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Hormel Foods - HRL Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $44.71
  • Forecasted Upside: 12.12%
  • Number of Analysts: 5
  • Breakdown:
  • 1 Sell Ratings
  • 4 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$39.88 As of 03/31/2023 01:00 AM ET
▲ +0.64 (1.63%)

This chart shows the closing price for HRL by one month, three months, or twelve months.

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Analyst Price Target for HRL

Analyst Price Target is $44.71
▲ +12.12% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Hormel Foods in the last 3 months. The average price target is $44.71, with a high forecast of $54.00 and a low forecast of $38.00. The average price target represents a 12.12% upside from the last price of $39.88.

This chart shows the closing price for HRL for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 5 polled 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 DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 2 sell ratings
Ratings as of
10/8/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
1/6/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 2 sell ratings
Ratings as of
4/6/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 2 sell ratings
Ratings as of
7/5/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 2 sell ratings
Ratings as of
10/3/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 2 sell ratings
Ratings as of
1/1/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 2 sell ratings
Ratings as of
3/2/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
4/1/2023

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/30/2023ArgusDowngradeBuy ➝ HoldLow
3/6/2023Bank of AmericaLower Target$45.00 ➝ $41.00Low
3/6/2023StephensLower TargetEqual Weight$52.00 ➝ $47.00Low
3/3/2023Credit Suisse GroupLower TargetNeutral$44.00 ➝ $41.00Low
3/3/2023BarclaysLower Target$48.00 ➝ $45.00Low
3/3/2023JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$47.00 ➝ $38.00Low
12/30/2022ArgusBoost TargetBuy$53.00 ➝ $54.00Low
9/22/2022ArgusLower TargetBuy$54.00 ➝ $53.00Low
9/6/2022StephensLower Target$52.00Low
9/2/2022Piper SandlerLower TargetNeutral$48.00 ➝ $47.00Low
8/23/2022StephensBoost TargetEqual Weight$50.00 ➝ $55.00Low
6/3/2022Piper SandlerLower Target$48.00Low
6/3/2022Credit Suisse GroupLower Target$44.00Low
3/15/2022The Goldman Sachs GroupDowngradeNeutral ➝ Sell$44.00Low
3/10/2022ArgusUpgradeHold ➝ Buy$57.00Low
3/2/2022Credit Suisse GroupBoost TargetNeutral$44.00 ➝ $46.00Medium
3/2/2022JPMorgan Chase & Co.Boost TargetNeutral$46.00 ➝ $48.00Medium
3/2/2022Piper SandlerBoost TargetNeutral$48.00 ➝ $49.00Medium
1/25/2022Piper SandlerLower Target$49.00 ➝ $48.00High
12/10/2021BMO Capital MarketsReiterated RatingNeutral ➝ HoldMedium
12/10/2021Credit Suisse GroupBoost TargetNeutral$42.00 ➝ $44.00High
12/10/2021Piper SandlerBoost TargetNeutral ➝ Neutral$45.00 ➝ $49.00High
10/8/2021JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$42.00Low
9/7/2021Credit Suisse GroupLower TargetNeutral$45.00 ➝ $42.00High
9/3/2021BarclaysLower TargetEqual Weight$48.00 ➝ $46.00High
1/19/2021JPMorgan Chase & Co.Lower Target$44.00 ➝ $40.00Low
12/9/2020ArgusDowngradeBuy ➝ HoldLow
11/25/2020Bank of AmericaLower TargetUnderperform$45.00 ➝ $44.00Low
10/7/2020OppenheimerReiterated RatingHoldMedium
7/17/2020ArgusInitiated CoverageBuy$56.00High
5/21/2020CfraBoost TargetHold$38.00 ➝ $45.00Low
4/28/2020Piper SandlerDowngradeOverweight ➝ Neutral$47.00Low
3/31/2020BarclaysBoost TargetEqual Weight$40.00 ➝ $44.00Low
3/26/2020The Goldman Sachs GroupUpgradeSell ➝ Neutral$35.00 ➝ $45.00High
3/9/2020CfraUpgradeSell ➝ Hold$38.00High
11/27/2019StephensReiterated RatingNeutral ➝ Hold$37.00 ➝ $43.00Medium
10/25/2019Bank of AmericaInitiated CoverageUnderperform$40.00Low
8/23/2019BMO Capital MarketsSet TargetHold$44.00Low
8/12/2019StephensSet TargetHold$37.00Medium
6/12/2019Edward JonesDowngradeBuy ➝ HoldLow
5/24/2019Buckingham ResearchLower TargetNeutral$38.00 ➝ $35.00Low
5/23/2019Piper Jaffray CompaniesSet TargetBuy$46.00High
4/23/2019The Goldman Sachs GroupDowngradeNeutral ➝ Sell$37.00 ➝ $35.00High
4/23/2019JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$40.00 ➝ $36.00High
3/4/2019StephensInitiated CoverageEqual ➝ Equal WeightLow
2/21/2019Credit Suisse GroupReiterated RatingHold$39.00High
2/21/2019Jefferies Financial GroupReiterated RatingHold$44.00High
11/27/2018Jefferies Financial GroupDowngradeBuy ➝ Hold$44.00Low
11/21/2018Credit Suisse GroupSet TargetNeutral ➝ Hold$33.00 ➝ $39.00Low
11/21/2018BarclaysSet TargetHold$40.00Low
11/6/2018Vertical ResearchDowngradeHold ➝ SellLow
11/6/2018Piper Jaffray CompaniesSet TargetPositive ➝ Buy$50.00Low
9/28/2018JPMorgan Chase & Co.Initiated CoverageNeutral ➝ Neutral$41.00Medium
9/17/2018BMO Capital MarketsDowngradeOutperform ➝ Market Perform$38.00 ➝ $44.00Medium
8/29/2018Jefferies Financial GroupReiterated RatingBuy$44.00Low
8/24/2018BarclaysDowngradeOverweight ➝ Equal Weight$38.00 ➝ $38.00Medium
8/16/2018Buckingham ResearchBoost TargetNeutral ➝ Neutral$32.00 ➝ $34.00High
7/25/2018MizuhoDowngradeNeutral ➝ Underperform$33.00High
7/17/2018StephensDowngradeOverweight ➝ Equal WeightMedium
5/31/2018Jefferies Financial GroupReiterated RatingBuy$42.00Medium
5/25/2018Buckingham ResearchLower TargetNeutral ➝ Neutral$34.00 ➝ $32.00Low
(Data available from 4/1/2018 forward)

News Sentiment Rating

0.76 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 8 very positive mentions
  • 16 positive mentions
  • 3 negative mentions
  • 1 very negative mentions
Mentions as of
9/3/2022
  • 9 very positive mentions
  • 28 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
Mentions as of
10/3/2022
  • 10 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 2 very negative mentions
Mentions as of
11/2/2022
  • 15 very positive mentions
  • 19 positive mentions
  • 3 negative mentions
  • 4 very negative mentions
Mentions as of
12/2/2022
  • 9 very positive mentions
  • 29 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/1/2023
  • 10 very positive mentions
  • 11 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
1/31/2023
  • 17 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
3/2/2023
  • 23 very positive mentions
  • 15 positive mentions
  • 4 negative mentions
  • 1 very negative mentions
Mentions as of
4/1/2023

Current Sentiment

  • 23 very positive mentions
  • 15 positive mentions
  • 4 negative mentions
  • 1 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Hormel Foods logo
Hormel Foods Corp. engages in the production of meat and food products. It operates through the following segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International and Other. The Grocery Products segment focuses on the processing, marketing, and sale of shelf-stable food products sold in the retail market. The Refrigerated Foods segment is involved in the processing, marketing, and sale of branded and unbranded pork, beef, and poultry products for retail, foodservice, deli, and commercial customers. The Jennie-O Turkey Store segment includes the processing, marketing, and sale of branded and unbranded turkey products for retail, foodservice, and fresh product customers. The International and Other segment manages Hormel Foods International, which manufactures, markets, and sells company products internationally. The company was founded by George A. Hormel in 1891 and is headquartered in Austin, MN.
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Today's Range

Now: $39.88
Low: $39.36
High: $39.90

50 Day Range

MA: $42.54
Low: $37.95
High: $45.74

52 Week Range

Now: $39.88
Low: $37.78
High: $55.11

Volume

3,059,252 shs

Average Volume

2,596,456 shs

Market Capitalization

$21.80 billion

P/E Ratio

22.28

Dividend Yield

2.80%

Beta

0.18

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., Barclays PLC, Credit Suisse Group AG, JPMorgan Chase & Co., Piper Sandler, Stephens, StockNews.com, and TheStreet.
View the latest analyst ratings for HRL.

What is the current price target for Hormel Foods?

7 Wall Street analysts have set twelve-month price targets for Hormel Foods in the last year. Their average twelve-month price target is $44.71, suggesting a possible upside of 12.1%. Argus has the highest price target set, predicting HRL will reach $54.00 in the next twelve months. JPMorgan Chase & Co. has the lowest price target set, forecasting a price of $38.00 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 4 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 Church & Dwight, McCormick & Company, Incorporated, Tyson Foods, Kellogg and International Flavors & Fragrances. Learn More about companies similar to Hormel Foods.

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. Learn More about contacing Hormel Foods investor relations.