Hormel Foods
(NYSE:HRL)
$34.89
0.04[0.11%]
At close: Mar 28
$34.89
0[0.00%]
After Hours: 4:20PM EDT
The dividend Ex-Date is in 15 days
Consensus Rating1
Neutral
Highest Price Target1
$54.00
Lowest Price Target1
$28.00
Consensus Price Target1
$34.73

Hormel Foods Stock (NYSE:HRL), Analyst Ratings, Price Targets, Predictions

Hormel Foods Corp has a consensus price target of $34.73, established from looking at the 29 latest analyst ratings. The last 3 analyst ratings were released from JP Morgan, Barclays, and Goldman Sachs on March 1, 2024. With an average price target of $30.33 between JP Morgan, Barclays, and Goldman Sachs, there's an implied -13.06% downside for Hormel Foods Corp from these 3 analyst ratings.

Analyst Rating Summary1

Analyst Ratings
Oct 23
1
2
Nov 23
1
Jan
1
Feb
1
Mar
1
2
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

JP Morgan
Barclays
Goldman Sachs
Citigroup
Piper Sandler

1calculated from analyst ratings published within the last 3 years

Analyst Ratings for Hormel Foods

date
ticker
Buy Now
Company
Current price
Upside/Downside
Analyst Firm
Analyst & % Accurate
Price Target Change
Rating Change
Previous / Current Rating
Get Alert
03/01/2024HRLBuy Now
Hormel Foods
$34.89-19.75%JP Morgan
Thomas Palmer
$27 → $28MaintainsUnderweightGet Alert
03/01/2024HRLBuy Now
Hormel Foods
$34.890.32%Barclays
Benjamin Theurer
$33 → $35MaintainsEqual-WeightGet Alert
03/01/2024HRLBuy Now
Hormel Foods
$34.89-19.75%Goldman Sachs
Adam Samuelson
$26 → $28MaintainsSellGet Alert
02/01/2024HRLBuy Now
Hormel Foods
$34.89-11.15%Citigroup
Thomas Palmer
→ $31Initiates → NeutralGet Alert
01/12/2024HRLBuy Now
Hormel Foods
$34.89-5.42%Piper Sandler
Michael Lavery
$31 → $33MaintainsNeutralGet Alert
11/30/2023HRLBuy Now
Hormel Foods
$34.89-25.48%Goldman Sachs
Adam Samuelson
$29 → $26MaintainsSellGet Alert
10/16/2023HRLBuy Now
Hormel Foods
$34.89-11.15%JP Morgan
Thomas Palmer
$36 → $31MaintainsUnderweightGet Alert
10/13/2023HRLBuy Now
Hormel Foods
$34.890.32%Piper Sandler
Michael Lavery
$41 → $35MaintainsNeutralGet Alert
10/13/2023HRLBuy Now
Hormel Foods
$34.89-16.88%Goldman Sachs
Adam Samuelson
$33 → $29MaintainsSellGet Alert
06/01/2023HRLBuy Now
Hormel Foods
$34.8920.38%Barclays
Benjamin Theurer
$45 → $42MaintainsEqual-WeightGet Alert
04/12/2023HRLBuy Now
Hormel Foods
$34.8923.24%Piper Sandler
Paul Newsome
$44 → $43MaintainsNeutralGet Alert
03/30/2023HRLBuy Now
Hormel Foods
$34.89Argus Research
John Staszak
DowngradeBuy → HoldGet Alert
03/06/2023HRLBuy Now
Hormel Foods
$34.8934.71%Stephens & Co.
Ben Bienvenu
$52 → $47MaintainsEqual-WeightGet Alert
03/03/2023HRLBuy Now
Hormel Foods
$34.8917.51%Credit Suisse
Robert Moskow
$44 → $41MaintainsNeutralGet Alert
03/03/2023HRLBuy Now
Hormel Foods
$34.898.91%JP Morgan
Thomas Palmer
$47 → $38DowngradeNeutral → UnderweightGet Alert
12/30/2022HRLBuy Now
Hormel Foods
$34.8954.77%Argus Research
Taylor Conrad
$53 → $54MaintainsBuyGet Alert
12/01/2022HRLBuy Now
Hormel Foods
$34.8934.71%JP Morgan
Thomas Palmer
$48 → $47MaintainsNeutralGet Alert
09/22/2022HRLBuy Now
Hormel Foods
$34.8951.91%Argus Research
John Staszak
$54 → $53MaintainsBuyGet Alert
09/02/2022HRLBuy Now
Hormel Foods
$34.8934.71%Piper Sandler
Michael Lavery
$48 → $47MaintainsNeutralGet Alert

FAQ

Q

What is the target price for Hormel Foods (HRL)?

A

The latest price target for Hormel Foods (NYSE: HRL) was reported by JP Morgan on March 1, 2024. The analyst firm set a price target for $28.00 expecting HRL to fall to within 12 months (a possible -19.75% downside). 12 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Hormel Foods (HRL)?

A

The latest analyst rating for Hormel Foods (NYSE: HRL) was provided by JP Morgan, and Hormel Foods maintained their underweight rating.

Q

When was the last upgrade for Hormel Foods (HRL)?

A

The last upgrade for Hormel Foods Corp happened on March 10, 2022 when Argus Research raised their price target to $57. Argus Research previously had a hold for Hormel Foods Corp.

Q

When was the last downgrade for Hormel Foods (HRL)?

A

The last downgrade for Hormel Foods Corp happened on March 30, 2023 when Argus Research changed their price target from N/A to N/A for Hormel Foods Corp.

Q

When is the next analyst rating going to be posted or updated for Hormel Foods (HRL)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Hormel Foods, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Hormel Foods was filed on March 1, 2024 so you should expect the next rating to be made available sometime around March 1, 2025.

Q

Is the Analyst Rating Hormel Foods (HRL) correct?

A

While ratings are subjective and will change, the latest Hormel Foods (HRL) rating was a maintained with a price target of $27.00 to $28.00. The current price Hormel Foods (HRL) is trading at is $34.89, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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