Hormel Foods Corporation (HRL)
NYSE: HRL · IEX Real-Time Price · USD
34.96
+0.11 (0.32%)
Mar 28, 2024, 1:48 PM EDT - Market open
Hormel Foods Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Hormel Foods stock have an average target of 33.4, with a low estimate of 28 and a high estimate of 43. The average target predicts a decrease of -4.46% from the current stock price of 34.96.
Analyst Consensus: Sell
Analyst Ratings
The average analyst rating for Hormel Foods stock from 6 stock analysts is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.
Recommendation Trends
Rating | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 1 | 1 | 1 | 0 | 0 | 0 |
Buy | 0 | 0 | 0 | 0 | 0 | 0 |
Hold | 6 | 6 | 6 | 6 | 7 | 4 |
Sell | 1 | 1 | 1 | 1 | 0 | 1 |
Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
Total | 9 | 9 | 9 | 8 | 8 | 6 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
JP Morgan | JP Morgan | Sell Maintains $27 → $28 | Sell | Maintains | $27 → $28 | -19.91% | Mar 1, 2024 |
Barclays | Barclays | Hold Maintains $33 → $35 | Hold | Maintains | $33 → $35 | +0.11% | Mar 1, 2024 |
Goldman Sachs | Goldman Sachs | Strong Sell Maintains $26 → $28 | Strong Sell | Maintains | $26 → $28 | -19.91% | Mar 1, 2024 |
Citigroup | Citigroup | Hold Initiates $31 | Hold | Initiates | $31 | -11.33% | Feb 1, 2024 |
Piper Sandler | Piper Sandler | Hold Maintains $31 → $33 | Hold | Maintains | $31 → $33 | -5.61% | Jan 12, 2024 |
Financial Forecast
Revenue This Year
12.40B
from 12.11B
Increased by 2.42%
Revenue Next Year
12.63B
from 12.40B
Increased by 1.85%
EPS This Year
1.60
from 1.45
Increased by 10.24%
EPS Next Year
1.70
from 1.60
Increased by 6.12%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
High | 13.0B | 13.4B | 13.7B | 14.0B |
Avg | 12.4B | 12.6B | 12.9B | 13.5B |
Low | 11.9B | 12.1B | 12.4B | 13.1B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
High | 7.4% | 7.9% | 8.3% | 8.4% |
Avg | 2.4% | 1.9% | 2.3% | 4.3% |
Low | -1.4% | -2.3% | -1.9% | 1.2% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
High | 1.72 | 1.79 | 2.03 | 2.30 |
Avg | 1.60 | 1.70 | 1.86 | 2.21 |
Low | 1.50 | 1.62 | 1.72 | 2.15 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
High | 18.8% | 11.7% | 19.5% | 23.4% |
Avg | 10.2% | 6.1% | 9.8% | 18.7% |
Low | 3.3% | 1.2% | 1.7% | 15.2% |
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.