Short Term Rating on Hormel Foods Corporation (HRL)

Hormel Foods Corporation (HRL) : 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Hormel Foods Corporation (HRL). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 5 Wall Street Analysts endorse the stock as a Sell with a rating of 3.6.

Hormel Foods Corporation (HRL) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $39 and the lowest price target forecast is $26. The average forecast of all the analysts is $34 and the expected standard deviation is $4.97.

Company shares have received an average consensus rating of Hold for the current week

Hormel

Hormel Foods Corporation (NYSE:HRL): The stock opened at $36.28 on Tuesday but the bulls could not build on the opening and the stock topped out at $36.45 for the day. The stock traded down to $36.18 during the day, due to lack of any buying support eventually closed down at $36.27 with a loss of -0.41% for the day. The stock had closed at $36.42 on the previous day. The total traded volume was 2,148,598 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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