Hormel Foods (HRL) Stock Forecast, Price Target & Predictions
HRL Stock Forecast
Hormel Foods stock forecast is as follows: an average price target of $45.33 (represents a 41.30% upside from HRL’s last price of $32.08) 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 $45.33 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 $30.00. This represents a potential 41.30% upside from HRL's last price of $32.08.
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 |
|---|---|---|---|---|---|---|
| Sep 04, 2024 | Peter Galbo | Bank of America Securities | $30.00 | $31.01 | -3.26% | -6.48% |
| Aug 13, 2024 | Thomas Palmer | Coker Palmer | $37.00 | $31.25 | 18.40% | 15.34% |
| May 30, 2024 | Thomas Palmer | Coker Palmer | $29.00 | $30.79 | -5.81% | -9.60% |
| May 22, 2024 | Thomas Palmer | Coker Palmer | $35.00 | $35.47 | -1.33% | 9.10% |
| Dec 30, 2022 | - | Argus Research | $54.00 | $45.55 | 18.55% | 68.33% |
| Dec 01, 2022 | - | J.P. Morgan | $47.00 | $47.05 | -0.10% | 46.51% |
| Sep 22, 2022 | - | Argus Research | $53.00 | $46.83 | 13.18% | 65.21% |
| Aug 23, 2022 | - | Stephens | $55.00 | $50.72 | 8.44% | 71.45% |
| Dec 10, 2021 | Michael Lavery | Piper Sandler | $49.00 | $46.00 | 6.52% | 52.74% |
The latest Hormel Foods stock forecast, released on Sep 04, 2024 by Peter Galbo from Bank of America Securities, set a price target of $30.00, which represents a -3.26% decrease from the stock price at the time of the forecast ($31.01), and a -6.48% decrease from HRL last price ($32.08).
Hormel Foods Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 4 |
| Avg Price Target | $30.00 | $33.50 | $32.75 |
| Last Closing Price | $32.08 | $32.08 | $32.08 |
| Upside/Downside | -6.48% | 4.43% | 2.09% |
In the current month, the average price target of Hormel Foods stock is $30.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -6.48% decrease as opposed to Hormel Foods's last price of $32.08. This month's average price target is down -10.45% compared to last quarter, and down -8.40% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 |
| Aug 23, 2022 | Stephens | Equal-Weight | Equal-Weight | Hold |
Hormel Foods's last stock rating was published by Bank of America Securities on Sep 04, 2024. The company gave HRL a "Underperform" 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 | $3.21B | $2.98B | $2.97B | $3.02B | $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 | $3.23B | $3.01B | $2.99B | $3.04B | $3.17B | $2.97B | $2.99B | $2.94B | $3.35B | $3.07B | $3.08B | $3.10B | $3.41B | $3.13B | $3.11B | $2.96B | $3.26B | $2.76B | $2.44B | $2.40B | $2.62B | $2.39B | $2.41B | $2.40B | $2.54B | $2.32B |
| Low Forecast | $3.25B | $2.98B | $2.98B | $3.08B | $3.16B | $2.94B | $2.93B | $3.01B | $3.11B | $2.91B | $2.93B | $2.87B | $3.18B | $3.00B | $3.02B | $3.03B | $3.33B | $2.95B | $3.04B | $2.89B | $3.19B | $2.70B | $2.38B | $2.35B | $2.57B | $2.34B | $2.36B | $2.35B | $2.48B | $2.27B |
| # Analysts | 2 | 2 | 2 | 2 | - | - | - | 3 | 4 | 3 | 3 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 7 | 7 | 7 | 7 | 7 | 6 | 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 3 analysts is $2.97B, with a low forecast of $2.93B, and a high forecast of $2.99B. 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 | - | - | - | 3 | 4 | 3 | 3 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 7 | 7 | 7 | 7 | 7 | 6 | 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 | $428.60M | $393.56M | $393.45M | $406.82M | $417.19M | $388.17M | $385.99M | $393.71M | $409.39M | $383.34M | $469.10M | $378.88M | $424.43M | $396.28M | $426.45M | $400.20M | $294.51M | $393.44M | $399.42M | $425.05M | $267.73M | $344.05M | $336.24M | $350.91M | $296.82M | $352.17M | $350.44M | $361.68M | $297.22M | $356.09M |
| High Forecast | $432.39M | $397.04M | $396.92M | $410.42M | $420.87M | $391.60M | $389.40M | $396.28M | $412.00M | $386.72M | $562.92M | $382.22M | $436.15M | $399.78M | $511.74M | $403.74M | $353.41M | $407.21M | $405.31M | $510.06M | $321.28M | $412.86M | $403.49M | $421.09M | $356.18M | $422.61M | $420.53M | $434.02M | $356.66M | $427.30M |
| Low Forecast | $422.98M | $388.40M | $388.29M | $401.49M | $411.72M | $383.08M | $380.93M | $391.13M | $404.17M | $378.31M | $375.28M | $373.91M | $414.02M | $391.08M | $341.16M | $394.96M | $235.60M | $384.10M | $395.83M | $340.04M | $214.19M | $275.24M | $268.99M | $280.73M | $237.45M | $281.74M | $280.35M | $289.35M | $237.77M | $284.87M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.75% | 0.87% | 0.55% | 0.86% | 0.93% | 1.52% | 0.94% | - | 0.91% | 1.62% | 0.80% | 1.05% | 0.96% | 1.16% | 0.89% | 0.98% | 0.95% | 1.24% | 0.86% |
3 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 | - | - | - | 3 | 4 | 3 | 3 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 7 | 7 | 7 | 7 | 7 | 6 | 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 | $256.78M | $224.28M | $224.85M | $224.77M | $235.06M | $200.34M | $289.88M | $185.04M | $243.78M | $225.06M | $263.53M | $248.41M | $189.49M | $224.42M | $257.24M | $276.10M | $172.26M | $222.34M | $222.28M | $239.96M | $191.51M | $233.03M | $248.15M | $249.95M | $193.91M | $276.15M |
| High Forecast | $272.23M | $266.67M | $255.56M | $272.23M | $259.73M | $226.86M | $227.43M | $235.73M | $240.53M | $202.64M | $347.86M | $187.17M | $246.58M | $227.64M | $316.23M | $251.26M | $227.38M | $234.63M | $262.17M | $331.32M | $206.71M | $266.81M | $266.74M | $287.95M | $229.82M | $279.64M | $297.78M | $299.94M | $232.69M | $331.38M |
| Low Forecast | $264.55M | $259.15M | $248.36M | $264.55M | $252.40M | $220.46M | $221.01M | $213.81M | $224.13M | $196.92M | $231.90M | $181.89M | $232.94M | $221.23M | $210.82M | $244.17M | $151.59M | $217.49M | $254.23M | $220.88M | $137.81M | $177.87M | $177.83M | $191.97M | $153.21M | $186.42M | $198.52M | $199.96M | $155.13M | $220.92M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.18% | 0.80% | 0.72% | 0.82% | 0.88% | 1.48% | 0.98% | - | 0.87% | 1.64% | 0.80% | 1.03% | 0.93% | 1.22% | 0.87% | 0.92% | 0.97% | 1.32% | 0.72% |
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 | - | - | - | 3 | 4 | 3 | 3 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 7 | 7 | 7 | 7 | 7 | 6 | 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 | $249.70M | $229.29M | $229.22M | $237.02M | $243.05M | $226.15M | $224.88M | $229.37M | $238.51M | $223.33M | $273.43M | $220.73M | $247.27M | $230.87M | $248.57M | $233.16M | $242.36M | $229.22M | $232.70M | $225.83M | $220.33M | $195.09M | $196.38M | $195.13M | $170.74M | $198.42M | $199.77M | $179.80M | $175.16M | $166.30M |
| High Forecast | $251.91M | $231.31M | $231.24M | $239.11M | $245.20M | $228.15M | $226.86M | $230.87M | $240.03M | $225.30M | $328.11M | $222.68M | $254.10M | $232.91M | $298.28M | $235.22M | $290.83M | $237.24M | $236.14M | $271.00M | $264.39M | $234.11M | $235.66M | $234.16M | $204.88M | $238.11M | $239.73M | $215.76M | $210.20M | $199.56M |
| Low Forecast | $246.43M | $226.28M | $226.21M | $233.91M | $239.86M | $223.18M | $221.93M | $227.87M | $235.47M | $220.40M | $218.74M | $217.84M | $241.21M | $227.84M | $198.86M | $230.10M | $193.89M | $223.78M | $230.61M | $180.67M | $176.26M | $156.07M | $157.10M | $156.11M | $136.59M | $158.74M | $159.82M | $143.84M | $140.13M | $133.04M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 0.88% | 1.26% | 0.85% | 0.95% | 0.85% | 0.97% | - | 1.00% | 1.05% | 1.16% | 1.02% | 1.01% | 1.12% | 0.91% | 0.97% | 1.09% | 1.05% | 1.08% |
Hormel Foods's average Quarter SG&A projection for Apr 24 is $273.43M, based on 3 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 | - | - | - | 3 | 4 | 3 | 3 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 7 | 7 | 7 | 7 | 7 | 6 | 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 | $0.43 | $0.48 | $0.44 | $0.51 | $0.39 | $0.42 | $0.41 | $0.45 | $0.35 | $0.43 | $0.46 | $0.47 | $0.37 |
| Low Forecast | $0.48 | $0.47 | $0.45 | $0.48 | $0.46 | $0.40 | $0.40 | $0.39 | $0.41 | $0.36 | $0.35 | $0.33 | $0.42 | $0.40 | $0.38 | $0.44 | $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 3 Wall Street analysts, Hormel Foods's projected average Quarter EPS for Apr 24 is $0.36, with a low estimate of $0.35 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 |
|---|---|---|---|---|---|
| LW | Lamb Weston | $64.17 | $109.60 | 70.80% | Buy |
| HRL | Hormel Foods | $32.08 | $45.33 | 41.30% | Hold |
| KHC | Kraft Heinz Company | $35.59 | $42.31 | 18.88% | Buy |
| SJM | J. M. Smucker Company | $120.74 | $135.23 | 12.00% | Hold |
| CAG | Conagra Brands | $32.05 | $35.53 | 10.86% | Hold |
| GIS | General Mills | $73.71 | $74.32 | 0.83% | Hold |
| CPB | Campbell Soup Company | $51.09 | $48.22 | -5.62% | Hold |
| K | Kellanova | $80.68 | $74.03 | -8.24% | Hold |
HRL Forecast FAQ
Is Hormel Foods a good buy?
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.
What is HRL's price target?
Hormel Foods (HRL) average price target is $45.33 with a range of $30 to $55, implying a 41.30% from its last price of $32.08. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Hormel Foods stock go up soon?
According to Wall Street analysts' prediction for HRL stock, the company can go up by 41.30% (from the last price of $32.08 to the average price target of $45.33), up by 71.45% based on the highest stock price target, and down by -6.48% based on the lowest stock price target.
Can Hormel Foods stock reach $50?
HRL's highest twelve months analyst stock price target of $55 supports the claim that Hormel Foods can reach $50 in the near future.
What is Hormel Foods's current price target trend?
1 Wall Street analyst forecast a $30 price target for Hormel Foods (HRL) this month, down -6.48% from its last price of $32.08. Compared to the last 3 and 12 months, the average price target increased by 4.43% and increased by 2.09%, respectively.
What are Hormel Foods's analysts' financial forecasts?
Hormel Foods's analysts financial forecasts for the fiscal year (Oct 2025) are as follows: average revenue is $12.18B (high $12.28B, low $12.04B), average EBITDA is $1.59B (high $1.6B, low $1.57B), average net income is $930.68M (high $949.75M, low $907.68M), average SG&A $923.45M (high $931.08M, low $912.85M), and average EPS is $1.69 (high $1.73, low $1.65). HRL's analysts financial forecasts for the fiscal year (Oct 2026) are as follows: average revenue is $12.47B (high $12.58B, low $12.3B), average EBITDA is $1.62B (high $1.64B, low $1.6B), average net income is $1.05B (high $1.07B, low $1.04B), average SG&A $945.22M (high $953.57M, low $932.83M), and average EPS is $1.92 (high $1.94, low $1.89).
Did the HRL's actual financial results beat the analysts' financial forecasts?
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 $1.65B by -16.92%. The company's net income was $793.57M, missing the average estimation of $980.77M by -19.09%. Apple's SG&A was $942.17M, missing the average forecast of $959.87M by -1.84%. 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%