Hormel Foods Corporation (HRL)
NYSE: HRL · Real-Time Price · USD
30.69
-0.25 (-0.81%)
Oct 29, 2024, 4:00 PM EDT - Market closed
Hormel Foods Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Hormel Foods stock have an average target of 32.67, with a low estimate of 28 and a high estimate of 37. The average target predicts an increase of 6.45% from the current stock price of 30.69.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Hormel Foods stock from 6 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
---|---|---|---|---|---|---|
Strong Buy | 0 | 0 | 0 | 1 | 1 | 1 |
Buy | 0 | 0 | 0 | 0 | 0 | 0 |
Hold | 4 | 4 | 4 | 3 | 3 | 4 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
Total | 5 | 5 | 5 | 5 | 5 | 6 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Stephens & Co. | Stephens & Co. | Hold Initiates $31 | Hold | Initiates | $31 | +1.01% | Oct 3, 2024 |
Citigroup | Citigroup | Hold → Strong Buy Upgrades $33 → $37 | Hold → Strong Buy | Upgrades | $33 → $37 | +20.56% | Aug 13, 2024 |
Citigroup | Citigroup | Hold Maintains $35 → $33 | Hold | Maintains | $35 → $33 | +7.53% | May 31, 2024 |
Stephens & Co. | Stephens & Co. | Hold Reiterates $32 | Hold | Reiterates | $32 | +4.27% | May 31, 2024 |
JP Morgan | JP Morgan | Sell → Hold Upgrades $28 → $29 | Sell → Hold | Upgrades | $28 → $29 | -5.51% | May 31, 2024 |
Financial Forecast
Revenue This Year
12.05B
from 12.11B
Decreased by -0.49%
Revenue Next Year
12.34B
from 12.05B
Increased by 2.43%
EPS This Year
1.61
from 1.45
Increased by 10.81%
EPS Next Year
1.72
from 1.61
Increased by 6.78%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 12.6B | 13.0B | 13.2B | ||
Avg | 12.1B | 12.3B | 12.6B | ||
Low | 11.6B | 11.8B | 12.2B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 3.6% | 8.0% | 6.8% | ||
Avg | -0.5% | 2.4% | 2.3% | ||
Low | -3.8% | -2.4% | -1.0% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 1.69 | 1.82 | 2.03 | ||
Avg | 1.61 | 1.72 | 1.90 | ||
Low | 1.54 | 1.62 | 1.76 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 16.5% | 13.1% | 18.1% | ||
Avg | 10.8% | 6.8% | 10.5% | ||
Low | 5.9% | 0.6% | 2.8% |
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.