A share price of Hormel Foods Corp [HRL] is currently trading at $31.62, up 0.60%. 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 gain 6.36% over the last week, with a monthly amount glided 2.20%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Hormel Foods Corp [NYSE: HRL] stock has seen the most recent analyst activity on October 21, 2024, when Exane BNP Paribas initiated its Underperform rating and assigned the stock a price target of $28. On August 13, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $37 on the stock. JP Morgan upgraded its rating to a Neutral and increased its price target to $29 on May 31, 2024. Citigroup initiated its recommendation with a Neutral and recommended $31 as its price target on February 01, 2024. Argus downgraded its rating to Hold for this stock on March 30, 2023. In a note dated March 03, 2023, JP Morgan downgraded an Underweight rating on this stock and revised its target price from $47 to $38.
Hormel Foods Corp experienced fluctuations in its stock price throughout the past year between $28.51 and $36.86. Currently, Wall Street analysts expect the stock to reach $42.86 within the next 12 months. Hormel Foods Corp [NYSE: HRL] shares were valued at $31.62 at the most recent close of the market. An investor can expect a potential return of 35.55% based on the average HRL price forecast.
Analyzing the HRL fundamentals
Trailing Twelve Months sales for Hormel Foods Corp [NYSE:HRL] were 11.98B which represents -2.19% decline. 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 of0.36.
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 31.33 points at the first support level, and at 31.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.81, and for the 2nd resistance point, it is at 31.99.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Hormel Foods Corp [NYSE:HRL] is 2.29. Also, the Quick Ratio is 1.03, while the Cash Ratio stands at 0.41. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 2.20 and price to earnings (TTM) ratio is 22.21.
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.
