A share price of Hormel Foods Corp. [HRL] is currently trading at $31.79, down -1.37%. An important factor to consider is whether the stock is rising or falling in short-term value. The HRL shares have gain 2.65% over the last week, with a monthly amount glided 4.68%, 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 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. 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 $46.8 within the next 12 months. Hormel Foods Corp. [NYSE: HRL] shares were valued at $31.79 at the most recent close of the market. An investor can expect a potential return of 47.22% based on the average HRL price forecast.
Analyzing the HRL fundamentals
Trailing Twelve Months sales for Hormel Foods Corp. [NYSE:HRL] were 12.05B which represents -3.03% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.48.
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 31.47 points at the first support level, and at 31.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.28, and for the 2nd resistance point, it is at 32.76.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Hormel Foods Corp. [NYSE:HRL] is 1.73. On the other hand, the Quick Ratio is 1.00, and the Cash Ratio is 0.64. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 2.21 and price to earnings (TTM) ratio is 22.73.
Transactions by insiders
Recent insider trading involved Losness-Larson Katherine M, SENIOR VICE PRESIDENT, that happened on Jun 27 ’24 when 830.0 shares were purchased. GROUP VICE PRESIDENT, Ourada Mark J completed a deal on Apr 02 ’24 to sell 13800.0 shares. Meanwhile, Director Murano Elsa A sold 4300.0 shares on Apr 02 ’24.
