Hormel Foods Corporation (HRL) Receives Price Target

Hormel Foods Corporation (HRL) : 6 investment research analysts covering Hormel Foods Corporation (HRL) have an average price target of $38.58 for the near short term. The highest target price given by the Brokerage Firm to the stock is $44 and the lowest target is $32 for the short term. Analysts expect the variance to be within $4.05 of the average price.

Hormel Foods Corporation (HRL) : Zacks Investment Research ranks Hormel Foods Corporation (HRL) as 2, which is a Buy recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 2.5, which indicates as a Buy.

Hormel

Also, In a research note released to the investors, Edward Jones upgrades its rating on Hormel Foods Corporation (NYSE:HRL).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on August 24, 2016.

Hormel Foods Corporation (NYSE:HRL): The stock opened at $38.10 on Thursday but the bulls could not build on the opening and the stock topped out at $38.33 for the day. The stock traded down to $37.85 during the day, due to lack of any buying support eventually closed down at $38.21 with a loss of -0.13% for the day. The stock had closed at $38.26 on the previous day. The total traded volume was 2,024,330 shares.

Hormel Foods Corporation is a multinational manufacturer and marketer of food and meat products. The Company has five segments: Grocery Products, which consists of the processing, marketing and sale of shelf-stable food products sold primarily in the retail market; Refrigerated Foods, which consists of the processing, marketing and sale of branded and unbranded pork and beef products for retail, foodservice and fresh product customers; Jennie-O Turkey Store, which consists of the processing, marketing and sale of branded and unbranded turkey products for retail, foodservice and fresh product customers; Specialty Foods, which consists of the packaging and sale of private label shelf stable products, nutritional products, sugar and condiments to industrial, retail and foodservice customers, and International & Other, which includes the Hormel Foods International operating segment, which manufactures, markets and sells the Company products internationally.

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