Hormel Foods Corporation (HRL)
NYSE: HRL · Real-Time Price · USD
29.27
-0.28 (-0.95%)
At close: May 13, 2025, 4:00 PM
29.40
+0.13 (0.44%)
Pre-market: May 14, 2025, 5:43 AM EDT
Hormel Foods Stock Forecast
Stock Price Forecast
According to 4 professional analysts, the 12-month price target for Hormel Foods stock ranges from a low of $31 to a high of $36. The average price target of $33.5 forecasts a 14.45% increase in the stock price over the next year.
Price Target: $33.50 (+14.45%)
Analyst Consensus: Buy
* Price targets were last updated on Feb 18, 2025.
Analyst Ratings
The average analyst rating for Hormel Foods stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Hold | 4 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Total | 6 | 5 | 5 | 5 | 5 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stephens & Co. | Stephens & Co. | Hold Reiterates $31 | Hold | Reiterates | $31 | +5.91% | Feb 18, 2025 |
| Barclays | Barclays | Hold → Buy Upgrades $35 → $36 | Hold → Buy | Upgrades | $35 → $36 | +22.99% | Jan 22, 2025 |
| Citigroup | Citigroup | Strong Buy Maintains $36 → $35 | Strong Buy | Maintains | $36 → $35 | +19.58% | Nov 19, 2024 |
| Stephens & Co. | Stephens & Co. | Hold Initiates $31 | Hold | Initiates | $31 | +5.91% | Oct 3, 2024 |
| Citigroup | Citigroup | Hold → Strong Buy Upgrades $33 → $37 | Hold → Strong Buy | Upgrades | $33 → $37 | +26.41% | Aug 13, 2024 |
Financial Forecast
Revenue This Year
12.24B
from 11.92B
Increased by 2.69%
Revenue Next Year
12.52B
from 12.24B
Increased by 2.25%
EPS This Year
1.63
from 1.47
Increased by 10.94%
EPS Next Year
1.80
from 1.63
Increased by 10.52%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 12.8B | 13.2B | 13.7B | ||
| Avg | 12.2B | 12.5B | 13.0B | ||
| Low | 11.8B | 11.9B | 12.4B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 7.6% | 7.5% | 9.6% | ||
| Avg | 2.7% | 2.3% | 3.5% | ||
| Low | -1.4% | -3.1% | -1.2% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 1.73 | 1.96 | 2.09 | ||
| Avg | 1.63 | 1.80 | 1.93 | ||
| Low | 1.52 | 1.62 | 1.80 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 18.0% | 20.5% | 16.0% | ||
| Avg | 10.9% | 10.5% | 7.1% | ||
| Low | 3.4% | -0.8% | -0.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.