Hormel Foods Corp [NYSE: HRL] plunged by -$0.2 during the normal trading session on while it closed the day at $29.51.
Hormel Foods Corp stock has also loss -6.14% of its value over the past 7 days. However, HRL stock has declined by -3.06% in the 3 months of the year. Over the past six months meanwhile, it has lost -5.02% and lost -5.93% year-on date.
The market cap for HRL stock reached $16.23 billion, with 549.79 million shares outstanding and 290.07 million shares in the current float. Compared to the average trading volume of 3.24M shares, HRL reached a trading volume of 5015521 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $32.78 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.
Exane BNP Paribas have made an estimate for Hormel Foods Corp shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on October 21, 2024. While these analysts kept the previous recommendation, Stephens raised their target price to Equal-Weight. The new note on the price target was released on October 03, 2024, representing the official price target for Hormel Foods Corp stock. Previously, the target price had yet another raise from $33 to $37, while Citigroup kept a Buy rating on HRL stock. On May 31, 2024, analysts increased their price target for HRL shares from 28 to 29.
The Average True Range (ATR) for Hormel Foods Corp is set at 0.85, with the Price to Sales ratio for HRL stock in the period of the last 12 months amounting to 1.36. The Price to Book ratio for the last quarter was 2.02, with the Price to Cash per share for the same quarter was set at 1.58. Price to Free Cash Flow for HRL in the course of the last twelve months was 18.22 with Quick ratio for the last quarter at 1.31.
HRL stock trade performance evaluation
Hormel Foods Corp [HRL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.14. With this latest performance, HRL shares gained by 0.99% in over the last four-week period, additionally sinking by -5.02% over the last 6 months – not to mention a drop of -16.43% 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 46.47, with the RSI for the last a single of trading hit 43.39, and the three-weeks RSI is set at 47.65 for Hormel Foods Corp [HRL]. The present Moving Average for the last 50 days of trading for this stock 29.51, while it was recorded at 29.86 for the last single week of trading, and 30.92 for the last 200 days.
Hormel Foods Corp [HRL]: An insightful look at the core fundamentals
Hormel Foods Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.31 and a Current Ratio set at 2.45.
Earnings per share (EPS) analysis for Hormel Foods Corp [HRL] stock
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 6.51%.
Hormel Foods Corp [HRL]: Institutional Ownership
There are presently around $89.28%, or 89.49%% 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 4.4563%.
