Published On: Wed, Oct 19th, 2016

Recently Changed Price Targets On Hormel Foods Corporation (NYSE:HRL)


A number of investment brokers have recently updated their price targets on shares of Hormel Foods Corporation (NYSE:HRL).

Most recent broker ratings

09/27/2016 – Hormel Foods Corporation had its “outperform” rating reiterated by analysts at Credit Suisse. They now have a USD 43 price target on the stock.

09/16/2016 – Hormel Foods Corporation was upgraded to “buy” by analysts at Edward Jones.

09/15/2016 – Oppenheimer began new coverage on Hormel Foods Corporation giving the company a “perform” rating. They now have a USD 38 price target on the stock.

08/19/2016 – Hormel Foods Corporation was upgraded to “outperform” by analysts at BMO Capital Markets. They now have a USD 44 price target on the stock.

08/15/2016 – Hormel Foods Corporation had its “hold” rating reiterated by analysts at Deutsche Bank. They now have a USD 38 price target on the stock.

06/07/2016 – Hormel Foods Corporation had its “hold” rating reiterated by analysts at Jefferies. They now have a USD 34 price target on the stock.

04/13/2016 – Hormel Foods Corporation had its “underperform” rating reiterated by analysts at Credit Agricole.

04/05/2016 – Hormel Foods Corporation was downgraded to “underweight” by analysts at BB&T Capital Markets.

02/18/2016 – Hormel Foods Corporation was downgraded to “underperform” by analysts at CLSA.

02/17/2016 – Hormel Foods Corporation had its “neutral” rating reiterated by analysts at Goldman Sachs. They now have a USD 39 price target on the stock.

11/25/2015 – Hormel Foods Corporation was upgraded to “overweight” by analysts at Stephens.

10/19/2015 – Buckingham Research began new coverage on Hormel Foods Corporation giving the company a “neutral” rating. They now have a USD 68 price target on the stock.

03/04/2015 – Hormel Foods Corporation had its “neutral” rating reiterated by analysts at Zacks. They now have a USD 61 price target on the stock.

08/22/2014 – Hormel Foods Corporation had its “buy” rating reiterated by analysts at KeyBanc. They now have a USD 57 price target on the stock.

03/03/2014 – Hormel Foods Corporation was upgraded to “hold” by analysts at Thomson Reuters/Verus.

The share price of Hormel Foods Corporation (NYSE:HRL) was up +0.55% during the last trading session, with a day high of 38.52. 1360731 shares were traded on Hormel Foods Corporation’s last session.

The stock’s 50 day moving average is 37.54 and its 200 day moving average is 37.26. The stock’s market capitalization is 20.25B. Hormel Foods Corporation has a 52-week low of 32.92 and a 52-week high of 45.72.

Hormel Foods Corporation is a multinational manufacturer and marketer of food and meat products. The Company operates through five segments: Grocery Products, which consists of the processing, marketing and sale of shelf-stable food products sold 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 Corporation, which manufactures, markets and sells the Company products internationally.