At the time of writing, Hormel Foods Corp [HRL] stock is trading at $30.94, up 1.91%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HRL shares have gain 5.74% over the last week, with a monthly amount glided 8.07%, 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.
For the past year, the stock price of Hormel Foods Corp fluctuated between $27.59 and $36.86. Currently, Wall Street analysts expect the stock to reach $30.5 within the next 12 months. Hormel Foods Corp [NYSE: HRL] shares were valued at $30.94 at the most recent close of the market. An investor can expect a potential drop of -1.42% based on the average HRL price forecast.
Analyzing the HRL fundamentals
According to Hormel Foods Corp [NYSE:HRL], the company’s sales were 11.91B for trailing twelve months, which represents an -0.27% plunge. 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 0.06, Equity is 0.09 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.25.
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 30.56 points at the first support level, and at 30.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.28, and for the 2nd resistance point, it is at 31.61.
Ratios To Look Out For
It is important to note that Hormel Foods Corp [NYSE:HRL] has a current ratio of 2.45. As well, the Quick Ratio is 1.31, while the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 1.43, the price to book ratio is 2.12 and price to earnings (TTM) ratio is 22.46.
Transactions by insiders
Recent insider trading involved Murano Elsa A, Director, that happened on Mar 27 ’25 when 4500.0 shares were sold. Director, Murano Elsa A completed a deal on Mar 27 ’25 to buy 4500.0 shares. Meanwhile, GROUP VICE PRESIDENT LYKKEN STEVEN J bought 4904.0 shares on Dec 06 ’24.
