INC., currently with $$745.5 million in HRL stock with ownership which is approximately 4.4629%.
