Hormel Foods Corp. [HRL] stock is trading at $30.74, up 0.85%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HRL shares have gain 0.52% over the last week, with a monthly amount drifted -14.82%, 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 May 31, 2024, when JP Morgan upgraded its rating to a Neutral and also boosted its price target to $29 from $28. Previously, Citigroup started tracking the stock with Neutral rating on February 01, 2024, and set its price target to $31. On March 30, 2023, downgrade downgraded it’s rating to Hold. JP Morgan downgraded its rating to a Underweight and decreased its price target to $38 on March 03, 2023. Goldman downgraded its rating to a Sell but $44 remained the price target by the analyst firm on March 15, 2022. Argus upgraded its rating to Buy for this stock on March 10, 2022, but kept the price target unchanged to $57. In a note dated October 08, 2021, JP Morgan upgraded an Neutral rating on this stock but restated the target price of $42.
Hormel Foods Corp. [HRL] stock has fluctuated between $28.51 and $41.73 over the past year. Currently, Wall Street analysts expect the stock to reach $46.8 within the next 12 months. Hormel Foods Corp. [NYSE: HRL] shares were valued at $30.74 at the most recent close of the market. An investor can expect a potential return of 52.24% based on the average HRL price forecast.
Analyzing the HRL fundamentals
Hormel Foods Corp. [NYSE:HRL] reported sales of 12.05B for the trailing twelve months, which represents a drop of -3.03%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, 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 of0.48.
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 30.39 points at the first support level, and at 30.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.96, and for the 2nd resistance point, it is at 31.18.
Ratios To Look Out For
For context, Hormel Foods Corp.’s Current Ratio is 1.73. In addition, the Quick Ratio stands at 1.00 and the Cash Ratio stands at 0.64. Considering the valuation of this stock, the price to sales ratio is 1.40, the price to book ratio is 2.14 and price to earnings (TTM) ratio is 21.98.
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.
