Hormel Foods (HRL) Stock Forecast, Price Target & Predictions


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HRL Stock Forecast


Hormel Foods stock forecast is as follows: an average price target of $42.86 (represents a 39.43% upside from HRL’s last price of $30.74) 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 39.43% upside from HRL's last price of $30.74.

HRL Analyst Ratings


Hold

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 21, 2024Max GumportBNP Paribas$28.00$32.19-13.02%-8.91%
Sep 04, 2024Peter GalboBank of America Securities$30.00$31.01-3.26%-2.41%
Aug 13, 2024Thomas PalmerCoker Palmer$37.00$31.2518.40%20.36%
May 30, 2024Thomas PalmerCoker Palmer$29.00$30.79-5.81%-5.66%
May 22, 2024Thomas PalmerCoker Palmer$35.00$35.47-1.33%13.86%
Dec 30, 2022-Argus Research$54.00$45.5518.55%75.67%
Dec 01, 2022-J.P. Morgan$47.00$47.05-0.10%52.90%
Sep 22, 2022-Argus Research$53.00$46.8313.18%72.41%
Aug 23, 2022-Stephens$55.00$50.728.44%78.92%
Dec 10, 2021Michael LaveryPiper Sandler$49.00$46.006.52%59.40%
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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 -8.91% decrease from HRL last price ($30.74).

Hormel Foods Price Target by Period


1M3M12M
# Anlaysts135
Avg Price Target$28.00$31.67$31.80
Last Closing Price$30.74$30.74$30.74
Upside/Downside-8.91%3.03%3.45%

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 -8.91% decrease as opposed to Hormel Foods's last price of $30.74. This month's average price target is down -11.59% compared to last quarter, and down -11.95% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Oct 21, 2024Exane BNP Paribas-UnderperformInitialise
Sep 04, 2024Bank of America SecuritiesUnderperformUnderperformHold
Aug 13, 2024CitigroupNeutralBuyUpgrade
May 22, 2024CitigroupNeutralNeutralHold
Mar 01, 2024Goldman SachsSellSellHold
Jan 12, 2024Piper SandlerNeutralNeutralHold
Mar 03, 2023Credit SuisseNeutralNeutralHold
Dec 30, 2022Argus ResearchBuyBuyHold
Sep 22, 2022Argus ResearchBuyBuyHold
Aug 23, 2022StephensEqual-WeightEqual-WeightHold
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Hormel Foods's last stock rating was published by Exane BNP Paribas on Oct 21, 2024. The company Initialise its HRL rating from "null" to "Underperform".

Hormel Foods Financial Forecast


Hormel Foods Revenue Forecast

Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 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
# Analysts222211135222522211112222585596
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 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19
# Analysts222211135222522211112222585596
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$428.60M$393.56M$393.45M$406.82M$419.07M$385.41M$387.16M$395.62M$409.92M$383.34M$469.10M$378.88M$424.43M$396.28M$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$432.27M$396.93M$396.82M$410.31M$422.66M$388.72M$390.47M$398.20M$412.53M$384.30M$562.92M$379.24M$436.15M$399.67M$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$425.03M$390.28M$390.17M$403.43M$415.57M$382.20M$383.93M$393.03M$404.70M$382.37M$375.28M$378.51M$414.02M$392.98M$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 %-----------0.75%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 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19
# Analysts222211135222522211112222585596
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$254.86M$221.54M$224.85M$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$257.70M$224.00M$227.35M$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$252.10M$219.14M$222.41M$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 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19
# Analysts222211135222522211112222585596
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$249.70M$229.29M$229.22M$237.02M$244.15M$224.54M$225.56M$230.49M$238.82M$223.33M$273.43M$220.73M$247.27M$230.87M$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$251.84M$231.25M$231.18M$239.05M$246.24M$226.46M$227.49M$231.99M$240.34M$223.89M$328.11M$220.94M$254.10M$232.85M$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$247.62M$227.38M$227.31M$235.04M$242.11M$222.67M$223.68M$228.98M$235.78M$222.77M$218.74M$220.52M$241.21M$228.95M$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 %-----------1.09%0.88%1.26%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 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19
# Analysts222211135222522211112222585596
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$0.46$0.40$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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
HRLHormel Foods$30.74$42.8639.43%Hold
LWLamb Weston$77.46$98.2926.89%Buy
CAGConagra Brands$28.77$35.2522.52%Hold
KHCKraft Heinz Company$33.38$40.8122.26%Buy
SJMJ. M. Smucker Company$113.69$135.2318.95%Hold
GISGeneral Mills$68.09$75.1010.30%Hold
CPBCampbell Soup Company$46.38$49.566.86%Hold
KKellanova$80.60$74.03-8.15%Hold

HRL Forecast FAQ


No, according to 6 Wall Street analysts, Hormel Foods (HRL) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 33.33% of HRL's total ratings.

Hormel Foods (HRL) average price target is $42.86 with a range of $28 to $55, implying a 39.43% from its last price of $30.74. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for HRL stock, the company can go up by 39.43% (from the last price of $30.74 to the average price target of $42.86), up by 78.92% based on the highest stock price target, and down by -8.91% based on the lowest stock price target.

HRL's highest twelve months analyst stock price target of $55 supports the claim that Hormel Foods can reach $50 in the near future.

1 Wall Street analyst forecast a $28 price target for Hormel Foods (HRL) this month, down -8.91% from its last price of $30.74. Compared to the last 3 and 12 months, the average price target increased by 3.03% and increased by 3.45%, respectively.

Hormel Foods's analysts financial forecasts for the fiscal year (Oct 2025) are as follows: average revenue is $12.2B (high $12.29B, low $12.1B), average EBITDA is $1.59B (high $1.6B, low $1.57B), average net income is $926.8M (high $945.61M, low $908.19M), average SG&A $924.73M (high $932.18M, low $917.44M), and average EPS is $1.69 (high $1.72, low $1.65). HRL's analysts financial forecasts for the fiscal year (Oct 2026) are as follows: average revenue is $12.47B (high $12.57B, low $12.36B), average EBITDA is $1.62B (high $1.64B, low $1.61B), average net income is $1.05B (high $1.07B, low $1.04B), average SG&A $945.22M (high $953.32M, low $937.35M), and average EPS is $1.92 (high $1.94, low $1.9).

Based on Hormel Foods's last annual report (Oct 2023), the company's revenue was $12.11B, which missed the average analysts forecast of $12.44B by -2.63%. Apple's EBITDA was $1.37B, missing the average prediction of $1.71B by -20.19%. The company's net income was $793.57M, missing the average estimation of $1.04B by -23.41%. Apple's SG&A was $942.17M, missing the average forecast of $975.13M by -3.38%. Lastly, the company's EPS was $1.45, missing the average prediction of $1.69 by -14.45%. In terms of the last quarterly report (Jan 2024), Hormel Foods's revenue was $3B, beating the average analysts' forecast of $2.91B by 2.95%. The company's EBITDA was $284.44M, missing the average prediction of $378.88M by -24.93%. Hormel Foods's net income was $218.86M, beating the average estimation of $185.04M by 18.28%. The company's SG&A was $240.39M, beating the average forecast of $220.73M by 8.90%. Lastly, the company's EPS was $0.4, beating the average prediction of $0.337 by 18.73%