Hormel Foods Corporation which can be found using ticker (HRL) now have 7 confirmed analysts covering the stock with the consensus suggesting a rating of ‘hold’. The target price High/Low ranges between $35.00 and $28.00 calculating the mean target share price we have $32.29. (at the time of writing). Given that the stocks previous close was at $33.72 this now indicates there is a potential downside of -4.2%. Also worth taking note is the 50 day moving average now sits at $31.39 and the 200 day moving average is $35.32. The market capitalization for the company is 18.70B. The stock price is currently at: $34.14 USD
The potential market cap would be $17,905,119,060 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 23.54, revenue per share of $22.20 and a 4.91% 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.
