Hormel Foods Corp. [HRL] stock is trading at $31.66, down -0.13%. 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 1.57% over the last week, with a monthly amount drifted -2.73%, 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 August 13, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $37 from $33. Previously, JP Morgan upgraded its rating to Neutral on May 31, 2024, and elevated its price target to $29. On February 01, 2024, Citigroup initiated with a Neutral rating and assigned a price target of $31 on the stock. Argus downgraded its rating to a Hold. JP Morgan downgraded its rating to a Underweight and reduced its price target to $38 on March 03, 2023. Goldman downgraded its rating to Sell for this stock on March 15, 2022, but kept the price target unchanged to $44. In a note dated March 10, 2022, Argus upgraded an Buy rating on this stock but restated the target price of $57.
Hormel Foods Corp. [HRL] stock has fluctuated between $28.51 and $38.27 over the past year. Currently, Wall Street analysts expect the stock to reach $45.33 within the next 12 months. Hormel Foods Corp. [NYSE: HRL] shares were valued at $31.66 at the most recent close of the market. An investor can expect a potential return of 43.18% based on the average HRL price forecast.
Analyzing the HRL fundamentals
Hormel Foods Corp. [NYSE:HRL] reported sales of 11.98B for the trailing twelve months, which represents a drop of -2.19%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.36.
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 31.40 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 31.86, and for the 2nd resistance point, it is at 32.06.
Ratios To Look Out For
For context, Hormel Foods Corp.’s Current Ratio is 2.29. Further, the Quick Ratio stands at 1.03, while the Cash Ratio is 0.41. 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 22.24.
Transactions by insiders
Recent insider trading involved LYKKEN STEVEN J, GROUP VICE PRESIDENT, that happened on Sep 27 ’24 when 9800.0 shares were sold. Officer, LYKKEN STEVEN J completed a deal on Sep 27 ’24 to buy 9800.0 shares. Meanwhile, SENIOR VICE PRESIDENT Myers Kevin L sold 10000.0 shares on Sep 18 ’24.
