Hormel Foods - HRL Stock Price Target and Predictions

  • Consensus Rating: Reduce
  • Consensus Price Target: $36.50
  • Forecasted Upside: 19.63%
  • Number of Analysts: 7
  • Breakdown:
  • 2 Sell Ratings
  • 5 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$30.51
▲ +0.23 (0.76%)

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 $36.50
▲ +19.63% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Hormel Foods in the last 3 months. The average price target is $36.50, with a high forecast of $47.00 and a low forecast of $26.00. The average price target represents a 19.63% upside from the last price of $30.51.

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 Reduce

The current consensus among 7 polled investment analysts is to reduce stock in Hormel Foods. This Reduce 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
  • 5 hold ratings
  • 2 sell ratings
9/2/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 2 sell ratings
12/1/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 2 sell ratings
3/1/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 2 sell ratings
5/30/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 2 sell ratings
8/28/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 2 sell ratings
11/26/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 2 sell ratings
1/25/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 2 sell ratings
2/24/2024

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 2 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
2/1/2024CitigroupInitiated CoverageNeutral$31.00Low
1/12/2024Piper SandlerBoost TargetNeutral ➝ Neutral$31.00 ➝ $33.00Low
11/30/2023The Goldman Sachs GroupLower TargetSell ➝ Sell$29.00 ➝ $26.00Low
10/16/2023JPMorgan Chase & Co.Lower TargetUnderweight ➝ Underweight$36.00 ➝ $31.00Low
10/13/2023Piper SandlerLower TargetNeutral ➝ Neutral$41.00 ➝ $35.00Low
10/13/2023The Goldman Sachs GroupLower TargetSell ➝ Sell$33.00 ➝ $29.00Low
6/1/2023BarclaysLower Target$45.00 ➝ $42.00Low
4/12/2023Piper SandlerLower TargetNeutral$44.00 ➝ $43.00Low
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 Sandler 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
(Data available from 2/24/2019 forward)

News Sentiment Rating

0.99 (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
  • 24 very positive mentions
  • 2 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
7/29/2023
  • 18 very positive mentions
  • 6 positive mentions
  • 4 negative mentions
  • 1 very negative mentions
8/28/2023
  • 26 very positive mentions
  • 11 positive mentions
  • 3 negative mentions
  • 3 very negative mentions
9/27/2023
  • 19 very positive mentions
  • 15 positive mentions
  • 6 negative mentions
  • 5 very negative mentions
10/27/2023
  • 7 very positive mentions
  • 7 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
11/26/2023
  • 21 very positive mentions
  • 10 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
12/26/2023
  • 15 very positive mentions
  • 28 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
1/25/2024
  • 21 very positive mentions
  • 11 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
2/24/2024

Current Sentiment

  • 21 very positive mentions
  • 11 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Hormel Foods logo
Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others. It sells its products under the HORMEL, ALWAYS TENDER, APPLEGATE, AUSTIN BLUES, BACON 1, BLACK LABEL, BREAD READY, BURKE, CAFÉ H, CERATTI, CHI-CHI'S, COLUMBUS, COMPLEATS, CORN NUTS, CURE 81, DAN'S PRIZE, DI LUSSO, DINTY MOORE, DON MIGUEL, DOÑA MARIA, EMBASA, FAST N EASY, FIRE BRAISED, FONTANINI, HAPPY LITTLE PLANTS, HERDEZ, HORMEL GATHERINGS, HORMEL SQUARE TABLE, HORMEL VITAL CUISINE, HOUSE OF TSANG, JENNIE-O, JUSTIN'S, LA VICTORIA, LAYOUT, LLOYD'S, MARY KITCHEN, MR. PEANUT, NATURAL CHOICE, NUT-RITION, OLD SMOKEHOUSE, OVEN READY, PILLOW PACK, PLANTERS, ROSA GRANDE, SADLER'S SMOKEHOUSE, SKIPPY, SPAM, SPECIAL RECIPE, THICK & EASY, VALLEY FRESH, AND WHOLLY brands through sales personnel, 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: $30.51
Low: $30.13
High: $30.75

50 Day Range

MA: $30.88
Low: $28.72
High: $32.80

52 Week Range

Now: $30.51
Low: $28.51
High: $45.27

Volume

4,050,712 shs

Average Volume

3,233,511 shs

Market Capitalization

$16.68 billion

P/E Ratio

20.90

Dividend Yield

3.73%

Beta

0.24

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, Citigroup Inc., Credit Suisse Group AG, JPMorgan Chase & Co., Piper Sandler, Stephens, StockNews.com, The Goldman Sachs Group, Inc., and TheStreet.
View the latest analyst ratings for HRL.

What is the current price target for Hormel Foods?

8 Wall Street analysts have set twelve-month price targets for Hormel Foods in the last year. Their average twelve-month price target is $36.50, suggesting a possible upside of 19.6%. Stephens has the highest price target set, predicting HRL will reach $47.00 in the next twelve months. The Goldman Sachs Group, Inc. has the lowest price target set, forecasting a price of $26.00 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 2 sell ratings and 5 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Reduce."
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. Learn More about contacing Hormel Foods investor relations.