A share price of Hormel Foods Corporation [HRL] is currently trading at $37.95, down -0.60%. An important factor to consider is whether the stock is rising or falling in short-term value. The HRL shares have lost -3.09% over the last week, with a monthly amount drifted -16.43%, and not seem to be holding up well over a long-time horizon.
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On 22, March 2023, Sit Back, Relax and Enjoy National Chip and Dip Day with Hormel Foods. In a post published today on Yahoo Finance, In honor of National Chip and Dip Day on March 23, who better to celebrate with than Hormel Foods? Hormel Foods Corporation (NYSE: HRL), the Fortune 500 global-branded food company, is leading the way in commemorating the fun occasion with a wide range of delicious, dippable combinations that all snack lovers can enjoy.
From an analyst’s perspective:
Hormel Foods Corporation [NYSE: HRL] stock has seen the most recent analyst activity on March 03, 2023, when JP Morgan downgraded its rating to a Underweight and also revised its price target to $38 from $47. Previously, Goldman downgraded its rating to Sell on March 15, 2022, and kept the price target unchanged to $44. On March 10, 2022, upgrade upgraded it’s rating to Buy but maintained its price target of $57 on the stock. JP Morgan upgraded its rating to a Neutral but stick to its price target of $42 on October 08, 2021. Argus downgraded its rating to a Hold. In a note dated July 17, 2020, Argus initiated an Buy rating.
Hormel Foods Corporation experienced fluctuations in its stock price throughout the past year between $38.17 and $55.11. Currently, Wall Street analysts expect the stock to reach $42.66 within the next 12 months. Hormel Foods Corporation [NYSE: HRL] shares were valued at $37.95 at the most recent close of the market. An investor can expect a potential return of 12.41% based on the average HRL price forecast.
Analyzing the HRL fundamentals
The company generates $622,940 in revenue per employee, while its income per employee is $49,999. Gross Margin for this corporation currently stands at +17.09% with Operating Margin at +10.04%, Pretax Margin comes in at +10.26%, and Net Margin reading is +8.03%. To continue investigating profitability, this company’s Return on Assets is posted at 7.69, Equity is 13.79, Total Capital is 11.74, and Invested Capital is 9.42. An extended look at the Principal structure reveals enduring liabilities to the total capital of 30.94 and enduring liabilities to assets of 25.37.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 37.71 points at the first support level, and at 37.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.26, and for the 2nd resistance point, it is at 38.58.
Hormel Foods Corporation [HRL] reported earnings per share of $0.51 for its fiscal quarter that ended on 10/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.5/share, meaning a difference of $0.01 and a surprise factor of 2.00%. By comparison, the stated earnings for the previous quarter ended on 7/30/2022 were $0.4 per share as compared to estimates of $0.41 per share, a difference of -$0.01 representing a surprise of -2.40%.
Ratios To Look Out For
A current ratio of 2.30 is a noteworthy aspect of Hormel Foods Corporation [NYSE:HRL]. On the other hand, the Quick Ratio is 1.30, and the Cash Ratio is 0.68. Considering the valuation of this stock, the price to sales ratio is 2.07, the price to book ratio is 3.40 and the P/E (TTM) ratio is 21.34.
Transactions by insiders
The next item on our agenda is insider trading, which has seen 11 insider purchases totaling 79,402 shares and 0 insider sales totaling 0 shares over the past 3 months. Recent insider trading involved Connor Patrick J, GROUP VICE PRESIDENT, that happened on Dec 14 when 1577.0 shares were sold. CHAIRMAN, PRESIDENT AND CEO, Snee James P completed a deal on Dec 08 to sell 31283.0 shares. Meanwhile, SENIOR VICE PRESIDENT Myers Kevin L sold 5000.0 shares on Sep 09.