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
Target Low Average Median High
Price $28 $33.4 $33 $43
Change -19.91% -4.46% -5.61% +23.00%

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 '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 111000
Buy 000000
Hold 666674
Sell 111101
Strong Sell 111111
Total 999886

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
More Analyst Ratings

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%
Year 201920202021202220232024202520262027
Revenue
9.50B9.61B11.39B12.46B12.11B12.40B12.63B12.93B13.49B
Revenue Growth
-0.51%1.17%18.50%9.42%-2.80%2.42%1.85%2.33%4.32%
EPS
1.801.661.661.821.451.601.701.862.21
EPS Growth
-3.23%-7.78%-9.64%-20.33%10.24%6.12%9.84%18.71%
No. Analysts -----121282
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
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 2024202520262027
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 2024202520262027
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 2024202520262027
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.