NYSE:HRL - Hormel Foods Stock Price Target and Predictions

  • 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
▼ -0.37 (-0.78%)

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Analyst Price Target for HRL

Analyst Price Target is $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.

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 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 DescriptionSkip Past Price Target Consensus Chart

  • 0 strong buy ratings
  • 1 buy ratings
  • 7 hold ratings
  • 2 sell ratings
2/3/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 8 hold ratings
  • 1 sell ratings
5/3/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 7 hold ratings
  • 1 sell ratings
8/1/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 8 hold ratings
  • 0 sell ratings
10/30/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 7 hold ratings
  • 1 sell ratings
1/28/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 1 sell ratings
4/28/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
6/27/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
7/27/2021

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/19/2021JPMorgan Chase & Co.Lower Price Target$44.00 ➝ $40.00Low
12/9/2020ArgusDowngradeBuy ➝ HoldLow
11/25/2020Bank of AmericaLower Price TargetUnderperform$45.00 ➝ $44.00Low
10/7/2020OppenheimerReiterated RatingHoldMedium
9/8/2020Seaport Global SecuritiesInitiated CoverageNeutralMedium
7/17/2020ArgusInitiated CoverageBuy$56.00High
5/21/2020CfraBoost Price TargetHold$38.00 ➝ $45.00Low
4/28/2020Piper SandlerDowngradeOverweight ➝ Neutral$47.00Low
3/31/2020BarclaysBoost Price 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 Price TargetHold$44.00Low
8/12/2019StephensSet Price TargetHold$37.00Medium
6/12/2019Edward JonesDowngradeBuy ➝ HoldLow
5/24/2019Buckingham ResearchLower Price TargetNeutral$38.00 ➝ $35.00Low
5/23/2019Piper Jaffray CompaniesSet Price 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 Price TargetNeutral ➝ Hold$33.00 ➝ $39.00Low
11/21/2018BarclaysSet Price TargetHold$40.00Low
11/6/2018Vertical ResearchDowngradeHold ➝ SellLow
11/6/2018Piper Jaffray CompaniesSet Price 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 Price 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 Price TargetNeutral ➝ Neutral$34.00 ➝ $32.00Low
2/27/2018Credit Suisse GroupLower Price TargetNeutral ➝ Neutral$36.00 ➝ $33.00Low
2/27/2018Piper Jaffray CompaniesReiterated RatingBuy$39.00Low
2/25/2018Credit Suisse GroupReiterated RatingNeutralLow
2/23/2018BarclaysReiterated RatingOverweight ➝ Buy$40.00 ➝ $38.00Low
2/22/2018Jefferies Financial GroupReiterated RatingBuyLow
2/14/2018Jefferies Financial GroupUpgradeHold ➝ Buy$30.00Medium
1/4/2018Piper Jaffray CompaniesInitiated CoverageOverweight ➝ Overweight$42.00Low
12/1/2017BarclaysSet Price TargetOverweight ➝ Overweight$40.00Low
11/30/2017Jefferies Financial GroupSet Price TargetHold$34.00Low
11/25/2017MizuhoSet Price TargetHold$34.00Medium
11/24/2017Credit Suisse GroupSet Price TargetHold$33.00N/A
11/6/2017BMO Capital MarketsReiterated RatingBuy$38.00N/A
11/3/2017Morgan StanleyInitiated CoverageUnderweight ➝ Underweight$26.00N/A
10/31/2017KeyCorpInitiated CoverageSector Weight ➝ HoldN/A
10/29/2017Jefferies Financial GroupSet Price TargetHold$34.00N/A
10/19/2017StephensLower Price TargetOverweight$50.00 ➝ $38.00N/A
10/4/2017MizuhoReiterated RatingHold$33.00Low
8/26/2017Credit Suisse GroupDropped CoverageOutperform ➝ HoldN/A
8/25/2017BarclaysLower Price TargetOverweight ➝ Overweight$38.00 ➝ $35.00Low
8/25/2017BMO Capital MarketsReiterated RatingOutperform$45.00 ➝ $38.00Medium
8/25/2017Buckingham ResearchLower Price TargetNeutral$37.00 ➝ $33.00Medium
8/25/2017Credit Suisse GroupDowngradeOutperform ➝ Neutral$39.00 ➝ $33.00Medium
6/30/2017Jefferies Financial GroupReiterated RatingHold$34.00Low
6/16/2017StephensReiterated RatingOverweight$50.00Low
6/12/2017Jefferies Financial GroupReiterated RatingHold$34.00Low
6/7/2017MizuhoInitiated CoverageNeutral$35.00Medium
6/6/2017BarclaysInitiated CoverageOverweight ➝ Overweight$38.00Low
5/26/2017Credit Suisse GroupLower Price TargetBuy$41.00 ➝ $39.00N/A
3/30/2017BMO Capital MarketsReiterated RatingBuy$45.00Low
2/25/2017Credit Suisse GroupSet Price TargetBuy$41.00N/A
1/9/2017Piper Jaffray CompaniesInitiated CoverageOverweight$40.00N/A
12/1/2016KeyCorpInitiated CoverageSector WeightN/A
11/23/2016BMO Capital MarketsBoost Price TargetOutperform$34.00 ➝ $45.00N/A
11/23/2016Credit Suisse GroupSet Price TargetBuy$41.00N/A
9/27/2016Credit Suisse GroupReiterated RatingOutperform ➝ Outperform$43.00N/A
9/16/2016OppenheimerInitiated CoverageMarket Perform$39.00N/A
9/16/2016Edward JonesUpgradeHold ➝ BuyN/A
8/24/2016Edward JonesUpgradeHold ➝ BuyN/A
8/22/2016Credit Suisse GroupUpgradeNeutral ➝ Outperform$38.00 ➝ $43.00N/A
8/19/2016BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$44.00N/A
8/16/2016Deutsche Bank AktiengesellschaftReiterated RatingHold$38.00N/A
8/3/2016Jefferies Financial GroupReiterated RatingHoldN/A
(Data available from 7/28/2016 forward)
Hormel Foods logo
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, Café 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.
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Today's Range

Now: $47.32
Low: $47.32
High: $47.62

50 Day Range

MA: $48.09
Low: $45.97
High: $49.64

52 Week Range

Now: $47.32
Low: $43.45
High: $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?

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.