Hormel Foods (HRL) Stock Forecast, Price Target & Predictions
HRL Stock Forecast
Hormel Foods stock forecast is as follows: an average price target of $42.86 (represents a 41.83% upside from HRL’s last price of $30.22) and a rating consensus of 'Hold', based on 6 wall street analysts offering a 1-year stock forecast.
HRL Price Target
The average price target for Hormel Foods (HRL) is $42.86 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $55.00 to $28.00. This represents a potential 41.83% upside from HRL's last price of $30.22.
HRL Analyst Ratings
According to 6 Wall Street analysts, Hormel Foods's rating consensus is 'Hold'. The analyst rating breakdown for HRL stock is 0 'Strong Buy' (0.00%), 2 'Buy' (33.33%), 3 'Hold' (50.00%), 1 'Sell' (16.67%), and 0 'Strong Sell' (0.00%).
Hormel Foods Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 21, 2024 | Max Gumport | BNP Paribas | $28.00 | $32.19 | -13.02% | -7.35% |
| Sep 04, 2024 | Peter Galbo | Bank of America Securities | $30.00 | $31.01 | -3.26% | -0.73% |
| Aug 13, 2024 | Thomas Palmer | Coker Palmer | $37.00 | $31.25 | 18.40% | 22.44% |
| May 30, 2024 | Thomas Palmer | Coker Palmer | $29.00 | $30.79 | -5.81% | -4.04% |
| May 22, 2024 | Thomas Palmer | Coker Palmer | $35.00 | $35.47 | -1.33% | 15.82% |
| Dec 30, 2022 | - | Argus Research | $54.00 | $45.55 | 18.55% | 78.69% |
| Dec 01, 2022 | - | J.P. Morgan | $47.00 | $47.05 | -0.10% | 55.53% |
| Sep 22, 2022 | - | Argus Research | $53.00 | $46.83 | 13.18% | 75.38% |
| Aug 23, 2022 | - | Stephens | $55.00 | $50.72 | 8.44% | 82.00% |
| Dec 10, 2021 | Michael Lavery | Piper Sandler | $49.00 | $46.00 | 6.52% | 62.14% |
The latest Hormel Foods stock forecast, released on Oct 21, 2024 by Max Gumport from BNP Paribas, set a price target of $28.00, which represents a -13.02% decrease from the stock price at the time of the forecast ($32.19), and a -7.35% decrease from HRL last price ($30.22).
Hormel Foods Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 5 |
| Avg Price Target | $28.00 | $29.00 | $31.80 |
| Last Closing Price | $30.22 | $30.22 | $30.22 |
| Upside/Downside | -7.35% | -4.04% | 5.23% |
In the current month, the average price target of Hormel Foods stock is $28.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -7.35% decrease as opposed to Hormel Foods's last price of $30.22. This month's average price target is down -3.45% compared to last quarter, and down -11.95% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 18, 2024 | Citigroup | Buy | Buy | Hold |
| Oct 21, 2024 | Exane BNP Paribas | - | Underperform | Initialise |
| Sep 04, 2024 | Bank of America Securities | Underperform | Underperform | Hold |
| Aug 13, 2024 | Citigroup | Neutral | Buy | Upgrade |
| May 22, 2024 | Citigroup | Neutral | Neutral | Hold |
| Mar 01, 2024 | Goldman Sachs | Sell | Sell | Hold |
| Jan 12, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Mar 03, 2023 | Credit Suisse | Neutral | Neutral | Hold |
| Dec 30, 2022 | Argus Research | Buy | Buy | Hold |
| Sep 22, 2022 | Argus Research | Buy | Buy | Hold |
Hormel Foods's last stock rating was published by Citigroup on Nov 18, 2024. The company gave HRL a "Buy" rating, the same as its previous rate.
Hormel Foods Financial Forecast
Hormel Foods Revenue Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $3.00B | $3.20B | $2.96B | $2.98B | $2.97B | $3.28B | $3.03B | - | $3.04B | $3.45B | $2.86B | $2.61B | $2.46B | $2.42B | $2.38B | $2.42B | $2.38B | $2.50B | $2.29B |
| Avg Forecast | $3.29B | $3.02B | $3.02B | $3.13B | $3.22B | $2.96B | $2.97B | $3.04B | $3.15B | $2.95B | $2.97B | $2.91B | $3.26B | $3.04B | $3.06B | $3.07B | $3.38B | $3.02B | $3.07B | $2.92B | $3.22B | $2.73B | $2.41B | $2.37B | $2.59B | $2.37B | $2.39B | $2.37B | $2.51B | $2.30B |
| High Forecast | $3.32B | $3.05B | $3.05B | $3.15B | $3.25B | $2.99B | $3.00B | $3.06B | $3.17B | $2.95B | $2.97B | $2.91B | $3.35B | $3.07B | $3.08B | $3.10B | $3.40B | $3.05B | $3.09B | $2.94B | $3.25B | $2.75B | $2.43B | $2.39B | $2.61B | $2.38B | $2.40B | $2.39B | $2.53B | $2.31B |
| Low Forecast | $3.27B | $3.00B | $3.00B | $3.10B | $3.19B | $2.94B | $2.95B | $3.02B | $3.11B | $2.94B | $2.97B | $2.91B | $3.18B | $3.02B | $3.03B | $3.05B | $3.34B | $2.99B | $3.04B | $2.89B | $3.19B | $2.70B | $2.38B | $2.35B | $2.57B | $2.34B | $2.36B | $2.34B | $2.48B | $2.27B |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 3 | 5 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 8 | 5 | 5 | 9 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 0.98% | 0.97% | 0.97% | 0.97% | 0.97% | 1.00% | - | 1.04% | 1.07% | 1.05% | 1.08% | 1.04% | 0.93% | 1.01% | 1.02% | 1.01% | 1.00% | 1.00% |
Hormel Foods's average Quarter revenue forecast for Apr 24 based on 2 analysts is $2.97B, with a low forecast of $2.97B, and a high forecast of $2.97B. HRL's average Quarter revenue forecast represents a -0.98% decrease compared to the company's last Quarter revenue of $3.00B (Jan 24).
Hormel Foods EBITDA Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 3 | 5 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 8 | 5 | 5 | 9 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $284.44M | $367.27M | $216.76M | $367.95M | $370.44M | $446.28M | $370.58M | - | $387.82M | $433.74M | $275.13M | $352.67M | $336.35M | $343.01M | $314.94M | $344.05M | $343.07M | $369.78M | $305.69M |
| Avg Forecast | $425.47M | $390.69M | $390.57M | $403.85M | $416.00M | $382.60M | $384.33M | $392.73M | $406.93M | $380.54M | $469.10M | $376.11M | $421.33M | $393.38M | $426.45M | $467.55M | $439.37M | $393.44M | $387.69M | $380.05M | $419.43M | $354.82M | $336.24M | $308.66M | $337.46M | $307.88M | $350.44M | $308.46M | $326.69M | $298.76M |
| High Forecast | $429.11M | $394.03M | $393.92M | $407.31M | $419.57M | $385.87M | $387.62M | $395.29M | $409.52M | $381.50M | $562.92M | $376.47M | $432.96M | $396.75M | $511.74M | $561.06M | $442.95M | $396.67M | $465.22M | $383.16M | $422.86M | $357.73M | $403.49M | $311.20M | $340.23M | $310.41M | $420.53M | $310.99M | $329.37M | $301.21M |
| Low Forecast | $421.92M | $387.43M | $387.31M | $400.49M | $412.54M | $379.41M | $381.13M | $390.16M | $401.74M | $379.58M | $375.28M | $375.74M | $410.99M | $390.11M | $341.16M | $374.04M | $434.71M | $389.29M | $310.15M | $376.03M | $414.99M | $351.07M | $268.99M | $305.40M | $333.90M | $304.63M | $280.35M | $305.20M | $323.24M | $295.60M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.76% | 0.87% | 0.55% | 0.86% | 0.79% | 1.02% | 0.94% | - | 1.02% | 1.03% | 0.78% | 1.05% | 1.09% | 1.02% | 1.02% | 0.98% | 1.11% | 1.13% | 1.02% |
2 analysts predict HRL's average Quarter EBITDA for Apr 24 to be $469.10M, with a high of $562.92M and a low of $375.28M. This is 64.92% upper than Hormel Foods's previous annual EBITDA (Jan 24) of $284.44M.
Hormel Foods Net Income Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 3 | 5 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 8 | 5 | 5 | 9 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $218.86M | $195.94M | $162.68M | $217.24M | $217.72M | $279.88M | $218.91M | - | $239.71M | $281.75M | $176.92M | $227.90M | $222.28M | $234.36M | $203.12M | $227.73M | $242.87M | $255.50M | $199.45M |
| Avg Forecast | $269.14M | $263.65M | $252.66M | $269.14M | $255.96M | $222.45M | $224.06M | $225.56M | $233.97M | $200.34M | $289.88M | $185.04M | $243.78M | $225.06M | $263.53M | $303.71M | $273.49M | $224.66M | $239.57M | $240.06M | $274.98M | $213.53M | $222.28M | $221.89M | $240.62M | $189.25M | $248.15M | $249.81M | $255.29M | $199.20M |
| High Forecast | $272.14M | $266.59M | $255.47M | $272.14M | $258.81M | $224.93M | $226.56M | $236.56M | $239.41M | $202.19M | $347.86M | $185.07M | $246.49M | $227.57M | $316.23M | $364.46M | $276.39M | $227.06M | $287.49M | $242.62M | $277.91M | $215.80M | $266.74M | $224.25M | $243.19M | $191.27M | $297.78M | $252.47M | $258.01M | $201.32M |
| Low Forecast | $266.22M | $260.79M | $249.93M | $266.22M | $253.18M | $220.04M | $221.63M | $214.55M | $223.09M | $198.49M | $231.90M | $185.01M | $232.94M | $222.62M | $210.82M | $242.97M | $269.72M | $221.57M | $191.66M | $236.76M | $271.20M | $210.59M | $177.83M | $218.84M | $237.32M | $186.65M | $198.52M | $246.37M | $251.78M | $196.46M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.18% | 0.80% | 0.72% | 0.82% | 0.72% | 1.02% | 0.97% | - | 1.00% | 1.02% | 0.83% | 1.03% | 1.00% | 0.97% | 1.07% | 0.92% | 0.97% | 1.00% | 1.00% |
Hormel Foods's average Quarter net income forecast for Apr 24 is $289.88M, with a range of $231.90M to $347.86M. HRL's average Quarter net income forecast represents a 32.45% increase compared to the company's last Quarter net income of $218.86M (Jan 24).
Hormel Foods SG&A Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 3 | 5 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 8 | 5 | 5 | 9 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $240.39M | $216.55M | $291.07M | $212.49M | $222.06M | $206.49M | $222.15M | - | $225.97M | $230.44M | $226.28M | $199.97M | $196.38M | $190.80M | $181.09M | $193.91M | $195.52M | $183.79M | $180.17M |
| Avg Forecast | $247.87M | $227.61M | $227.54M | $235.28M | $242.35M | $222.89M | $223.90M | $228.79M | $237.07M | $221.69M | $273.43M | $219.11M | $245.46M | $229.18M | $248.57M | $248.42M | $255.98M | $229.22M | $225.97M | $221.41M | $244.36M | $206.72M | $196.38M | $179.83M | $196.60M | $179.37M | $199.77M | $179.71M | $190.33M | $174.06M |
| High Forecast | $249.99M | $229.56M | $229.49M | $237.29M | $244.43M | $224.80M | $225.82M | $230.29M | $238.58M | $222.25M | $328.11M | $219.32M | $252.23M | $231.14M | $298.28M | $298.10M | $258.06M | $231.10M | $271.17M | $223.23M | $246.36M | $208.41M | $235.66M | $181.30M | $198.22M | $180.84M | $239.73M | $181.18M | $191.89M | $175.48M |
| Low Forecast | $245.80M | $225.71M | $225.64M | $233.31M | $240.33M | $221.04M | $222.04M | $227.30M | $234.05M | $221.13M | $218.74M | $218.90M | $239.43M | $227.27M | $198.86M | $198.73M | $253.26M | $226.80M | $180.78M | $219.08M | $241.77M | $204.53M | $157.10M | $177.93M | $194.53M | $177.48M | $159.82M | $177.81M | $188.32M | $172.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 0.88% | 1.27% | 0.85% | 0.89% | 0.81% | 0.97% | - | 1.02% | 0.94% | 1.09% | 1.02% | 1.09% | 0.97% | 1.01% | 0.97% | 1.09% | 0.97% | 1.04% |
Hormel Foods's average Quarter SG&A projection for Apr 24 is $273.43M, based on 2 Wall Street analysts, with a range of $218.74M to $328.11M. The forecast indicates a 13.74% rise compared to HRL last annual SG&A of $240.39M (Jan 24).
Hormel Foods EPS Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 3 | 5 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 8 | 5 | 5 | 9 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $0.40 | $0.36 | $0.30 | $0.40 | $0.40 | $0.51 | $0.40 | - | $0.44 | $0.52 | $0.33 | $0.42 | $0.41 | $0.43 | $0.38 | $0.42 | $0.45 | $0.48 | $0.37 |
| Avg Forecast | $0.49 | $0.48 | $0.46 | $0.49 | $0.47 | $0.41 | $0.41 | $0.41 | $0.43 | $0.36 | $0.36 | $0.34 | $0.44 | $0.41 | $0.39 | $0.45 | $0.50 | $0.41 | $0.47 | $0.44 | $0.50 | $0.39 | $0.41 | $0.40 | $0.44 | $0.34 | $0.43 | $0.45 | $0.46 | $0.36 |
| High Forecast | $0.50 | $0.49 | $0.47 | $0.50 | $0.47 | $0.41 | $0.41 | $0.43 | $0.44 | $0.37 | $0.36 | $0.34 | $0.45 | $0.41 | $0.39 | $0.46 | $0.50 | $0.41 | $0.47 | $0.44 | $0.51 | $0.39 | $0.41 | $0.41 | $0.44 | $0.35 | $0.43 | $0.46 | $0.47 | $0.37 |
| Low Forecast | $0.48 | $0.47 | $0.46 | $0.48 | $0.46 | $0.40 | $0.40 | $0.39 | $0.41 | $0.36 | $0.36 | $0.34 | $0.42 | $0.41 | $0.38 | $0.45 | $0.49 | $0.40 | $0.46 | $0.43 | $0.49 | $0.38 | $0.40 | $0.40 | $0.43 | $0.34 | $0.42 | $0.45 | $0.46 | $0.36 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.19% | 0.81% | 0.73% | 1.03% | 0.88% | 1.02% | 0.98% | - | 1.01% | 1.04% | 0.85% | 1.02% | 1.01% | 0.98% | 1.10% | 0.99% | 0.99% | 1.03% | 1.02% |
According to 2 Wall Street analysts, Hormel Foods's projected average Quarter EPS for Apr 24 is $0.36, with a low estimate of $0.36 and a high estimate of $0.36. This represents a -11.02% decrease compared to HRL previous annual EPS of $0.40 (Jan 24).
Hormel Foods Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| HRL | Hormel Foods | $30.22 | $42.86 | 41.83% | Hold |
| KHC | Kraft Heinz Company | $30.88 | $40.44 | 30.96% | Buy |
| CAG | Conagra Brands | $27.12 | $35.25 | 29.98% | Hold |
| LW | Lamb Weston | $76.11 | $98.29 | 29.14% | Buy |
| SJM | J. M. Smucker Company | $112.08 | $134.85 | 20.32% | Hold |
| GIS | General Mills | $63.80 | $75.10 | 17.71% | Hold |
| CPB | Campbell Soup Company | $43.81 | $49.68 | 13.40% | Hold |
| K | Kellanova | $80.78 | $74.03 | -8.36% | Hold |