A share price of Hormel Foods Corp. [HRL] is currently trading at $34.04, up 0.68%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HRL shares have lost -2.10% over the last week, with a monthly amount drifted -0.90%, and not 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. experienced fluctuations in its stock price throughout the past year between $28.51 and $41.73. 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 $34.04 at the most recent close of the market. An investor can expect a potential return of 50.56% based on the average HRL price forecast.
Analyzing the HRL fundamentals
Trailing Twelve Months sales for Hormel Foods Corp. [NYSE:HRL] were 12.14B which represents 0.87% growth. 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 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.42.
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 33.79 points at the first support level, and at 33.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.26, and for the 2nd resistance point, it is at 34.48.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Hormel Foods Corp. [NYSE:HRL] is 1.49. Also, the Quick Ratio is 0.79, while the Cash Ratio stands at 0.43. Considering the valuation of this stock, the price to sales ratio is 1.54, the price to book ratio is 2.38 and price to earnings (TTM) ratio is 23.49.
Transactions by insiders
Recent insider trading involved Ourada Mark J, GROUP VICE PRESIDENT, that happened on Apr 02 ’24 when 13800.0 shares were sold. Director, Murano Elsa A completed a deal on Apr 02 ’24 to sell 4300.0 shares. Meanwhile, GROUP VICE PRESIDENT Coffey Mark A sold 15400.0 shares on Mar 28 ’24.
