NYSE:HRL - Hormel Foods Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
About
FAQ

Consensus Rating: Hold
Consensus Price Target: $42.00
Forecasted Upside: -11.24 %
Number of Analysts: 4
Breakdown:
1 Sell Ratings
3 Hold Ratings
0 Buy Ratings
0 Strong Buy Ratings

^$47.32 As of 07/28/2021 10:51 AM ET

▼ -0.37 (-0.78%)

1 month | 3 months | 12 months

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Analyst Price Target for HRL

^$42.00

▼ -11.24% Downside Potential

This price target is based on 4 analysts offering 12 month price targets for Hormel Foods in the last 3 months. The average price target is $42.00, with a high forecast of $44.00 and a low forecast of $40.00. The average price target represents a -11.24% upside from the last price of $47.32.

Current Consensus is Hold

The current consensus among 4 investment analysts is to hold stock in Hormel Foods. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations Description Skip Past Price Target Consensus Chart

0 strong buy ratings
1 buy ratings
7 hold ratings
2 sell ratings

Ratings as of

2/3/2020

0 strong buy ratings
1 buy ratings
8 hold ratings
1 sell ratings

Ratings as of

5/3/2020

0 strong buy ratings
0 buy ratings
7 hold ratings
1 sell ratings

Ratings as of

8/1/2020

0 strong buy ratings
0 buy ratings
8 hold ratings
0 sell ratings

Ratings as of

10/30/2020

0 strong buy ratings
0 buy ratings
7 hold ratings
1 sell ratings

Ratings as of

1/28/2021

0 strong buy ratings
0 buy ratings
5 hold ratings
1 sell ratings

Ratings as of

4/28/2021

0 strong buy ratings
0 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

6/27/2021

0 strong buy ratings
0 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

7/27/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
1/19/2021	JPMorgan Chase & Co.	Lower Price Target		$44.00 ➝ $40.00	Low
12/9/2020	Argus	Downgrade	Buy ➝ Hold		Low
11/25/2020	Bank of America	Lower Price Target	Underperform	$45.00 ➝ $44.00	Low
10/7/2020	Oppenheimer	Reiterated Rating	Hold		Medium
9/8/2020	Seaport Global Securities	Initiated Coverage	Neutral		Medium
7/17/2020	Argus	Initiated Coverage	Buy	$56.00	High
5/21/2020	Cfra	Boost Price Target	Hold	$38.00 ➝ $45.00	Low
4/28/2020	Piper Sandler	Downgrade	Overweight ➝ Neutral	$47.00	Low
3/31/2020	Barclays	Boost Price Target	Equal Weight	$40.00 ➝ $44.00	Low
3/26/2020	The Goldman Sachs Group	Upgrade	Sell ➝ Neutral	$35.00 ➝ $45.00	High
3/9/2020	Cfra	Upgrade	Sell ➝ Hold	$38.00	High
11/27/2019	Stephens	Reiterated Rating	Neutral ➝ Hold	$37.00 ➝ $43.00	Medium
10/25/2019	Bank of America	Initiated Coverage	Underperform	$40.00	Low
8/23/2019	BMO Capital Markets	Set Price Target	Hold	$44.00	Low
8/12/2019	Stephens	Set Price Target	Hold	$37.00	Medium
6/12/2019	Edward Jones	Downgrade	Buy ➝ Hold		Low
5/24/2019	Buckingham Research	Lower Price Target	Neutral	$38.00 ➝ $35.00	Low
5/23/2019	Piper Jaffray Companies	Set Price Target	Buy	$46.00	High
4/23/2019	The Goldman Sachs Group	Downgrade	Neutral ➝ Sell	$37.00 ➝ $35.00	High
4/23/2019	JPMorgan Chase & Co.	Downgrade	Neutral ➝ Underweight	$40.00 ➝ $36.00	High
3/4/2019	Stephens	Initiated Coverage	Equal ➝ Equal Weight		Low
2/21/2019	Credit Suisse Group	Reiterated Rating	Hold	$39.00	High
2/21/2019	Jefferies Financial Group	Reiterated Rating	Hold	$44.00	High
11/27/2018	Jefferies Financial Group	Downgrade	Buy ➝ Hold	$44.00	Low
11/21/2018	Credit Suisse Group	Set Price Target	Neutral ➝ Hold	$33.00 ➝ $39.00	Low
11/21/2018	Barclays	Set Price Target	Hold	$40.00	Low
11/6/2018	Vertical Research	Downgrade	Hold ➝ Sell		Low
11/6/2018	Piper Jaffray Companies	Set Price Target	Positive ➝ Buy	$50.00	Low
9/28/2018	JPMorgan Chase & Co.	Initiated Coverage	Neutral ➝ Neutral	$41.00	Medium
9/17/2018	BMO Capital Markets	Downgrade	Outperform ➝ Market Perform	$38.00 ➝ $44.00	Medium
8/29/2018	Jefferies Financial Group	Reiterated Rating	Buy	$44.00	Low
8/24/2018	Barclays	Downgrade	Overweight ➝ Equal Weight	$38.00 ➝ $38.00	Medium
8/16/2018	Buckingham Research	Boost Price Target	Neutral ➝ Neutral	$32.00 ➝ $34.00	High
7/25/2018	Mizuho	Downgrade	Neutral ➝ Underperform	$33.00	High
7/17/2018	Stephens	Downgrade	Overweight ➝ Equal Weight		Medium
5/31/2018	Jefferies Financial Group	Reiterated Rating	Buy	$42.00	Medium
5/25/2018	Buckingham Research	Lower Price Target	Neutral ➝ Neutral	$34.00 ➝ $32.00	Low
2/27/2018	Credit Suisse Group	Lower Price Target	Neutral ➝ Neutral	$36.00 ➝ $33.00	Low
2/27/2018	Piper Jaffray Companies	Reiterated Rating	Buy	$39.00	Low
2/25/2018	Credit Suisse Group	Reiterated Rating	Neutral		Low
2/23/2018	Barclays	Reiterated Rating	Overweight ➝ Buy	$40.00 ➝ $38.00	Low
2/22/2018	Jefferies Financial Group	Reiterated Rating	Buy		Low
2/14/2018	Jefferies Financial Group	Upgrade	Hold ➝ Buy	$30.00	Medium
1/4/2018	Piper Jaffray Companies	Initiated Coverage	Overweight ➝ Overweight	$42.00	Low
12/1/2017	Barclays	Set Price Target	Overweight ➝ Overweight	$40.00	Low
11/30/2017	Jefferies Financial Group	Set Price Target	Hold	$34.00	Low
11/25/2017	Mizuho	Set Price Target	Hold	$34.00	Medium
11/24/2017	Credit Suisse Group	Set Price Target	Hold	$33.00	N/A
11/6/2017	BMO Capital Markets	Reiterated Rating	Buy	$38.00	N/A
11/3/2017	Morgan Stanley	Initiated Coverage	Underweight ➝ Underweight	$26.00	N/A
10/31/2017	KeyCorp	Initiated Coverage	Sector Weight ➝ Hold		N/A
10/29/2017	Jefferies Financial Group	Set Price Target	Hold	$34.00	N/A
10/19/2017	Stephens	Lower Price Target	Overweight	$50.00 ➝ $38.00	N/A
10/4/2017	Mizuho	Reiterated Rating	Hold	$33.00	Low
8/26/2017	Credit Suisse Group	Dropped Coverage	Outperform ➝ Hold		N/A
8/25/2017	Barclays	Lower Price Target	Overweight ➝ Overweight	$38.00 ➝ $35.00	Low
8/25/2017	BMO Capital Markets	Reiterated Rating	Outperform	$45.00 ➝ $38.00	Medium
8/25/2017	Buckingham Research	Lower Price Target	Neutral	$37.00 ➝ $33.00	Medium
8/25/2017	Credit Suisse Group	Downgrade	Outperform ➝ Neutral	$39.00 ➝ $33.00	Medium
6/30/2017	Jefferies Financial Group	Reiterated Rating	Hold	$34.00	Low
6/16/2017	Stephens	Reiterated Rating	Overweight	$50.00	Low
6/12/2017	Jefferies Financial Group	Reiterated Rating	Hold	$34.00	Low
6/7/2017	Mizuho	Initiated Coverage	Neutral	$35.00	Medium
6/6/2017	Barclays	Initiated Coverage	Overweight ➝ Overweight	$38.00	Low
5/26/2017	Credit Suisse Group	Lower Price Target	Buy	$41.00 ➝ $39.00	N/A
3/30/2017	BMO Capital Markets	Reiterated Rating	Buy	$45.00	Low
2/25/2017	Credit Suisse Group	Set Price Target	Buy	$41.00	N/A
1/9/2017	Piper Jaffray Companies	Initiated Coverage	Overweight	$40.00	N/A
12/1/2016	KeyCorp	Initiated Coverage	Sector Weight		N/A
11/23/2016	BMO Capital Markets	Boost Price Target	Outperform	$34.00 ➝ $45.00	N/A
11/23/2016	Credit Suisse Group	Set Price Target	Buy	$41.00	N/A
9/27/2016	Credit Suisse Group	Reiterated Rating	Outperform ➝ Outperform	$43.00	N/A
9/16/2016	Oppenheimer	Initiated Coverage	Market Perform	$39.00	N/A
9/16/2016	Edward Jones	Upgrade	Hold ➝ Buy		N/A
8/24/2016	Edward Jones	Upgrade	Hold ➝ Buy		N/A
8/22/2016	Credit Suisse Group	Upgrade	Neutral ➝ Outperform	$38.00 ➝ $43.00	N/A
8/19/2016	BMO Capital Markets	Upgrade	Market Perform ➝ Outperform	$44.00	N/A
8/16/2016	Deutsche Bank Aktiengesellschaft	Reiterated Rating	Hold	$38.00	N/A
8/3/2016	Jefferies Financial Group	Reiterated Rating	Hold		N/A

(Data available from 7/28/2016 forward)

Hormel Foods Corporation produces and markets various meat and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products, such as canned luncheon meats, peanut butters, chilies, shelf-stable microwaveable meals, hashes, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products. The company also provides turkey products; nutritional food products and supplements; dessert and drink mixes; and industrial gelatin products. It sells its products under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, CafÃ© H, Herdez, Black Label, Sadler's, Columbus, etc. brand names through sales personnel, as well as through independent brokers and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.

Today's Range

Now: $47.32

$47.32

$47.62

50 Day Range

MA: $48.09

$45.97

$49.64

52 Week Range

Now: $47.32

$43.45

$52.97

Volume

1,370 shs

Average Volume

2,293,590 shs

Market Capitalization

$25.65 billion

P/E Ratio

29.03

Dividend Yield

2.07%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Hormel Foods?

The following Wall Street research analysts have issued reports on Hormel Foods in the last year: Argus, Bank of America Co., JPMorgan Chase & Co., Oppenheimer Holdings Inc., Seaport Global Securities, and Zacks Investment Research.
View the latest analyst ratings for HRL.

What is the current price target for Hormel Foods?

2 Wall Street analysts have set twelve-month price targets for Hormel Foods in the last year. Their average twelve-month price target is $42.00, suggesting a possible downside of 11.2%. Bank of America Co. has the highest price target set, predicting HRL will reach $44.00 in the next twelve months. JPMorgan Chase & Co. has the lowest price target set, forecasting a price of $40.00 for Hormel Foods in the next year.
View the latest price targets for HRL.

What is the current consensus analyst rating for Hormel Foods?

Hormel Foods currently has 1 sell rating and 3 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in HRL, but not buy more shares or sell existing shares.
View the latest ratings for HRL.

What other companies compete with Hormel Foods?

Other companies that are similar to Hormel Foods include Mondelez International, The Hershey, General Mills, Tyson Foods, McCormick & Company, Incorporated, Kellogg, Conagra Brands, The J. M. Smucker, Campbell Soup, Post, Lancaster Colony, Pilgrim's Pride, Flowers Foods, Seaboard and Sanderson Farms.

How do I contact Hormel Foods' investor relations team?

Hormel Foods' physical mailing address is 1 HORMEL PL, AUSTIN MN, 55912. The company's listed phone number is 507-437-5611 and its investor relations email address is [email protected] The official website for Hormel Foods is www.hormelfoods.com.