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.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
03/01/2024 | HRL | Buy Now | Hormel Foods | $34.89 | -19.75% | JP Morgan | Thomas Palmer | $27 → $28 | Maintains | Underweight | Get Alert |
03/01/2024 | HRL | Buy Now | Hormel Foods | $34.89 | 0.32% | Barclays | Benjamin Theurer | $33 → $35 | Maintains | Equal-Weight | Get Alert |
03/01/2024 | HRL | Buy Now | Hormel Foods | $34.89 | -19.75% | Goldman Sachs | Adam Samuelson | $26 → $28 | Maintains | Sell | Get Alert |
02/01/2024 | HRL | Buy Now | Hormel Foods | $34.89 | -11.15% | Citigroup | Thomas Palmer | → $31 | Initiates | → Neutral | Get Alert |
01/12/2024 | HRL | Buy Now | Hormel Foods | $34.89 | -5.42% | Piper Sandler | Michael Lavery | $31 → $33 | Maintains | Neutral | Get Alert |
11/30/2023 | HRL | Buy Now | Hormel Foods | $34.89 | -25.48% | Goldman Sachs | Adam Samuelson | $29 → $26 | Maintains | Sell | Get Alert |
10/16/2023 | HRL | Buy Now | Hormel Foods | $34.89 | -11.15% | JP Morgan | Thomas Palmer | $36 → $31 | Maintains | Underweight | Get Alert |
10/13/2023 | HRL | Buy Now | Hormel Foods | $34.89 | 0.32% | Piper Sandler | Michael Lavery | $41 → $35 | Maintains | Neutral | Get Alert |
10/13/2023 | HRL | Buy Now | Hormel Foods | $34.89 | -16.88% | Goldman Sachs | Adam Samuelson | $33 → $29 | Maintains | Sell | Get Alert |
06/01/2023 | HRL | Buy Now | Hormel Foods | $34.89 | 20.38% | Barclays | Benjamin Theurer | $45 → $42 | Maintains | Equal-Weight | Get Alert |
04/12/2023 | HRL | Buy Now | Hormel Foods | $34.89 | 23.24% | Piper Sandler | Paul Newsome | $44 → $43 | Maintains | Neutral | Get Alert |
03/30/2023 | HRL | Buy Now | Hormel Foods | $34.89 | — | Argus Research | John Staszak | — | Downgrade | Buy → Hold | Get Alert |
03/06/2023 | HRL | Buy Now | Hormel Foods | $34.89 | 34.71% | Stephens & Co. | Ben Bienvenu | $52 → $47 | Maintains | Equal-Weight | Get Alert |
03/03/2023 | HRL | Buy Now | Hormel Foods | $34.89 | 17.51% | Credit Suisse | Robert Moskow | $44 → $41 | Maintains | Neutral | Get Alert |
03/03/2023 | HRL | Buy Now | Hormel Foods | $34.89 | 8.91% | JP Morgan | Thomas Palmer | $47 → $38 | Downgrade | Neutral → Underweight | Get Alert |
12/30/2022 | HRL | Buy Now | Hormel Foods | $34.89 | 54.77% | Argus Research | Taylor Conrad | $53 → $54 | Maintains | Buy | Get Alert |
12/01/2022 | HRL | Buy Now | Hormel Foods | $34.89 | 34.71% | JP Morgan | Thomas Palmer | $48 → $47 | Maintains | Neutral | Get Alert |
09/22/2022 | HRL | Buy Now | Hormel Foods | $34.89 | 51.91% | Argus Research | John Staszak | $54 → $53 | Maintains | Buy | Get Alert |
09/02/2022 | HRL | Buy Now | Hormel Foods | $34.89 | 34.71% | Piper Sandler | Michael Lavery | $48 → $47 | Maintains | Neutral | Get Alert |
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.
The latest analyst rating for Hormel Foods (NYSE: HRL) was provided by JP Morgan, and Hormel Foods maintained their underweight rating.
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.
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.
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.
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.
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