Hormel Foods Stock Price Target and Analyst Ratings (NYSE:HRL)

Analyst Price Target for HRL

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

^$46.40

▼ -1.84% Downside Potential

This price target is based on 6 analysts offering 12 month price targets for Hormel Foods in the last 3 months. The average price target is $46.40, with a high forecast of $56.00 and a low forecast of $40.00. The average price target represents a -1.84% upside from the last price of $47.27.

Hold

The current consensus among 6 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

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

Ratings as of

10/29/2019

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

Ratings as of

1/27/2020

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

Ratings as of

4/26/2020

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

Ratings as of

7/25/2020

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

Ratings as of

10/23/2020

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

Ratings as of

1/21/2021

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

Ratings as of

3/22/2021

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

Ratings as of

4/21/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

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

(Data available from 4/21/2016 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: $47.27

$46.38

$47.27

50 Day Range

MA: $47.59

$46.34

$48.69

52 Week Range

Now: $47.27

$43.45

$52.97

Volume

1,603,981 shs

Average Volume

2,585,093 shs

Market Capitalization

$25.53 billion

P/E Ratio

28.31

Dividend Yield

2.11%

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., Cfra, JPMorgan Chase & Co., Oppenheimer Holdings Inc., Piper Sandler, Seaport Global Securities, and Zacks Investment Research.
View the latest analyst ratings for HRL.

What is the current price target for Hormel Foods?

5 Wall Street analysts have set twelve-month price targets for Hormel Foods in the last year. Their average twelve-month price target is $46.40, suggesting a possible downside of 1.8%. Argus has the highest price target set, predicting HRL will reach $56.00 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 5 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, General Mills, The Hershey, Tyson Foods, McCormick & Company, Incorporated, Kellogg, Conagra Brands, Campbell Soup, The J. M. Smucker, Post, Pilgrim's Pride, Flowers Foods, Lancaster Colony, Seaboard and The Hain Celestial Group.

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.

NYSE:HRL - Hormel Foods Stock Price Target and Predictions

Analyst Price Target for HRL

Past Monthly Recommendations

Latest Recommendations

Today's Range

50 Day Range

52 Week Range

Volume

Average Volume

Market Capitalization

P/E Ratio

Dividend Yield

Beta

Frequently Asked Questions

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

What is the current price target for Hormel Foods?

What is the current consensus analyst rating for Hormel Foods?

What other companies compete with Hormel Foods?

How do I contact Hormel Foods' investor relations team?