Hormel Foods (HRL) Stock Forecast & Price Target

$31.90 -0.25 (-0.78%)

(As of 12/18/2024 05:45 PM ET)

Hormel Foods - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 7 Analyst Ratings

Sell
2

Hold
4

Buy
1

Based on 7 Wall Street analysts who have issued ratings for Hormel Foods in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 7 analysts, 2 have given a sell rating, 4 have given a hold rating, and 1 has given a buy rating for HRL.

Consensus Price Target

$31.29
-1.93% Downside

According to the 7 analysts' twelve-month price targets for Hormel Foods, the average price target is $31.29. The highest price target for HRL is $35.00, while the lowest price target for HRL is $28.00. The average price target represents a forecasted downside of -1.93% from the current price of $31.90.

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HRL Analyst Ratings Over Time

Type	Current Forecast 12/20/23 to 12/19/24	1 Month Ago 11/20/23 to 11/19/24	3 Months Ago 9/21/23 to 9/20/24	1 Year Ago 12/20/22 to 12/20/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	0 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$31.29	$31.29	$32.33	$39.63
Forecasted Upside	-1.93% Downside	5.18% Upside	1.77% Upside	26.07% Upside
Consensus Rating	Reduce	Reduce	Hold	Reduce

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HRL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

HRL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Hormel Foods Stock vs. The Competition

Type	Hormel Foods	Consumer Staples Companies	S&P 500
Consensus Rating Score	1.86	2.50	2.51
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside	-1.93% Downside	43.55% Upside	14.68% Upside
News Sentiment Rating	Positive News See Recent HRL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/19/2024	Citigroup 3 of 5 stars	T. Palmer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$36.00 ➝ $35.00	+18.89%
10/21/2024	BNP Paribas 3 of 5 stars	M. Gumport Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Underperform	$28.00	-13.02%
10/3/2024	Stephens 4 of 5 stars	P. Sharma Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Equal Weight	$31.00	-1.71%
5/31/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Neutral	$28.00 ➝ $29.00	-5.81%
3/1/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$26.00 ➝ $28.00	-20.63%
3/1/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$33.00 ➝ $35.00	-0.79%
Get the Latest News and Ratings for HRL and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Hormel Foods and its competitors with MarketBeat's FREE daily newsletter.
1/12/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$31.00 ➝ $33.00	+4.36%
3/30/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
3/6/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$45.00 ➝ $41.00	+0.91%
3/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$44.00 ➝ $41.00	-1.98%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 01:14 AM ET.

Should I Buy Hormel Foods Stock? HRL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, December 12, 2024. Please send any questions or comments about these Hormel Foods pros and cons to contact@marketbeat.com.

Hormel Foods
Bull Case

Here are some ways that investors could benefit from investing in Hormel Foods Co.:

The company recently increased its quarterly dividend to $0.29 per share, reflecting a commitment to returning value to shareholders. This translates to an annualized dividend of $1.16, which offers a dividend yield of 3.57%, making it attractive for income-focused investors.
Hormel Foods Co. has a relatively stable dividend payout ratio of 77.40%, indicating that it retains a healthy portion of its earnings for reinvestment while still rewarding shareholders, which can be a sign of financial health.
Analysts have set a consensus target price of $31.29 for the stock, suggesting potential upside from the current trading levels, which can attract investors looking for growth opportunities.
Despite a slight decline in quarterly revenue of 1.9% compared to the same quarter last year, the company is expected to post earnings per share of 1.65 for the current year, indicating resilience and potential for recovery.
Hormel Foods Co. operates through multiple segments, including Retail, Foodservice, and International, which diversifies its revenue streams and reduces reliance on any single market, enhancing stability.

Hormel Foods
Bear Case

Investors should be bearish about investing in Hormel Foods Co. for these reasons:

Recent analyst ratings show mixed sentiments, with two analysts issuing sell ratings and only one buy rating, which may indicate a lack of confidence in the stock's short-term performance.
The company's revenue decline of 1.9% year-over-year could signal underlying challenges in its business operations or market conditions, which may concern potential investors.
With a dividend payout ratio of 79.45% reported in some analyses, there may be concerns about the sustainability of the dividend if earnings do not improve, as a high payout ratio can limit growth investments.
Analysts from BNP Paribas have issued an "underperform" rating with a price target of $28.00, suggesting that the stock may not perform well compared to its peers, which could deter investors.
Institutional ownership stands at 40.99%, which, while significant, may indicate that a large portion of the stock is held by a few entities, potentially leading to volatility if these investors decide to sell.

HRL Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Hormel Foods is $31.29, with a high forecast of $35.00 and a low forecast of $28.00.
: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 2 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" HRL shares.
: According to analysts, Hormel Foods's stock has a predicted downside of -1.93% based on their 12-month stock forecasts.
: Hormel Foods has been rated by research analysts at BNP Paribas, Citigroup, and Stephens in the past 90 days.
: Analysts like Hormel Foods less than other "consumer staples" companies. The consensus rating for Hormel Foods is Reduce while the average consensus rating for "consumer staples" companies is Hold. Learn more on how HRL compares to other companies.

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This page (NYSE:HRL) was last updated on 12/19/2024 by MarketBeat.com Staff

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Hormel Foods (HRL) Stock Forecast & Price Target