Hormel Foods Corporation (HRL) : Zacks Investment Research ranks Hormel Foods Corporation (HRL) as 3, which is a Hold recommendation. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 3.2, which indicates as a Hold.
Hormel Foods Corporation (HRL) : The highest level Hormel Foods Corporation (HRL) is projected to reach is $39 for the short term and the lowest estimate is at $26. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $34.67 and the possibility the share price can swing is $5.23.
Company shares have received an average consensus rating of Hold for the current week Hormel Foods Corporation (NYSE:HRL): The stock opened at $36.83 on Thursday but the bulls could not build on the opening and the stock topped out at $36.93 for the day. The stock traded down to $36.28 during the day, due to lack of any buying support eventually closed down at $36.43 with a loss of -0.92% for the day. The stock had closed at $36.77 on the previous day. The total traded volume was 1,712,999 shares.
In a related news, Pippins Dakota A, Director of HORMEL FOODS CORP /DE/, unloaded 5,000 shares at an average price of $36.74 on July 1, 2016. The total amount of the transaction was worth $183,700, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.