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.
Current Consensus is
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.
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.