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 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
HRL Analyst Ratings
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% | -8.91% |
Sep 04, 2024 | Peter Galbo | Bank of America Securities | $30.00 | $31.01 | -3.26% | -2.41% |
Aug 13, 2024 | Thomas Palmer | Coker Palmer | $37.00 | $31.25 | 18.40% | 20.36% |
May 30, 2024 | Thomas Palmer | Coker Palmer | $29.00 | $30.79 | -5.81% | -5.66% |
May 22, 2024 | Thomas Palmer | Coker Palmer | $35.00 | $35.47 | -1.33% | 13.86% |
Dec 30, 2022 | - | Argus Research | $54.00 | $45.55 | 18.55% | 75.67% |
Dec 01, 2022 | - | J.P. Morgan | $47.00 | $47.05 | -0.10% | 52.90% |
Sep 22, 2022 | - | Argus Research | $53.00 | $46.83 | 13.18% | 72.41% |
Aug 23, 2022 | - | Stephens | $55.00 | $50.72 | 8.44% | 78.92% |
Dec 10, 2021 | Michael Lavery | Piper Sandler | $49.00 | $46.00 | 6.52% | 59.40% |
Hormel Foods Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 1 | 3 | 5 |
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% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
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 |
Aug 23, 2022 | Stephens | Equal-Weight | Equal-Weight | Hold |
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 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 | $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% |
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 | $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 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 | $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 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 | $0.46 | $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% |
Hormel Foods Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
HRL | Hormel Foods | $30.74 | $42.86 | 39.43% | Hold |
LW | Lamb Weston | $77.46 | $98.29 | 26.89% | Buy |
CAG | Conagra Brands | $28.77 | $35.25 | 22.52% | Hold |
KHC | Kraft Heinz Company | $33.38 | $40.81 | 22.26% | Buy |
SJM | J. M. Smucker Company | $113.69 | $135.23 | 18.95% | Hold |
GIS | General Mills | $68.09 | $75.10 | 10.30% | Hold |
CPB | Campbell Soup Company | $46.38 | $49.56 | 6.86% | Hold |
K | Kellanova | $80.60 | $74.03 | -8.15% | 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 $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.
Will Hormel Foods stock go up soon?
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.
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 $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.
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 $12.2B (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).
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 $1.71B 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%