Impact of Brokerage Rating on Hormel Foods Corporation(HRL)

Many Hormel Foods Corporation(HRL) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Hormel Foods Corp was Initiated by Piper Jaffray to Overweight on Jan 9, 2017. Hormel Foods Corp was Initiated by KeyBanc Capital Mkts to Sector Weight on Dec 2, 2016.

Company has reported several Insider transactions to the SEC, on Jan 6, 2017, Robert Nakasone (director) sold 18,502 shares at 35.90 per share price.On Jan 4, 2017, James M Splinter (Group Vice President) sold 400 shares at 35.29 per share price.On Dec 28, 2016, Dakota A Pippins (director) sold 2,000 shares at 35.22 per share price.

Hormel Foods Corp Last issued its quarterly earnings results on Nov 22, 2016. The company reported $0.45 EPS for the quarter. Analyst had a consensus estimate of $0.45. The company had revenue of $2627.90 million for the quarter, compared to analysts expectations of $2622.84 million. The companys revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Hormel Foods Corporation (NYSE:HRL) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 2.33 by 9 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 6 Brokerage Firms have advised hold.

Hormel Foods Corporation (NYSE:HRL): 7 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $39.29 in Hormel Foods Corporation (NYSE:HRL). However, the stock price could fluctuate by $ 2.87 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $45 price target with the lower price estimate is calculated at $36

Hormel Foods Corporation (NYSE:HRL) rose 0.91% or 0.34 points on Tuesday and made its way into the gainers of the day. After trading began at $37.18 the stock was seen hitting $37.6 as a peak level and $37.07 as the lowest level. The stock ended up at $37.59. The daily volume was measured at 1,833,479 shares. The 52-week high of the share price is $45.72 and the 52-week low is $33.18. The company has a market cap of $19,878 million.

Hormel Foods Corporation is a multinational manufacturer and marketer of consumer-branded meat and food products, many of which are among the best known and trusted in the food industry. Products manufactured by the corporation include hams, bacon, sausages, franks, canned luncheon meats, stews, chilies, hash, meat spreads, shelf-stable microwaveable entrees, salsas and frozen processed foods. These selections are sold to retail, foodservice and wholesale operations under many well-established trademarks some include BLACK LABEL, CHI-CHIS, DINTY MOORE, & HORMEL.


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