Hormel Foods Corp. [HRL] stock is trading at $33.77, up 1.20%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HRL shares have gain 10.90% over the last week, with a monthly amount glided 9.43%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Hormel Foods Corp. [NYSE: HRL] stock has seen the most recent analyst activity on February 01, 2024, when Citigroup initiated its Neutral rating and assigned the stock a price target of $31. Previously, Argus downgraded its rating to Hold on March 30, 2023. On March 03, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $38 on the stock. Goldman downgraded its rating to a Sell but stick to its price target of $44 on March 15, 2022. Argus upgraded its rating to a Buy but $57 remained the price target by the analyst firm on March 10, 2022. JP Morgan upgraded its rating to Neutral for this stock on October 08, 2021, but kept the price target unchanged to $42. In a note dated December 09, 2020, Argus downgraded an Hold rating on this stock.
Hormel Foods Corp. [HRL] stock has fluctuated between $28.51 and $42.62 over the past year. Currently, Wall Street analysts expect the stock to reach $51.25 within the next 12 months. Hormel Foods Corp. [NYSE: HRL] shares were valued at $33.77 at the most recent close of the market. An investor can expect a potential return of 51.76% based on the average HRL price forecast.
Analyzing the HRL fundamentals
Hormel Foods Corp. [NYSE:HRL] reported sales of 12.14B for the trailing twelve months, which represents a growth of 0.87%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.1 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.
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 33.40 points at the first support level, and at 33.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.99, and for the 2nd resistance point, it is at 34.20.
Hormel Foods Corp. [HRL] reported earnings per share of $0.41 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.33/share, meaning a difference of $0.08 and a surprise factor of 24.20%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.42 per share as compared to estimates of $0.44 per share, a difference of -$0.02 representing a surprise of -4.50%.
Ratios To Look Out For
For context, Hormel Foods Corp.’s Current Ratio is 1.49. Further, the Quick Ratio stands at 0.79, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 1.52, the price to book ratio is 2.36 and price to earnings (TTM) ratio is 23.31.
Transactions by insiders
Insider trading, which has resulted in 0 insider purchases of 0 shares and 1 insider sales of 8,105 shares in the past three months, is now the topic of our analysis. Recent insider trading involved NESTEGARD SUSAN K, Director, that happened on Dec 27 when 8105.0 shares were sold. SENIOR VICE PRESIDENT, Myers Kevin L completed a deal on Dec 21 to sell 5892.0 shares. Meanwhile, EXECUTIVE VICE PRESIDENT Brady Deanna T sold 5024.0 shares on Dec 19.
