NYSE:HRL - Hormel Foods Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $46.83
  • Forecasted Upside: -0.78 %
  • Number of Analysts: 8
  • Breakdown:
  • 1 Sell Ratings
  • 6 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$47.20
▲ +0.33 (0.70%)
1 month | 3 months | 12 months
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Analyst Price Target for HRL

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$46.83
▼ -0.78% Downside Potential
This price target is based on 8 analysts offering 12 month price targets for Hormel Foods in the last 3 months. The average price target is $46.83, with a high forecast of $56.00 and a low forecast of $44.00. The average price target represents a -0.78% upside from the last price of $47.20.
Hold
The current consensus among 8 contributing investment analysts is to hold stock in Hormel Foods. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 1 buy ratings
  • 7 hold ratings
  • 3 sell ratings
6/6/2019
  • 0 strong buy ratings
  • 1 buy ratings
  • 8 hold ratings
  • 2 sell ratings
9/4/2019
  • 0 strong buy ratings
  • 1 buy ratings
  • 7 hold ratings
  • 2 sell ratings
12/3/2019
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 2 sell ratings
3/2/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 7 hold ratings
  • 1 sell ratings
5/31/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 1 sell ratings
8/29/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 7 hold ratings
  • 0 sell ratings
10/28/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 7 hold ratings
  • 1 sell ratings
11/27/2020

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 6 hold ratings
  • 1 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/25/2020Bank of AmericaLower Price TargetUnderperform$45.00 ➝ $44.00Low
i
10/7/2020OppenheimerReiterated RatingHoldMedium
i
9/8/2020Seaport Global SecuritiesInitiated CoverageNeutralMedium
i
Rating by E. Larson at Seaport Global Securities
7/17/2020ArgusInitiated CoverageBuy$56.00High
i
5/21/2020CfraBoost Price TargetHold$38.00 ➝ $45.00Low
i
4/28/2020Piper SandlerDowngradeOverweight ➝ Neutral$47.00Low
i
3/31/2020BarclaysBoost Price TargetEqual Weight$40.00 ➝ $44.00Low
i
3/26/2020The Goldman Sachs GroupUpgradeSell ➝ Neutral$35.00 ➝ $45.00High
i
3/9/2020CfraUpgradeSell ➝ Hold$38.00High
i
11/27/2019StephensReiterated RatingNeutral ➝ Hold$37.00 ➝ $43.00Medium
i
Rating by Ben Bienvenu at Stephens
10/25/2019Bank of AmericaInitiated CoverageUnderperform$40.00Low
i
8/23/2019BMO Capital MarketsSet Price TargetHold$44.00Low
i
Rating by Kenneth Zaslow at BMO Capital Markets
8/12/2019StephensSet Price TargetHold$37.00Medium
i
Rating by Ben Bienvenu at Stephens
6/12/2019Edward JonesDowngradeBuy ➝ HoldLow
i
5/24/2019Buckingham ResearchLower Price TargetNeutral$38.00 ➝ $35.00Low
i
5/23/2019Piper Jaffray CompaniesSet Price TargetBuy$46.00High
i
Rating by Michael Lavery at Piper Jaffray Companies
4/23/2019The Goldman Sachs GroupDowngradeNeutral ➝ Sell$37.00 ➝ $35.00High
i
4/23/2019JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$40.00 ➝ $36.00High
i
3/4/2019StephensInitiated CoverageEqual ➝ Equal WeightLow
i
2/21/2019Credit Suisse GroupReiterated RatingHold$39.00High
i
Rating by Robert Moskow at Credit Suisse Group AG
2/21/2019Jefferies Financial GroupReiterated RatingHold$44.00High
i
Rating by Akshay Jagdale at Jefferies Financial Group Inc.
11/27/2018Jefferies Financial GroupDowngradeBuy ➝ Hold$44.00Low
i
Rating by Akshay Jagdale at Jefferies Financial Group Inc.
11/21/2018Credit Suisse GroupSet Price TargetNeutral ➝ Hold$33.00 ➝ $39.00Low
i
Rating by Robert Moskow at Credit Suisse Group AG
11/21/2018BarclaysSet Price TargetHold$40.00Low
i
Rating by Benjamin Theurer at Barclays PLC
11/6/2018Vertical ResearchDowngradeHold ➝ SellLow
i
11/6/2018Piper Jaffray CompaniesSet Price TargetPositive ➝ Buy$50.00Low
i
Rating by Michael Lavery at Piper Jaffray Companies
9/28/2018JPMorgan Chase & Co.Initiated CoverageNeutral ➝ Neutral$41.00Medium
i
Rating by Thomas Plamer at JPMorgan Chase & Co.
9/17/2018BMO Capital MarketsDowngradeOutperform ➝ Market Perform$38.00 ➝ $44.00Medium
i
8/29/2018Jefferies Financial GroupReiterated RatingBuy$44.00Low
i
8/24/2018BarclaysDowngradeOverweight ➝ Equal Weight$38.00 ➝ $38.00Medium
i
Rating by Benjamin Theurer at Barclays PLC
8/16/2018Buckingham ResearchBoost Price TargetNeutral ➝ Neutral$32.00 ➝ $34.00High
i
7/25/2018MizuhoDowngradeNeutral ➝ Underperform$33.00High
i
7/17/2018StephensDowngradeOverweight ➝ Equal WeightMedium
i
5/31/2018Jefferies Financial GroupReiterated RatingBuy$42.00Medium
i
Rating by Akshay Jagdale at Jefferies Financial Group Inc.
5/25/2018Buckingham ResearchLower Price TargetNeutral ➝ Neutral$34.00 ➝ $32.00Low
i
2/27/2018Credit Suisse GroupLower Price TargetNeutral ➝ Neutral$36.00 ➝ $33.00Low
i
Rating by Robert Moskow at Credit Suisse Group AG
2/27/2018Piper Jaffray CompaniesReiterated RatingBuy$39.00Low
i
Rating by Brett Wong at Piper Jaffray Companies
2/25/2018Credit Suisse GroupReiterated RatingNeutralLow
i
Rating by Robert Moskow at Credit Suisse Group AG
2/23/2018BarclaysReiterated RatingOverweight ➝ Buy$40.00 ➝ $38.00Low
i
Rating by Benjamin Theurer at Barclays PLC
2/22/2018Jefferies Financial GroupReiterated RatingBuyLow
i
Rating by Akshay Jagdale at Jefferies Financial Group Inc.
2/14/2018Jefferies Financial GroupUpgradeHold ➝ Buy$30.00Medium
i
Rating by Akshay Jagdale at Jefferies Financial Group Inc.
1/4/2018Piper Jaffray CompaniesInitiated CoverageOverweight ➝ Overweight$42.00Low
i
Rating by Brett Wong at Piper Jaffray Companies
12/1/2017BarclaysSet Price TargetOverweight ➝ Overweight$40.00Low
i
Rating by Benjamin Theurer at Barclays PLC
11/30/2017Jefferies Financial GroupSet Price TargetHold$34.00Low
i
Rating by Akshay Jagdale at Jefferies Financial Group Inc.
11/25/2017MizuhoSet Price TargetHold$34.00Medium
i
Rating by Jeremy Scott at Mizuho
11/24/2017Credit Suisse GroupSet Price TargetHold$33.00N/A
i
Rating by Robert Moskow at Credit Suisse Group AG
11/6/2017BMO Capital MarketsReiterated RatingBuy$38.00N/A
i
11/3/2017Morgan StanleyInitiated CoverageUnderweight ➝ Underweight$26.00N/A
i
10/31/2017KeyCorpInitiated CoverageSector Weight ➝ HoldN/A
i
Rating by David Carlson at KeyCorp
10/29/2017Jefferies Financial GroupSet Price TargetHold$34.00N/A
i
10/19/2017StephensLower Price TargetOverweight$50.00 ➝ $38.00N/A
i
10/4/2017MizuhoReiterated RatingHold$33.00Low
i
8/26/2017Credit Suisse GroupDropped CoverageOutperform ➝ HoldN/A
i
Rating by Robert Moskow at Credit Suisse Group AG
8/25/2017BarclaysLower Price TargetOverweight ➝ Overweight$38.00 ➝ $35.00Low
i
Rating by Benjamin Theurer at Barclays PLC
8/25/2017BMO Capital MarketsReiterated RatingOutperform$45.00 ➝ $38.00Medium
i
8/25/2017Buckingham ResearchLower Price TargetNeutral$37.00 ➝ $33.00Medium
i
8/25/2017Credit Suisse GroupDowngradeOutperform ➝ Neutral$39.00 ➝ $33.00Medium
i
Rating by Robert Moskow at Credit Suisse Group AG
6/30/2017Jefferies Financial GroupReiterated RatingHold$34.00Low
i
6/16/2017StephensReiterated RatingOverweight$50.00Low
i
6/12/2017Jefferies Financial GroupReiterated RatingHold$34.00Low
i
6/7/2017MizuhoInitiated CoverageNeutral$35.00Medium
i
6/6/2017BarclaysInitiated CoverageOverweight ➝ Overweight$38.00Low
i
5/26/2017Credit Suisse GroupLower Price TargetBuy$41.00 ➝ $39.00N/A
i
Rating by Robert Moskow at Credit Suisse Group AG
3/30/2017BMO Capital MarketsReiterated RatingBuy$45.00Low
i
2/25/2017Credit Suisse GroupSet Price TargetBuy$41.00N/A
i
Rating by Robert Moskow at Credit Suisse Group AG
1/9/2017Piper Jaffray CompaniesInitiated CoverageOverweight$40.00N/A
i
12/1/2016KeyCorpInitiated CoverageSector WeightN/A
i
11/23/2016BMO Capital MarketsBoost Price TargetOutperform$34.00 ➝ $45.00N/A
i
11/23/2016Credit Suisse GroupSet Price TargetBuy$41.00N/A
i
Rating by Robert Moskow at Credit Suisse Group AG
9/27/2016Credit Suisse GroupReiterated RatingOutperform ➝ Outperform$43.00N/A
i
9/16/2016OppenheimerInitiated CoverageMarket Perform$39.00N/A
i
9/16/2016Edward JonesUpgradeHold ➝ BuyN/A
i
8/24/2016Edward JonesUpgradeHold ➝ BuyN/A
i
8/22/2016Credit Suisse GroupUpgradeNeutral ➝ Outperform$38.00 ➝ $43.00N/A
i
8/19/2016BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$44.00N/A
i
8/16/2016Deutsche Bank AktiengesellschaftReiterated RatingHold$38.00N/A
i
8/3/2016Jefferies Financial GroupReiterated RatingHoldN/A
i
Rating by Akshay Jagdale at Jefferies Financial Group Inc.
7/27/2016Jefferies Financial GroupBoost Price TargetHold$34.00 ➝ $38.00N/A
i
Rating by Akshay Jagdale at Jefferies Financial Group Inc.
6/7/2016Jefferies Financial GroupReiterated RatingHold$34.00N/A
i
Rating by Akshay Jagdale at Jefferies Financial Group Inc.
5/19/2016Jefferies Financial GroupReiterated RatingHold$43.00 ➝ $40.00N/A
i
Rating by Akshay Jagdale at Jefferies Financial Group Inc.
4/5/2016Truist FinancialDowngradeHold ➝ UnderweightN/A
i
Rating by H. Jones at Truist Financial Co.
2/17/2016Jefferies Financial GroupDowngradeBuy ➝ Hold$42.50 ➝ $43.00N/A
i
2/17/2016The Goldman Sachs GroupBoost Price TargetNeutral$34.50 ➝ $39.00N/A
i
2/17/2016Deutsche Bank AktiengesellschaftBoost Price TargetHold$38.00 ➝ $43.00N/A
i
Rating by Mario Contreras at Deutsche Bank Aktiengesellschaft
2/17/2016BMO Capital MarketsBoost Price TargetMarket Perform$41.00 ➝ $44.00N/A
i
2/10/2016Deutsche Bank AktiengesellschaftReiterated RatingHold$76.00N/A
i
Rating by Mario Contreras at Deutsche Bank Aktiengesellschaft
12/15/2015Jefferies Financial GroupInitiated CoverageBuy$42.50N/A
i
12/14/2015Deutsche Bank AktiengesellschaftDowngradeBuy ➝ Hold$38.00N/A
i
(Data available from 11/28/2015 forward)
Hormel Foods logo
Hormel Foods Corporation produces and markets various meat and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products, such as canned luncheon meats, peanut butters, chilies, shelf-stable microwaveable meals, hashes, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products. The company also provides turkey products; nutritional food products and supplements; dessert and drink mixes; and industrial gelatin products. It sells its products under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Wholly, Hormel, Black Label, Columbus, etc. brand names through sales personnel, as well as through independent brokers and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.
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Today's Range

Now: $47.20
$46.51
$47.22

50 Day Range

MA: $49.78
$46.87
$52.51

52 Week Range

Now: $47.20
$39.01
$52.97

Volume

1,144,080 shs

Average Volume

2,273,925 shs

Market Capitalization

$25.47 billion

P/E Ratio

27.60

Dividend Yield

1.98%

Beta

N/A