Hormel Foods Corporation with ticker code (HRL) now have 7 market analysts covering the stock. The analyst consensus now points to a rating of ‘hold’. The target price High/Low ranges between 45.1 and 34 with the average target price sitting at $41.73. Given that the stocks previous close was at $39.29 and the analysts are correct then there would likely be a percentage uptick in value of 6.2%. Also worth taking note is the 50 day moving average now sits at $40.33 and the 200 day moving average is $42.49. The market cap for the company is 21.27B. The current share price for the company is: 38.94 USD
The potential market cap would be $22,592,697,333 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 22.91, revenue per share of 22.46 and a 5.66% return on assets.
Hormel Foods Corporation is a global manufacturer and marketer of branded food products. The Company develops, processes, and distributes a range of food products in a variety of markets. The Company operates through three segments: Retail, Foodservice, and International. The Retail segment is primarily engaged in the processing, marketing, and sale of food products sold predominantly in the retail market. This segment also includes the Company’s MegaMex Foods, LLC joint venture. The Foodservice segment is primarily engaged in the processing, marketing, and sale of food and nutritional products for foodservice, convenience store, and commercial customers. The International segment processes, markets, and sells its products internationally. Its products include Hormel Black Label bacon, Columbus charcuterie, Hormel chili, Hormel pepperoni, Applegate breaded chicken, Herdez products, Hormel Square Table entrees, Cafe H sliced meats, Austin Blues sliced meats and Mary Kitchen hash.
