Hormel Foods (HRL) Stock Forecast & Price Target

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$34.75

+0.37 (+1.08%)

(As of 04/19/2024 ET)

Hormel Foods Consensus Analyst Rating and Stock Price Forecast (2024)

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.

Analysts' Consensus Rating

Reduce
Based on 5 Analyst Ratings

Analysts' Consensus Price Target

$31.00
-10.79% Downside

High Forecast	$35.00
Average Forecast	$31.00
Low Forecast	$28.00

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
Consensus Rating	Reduce	Reduce	Reduce	Reduce
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)
Hold	3 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$31.00	$31.00	$37.29	$44.14
Predicted Upside	-10.79% Downside	-6.76% Downside	3.51% Upside	6.20% Upside

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HRL Analyst Ratings 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	1.60	2.43	2.49
Consensus Rating	Reduce	Hold	Hold
Predicted Upside	-10.79% Downside	887.39% Upside	11.90% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
3/1/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underweight ➝ Underweight	$27.00 ➝ $28.00	-16.86%
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%
2/1/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$31.00	+2.07%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 07:00 PM ET.

HRL Price Target - Frequently Asked Questions

What is Hormel Foods's consensus rating and price target?: According to the issued ratings of 5 analysts in the last year, the consensus rating for Hormel Foods stock is Reduce based on the current 2 sell ratings and 3 hold ratings for HRL. The average twelve-month price prediction for Hormel Foods is $31.00 with a high price target of $35.00 and a low price target of $28.00. Learn more on HRL's analyst rating history.
Do Wall Street analysts like Hormel Foods more than its competitors?: 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.
Does Hormel Foods's stock price have much downside?: According to analysts, Hormel Foods's stock has a predicted downside of -6.76% based on their 12-month stock forecasts.

What analysts cover Hormel Foods?: Hormel Foods has been rated by Barclays, Citigroup, JPMorgan Chase & Co., and The Goldman Sachs Group in the past 90 days.

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This page (NYSE:HRL) was last updated on 4/19/2024 by MarketBeat.com Staff

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Hormel Foods (HRL) Stock Forecast & Price Target

Hormel Foods Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

HRL Analyst Ratings By Month

HRL Price Targets by Month

Hormel Foods Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

HRL Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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