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

OverviewRevenueOwnershipFinancialsChartTranscripts

HRL Stock Forecast

Hormel Foods (HRL) stock forecast, based on 6 Wall Street analysts, predicts a 12-month average price target of $32.00, with a high of $37.00 and a low of $28.00. This represents a 6.03% increase from the last price of $30.18.

$28 $29 $30 $31 $32 $33 $34 $35 $36 $37 High: $37 Avg: $32 Low: $28 Last Closed Price: $30.18

HRL Stock Rating

Hormel Foods stock's rating consensus is Hold, based on 6 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 2 Buy (33.33%), 3 Hold (50.00%), 1 Sell (16.67%), and 0 Strong Sell (0.00%).

Hold
Total 6 0 1 3 2 Strong Sell Sell Hold Buy Strong Buy

HRL Forecast vs Benchmarks

TypeNameUpside
StockHormel Foods6.03%
SectorConsumer Defensive Stocks 12.48%
IndustryPackaged Foods Stocks19.23%

Price Target Trends

1M3M12M
# Anlaysts-16
Avg Price Target-$33.00$32.00
Last Closing Price$30.18$30.18$30.18
Upside/Downside-9.34%6.03%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25119-213
Dec, 24-19-212
Nov, 241191214
Oct, 241192215
Sep, 241192215
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 05, 2024Michael LaveryPiper Sandler$33.00$32.531.44%9.34%
Oct 21, 2024Max GumportBNP Paribas$28.00$32.19-13.02%-7.22%
Sep 04, 2024Peter GalboBank of America Securities$30.00$31.01-3.26%-0.60%
Aug 13, 2024Thomas PalmerCoker Palmer$37.00$31.2518.40%22.60%
May 30, 2024Thomas PalmerCoker Palmer$29.00$30.79-5.81%-3.91%
May 22, 2024Thomas PalmerCoker Palmer$35.00$35.47-1.33%15.97%
Dec 30, 2022Argus Research$54.00$45.5518.55%78.93%
Dec 01, 2022J.P. Morgan$47.00$47.05-0.11%55.73%
Sep 22, 2022Argus Research$53.00$46.8313.18%75.61%
Aug 23, 2022Stephens$55.00$50.728.44%82.24%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Dec 05, 2024Piper SandlerNeutralNeutralhold
Nov 18, 2024CitigroupBuyBuyhold
Oct 21, 2024Exane BNP ParibasUnderperforminitialise
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

Financial Forecast

EPS Forecast

Oct 20 Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27
Oct 20Oct 21Oct 22Oct 23Oct 24Oct 25Oct 26Oct 27
Reported$1.69$1.68$1.84$1.45$1.47---
Avg Forecast$1.67$1.69$1.85$1.63$1.58$1.66$1.82$2.00
High Forecast$1.64$1.66$1.48$1.61$1.57$1.60$1.72$1.78
Low Forecast$1.71$1.72$2.21$1.64$1.59$1.75$1.89$2.11
Surprise %1.20%-0.59%-0.54%-11.04%-6.96%---

Revenue Forecast

$10B $11B $12B $13B $14B $15B Oct 20 Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27
Oct 20Oct 21Oct 22Oct 23Oct 24Oct 25Oct 26Oct 27
Reported$9.61B$11.39B$12.46B$12.11B$11.92B---
Avg Forecast$9.78B$11.19B$12.37B$12.17B$11.93B$12.05B$12.30B$12.49B
High Forecast$9.64B$11.04B$9.90B$12.09B$11.89B$11.95B$12.28B$12.45B
Low Forecast$9.94B$11.38B$14.85B$12.26B$11.95B$12.11B$12.32B$12.54B
Surprise %-1.77%1.72%0.68%-0.53%-0.04%---

Net Income Forecast

$600M $720M $840M $960M $1B $1B Oct 20 Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27
Oct 20Oct 21Oct 22Oct 23Oct 24Oct 25Oct 26Oct 27
Reported$908.08M$908.84M$999.99M$793.57M$805.04M---
Avg Forecast$912.66M$892.99M$988.82M$793.57M$868.10M$898.18M$999.50M$1.09B
High Forecast$730.12M$714.39M$791.06M$634.86M$862.61M$876.06M$943.41M$977.82M
Low Forecast$1.10B$1.07B$1.19B$952.29M$873.60M$958.19M$1.04B$1.16B
Surprise %-0.50%1.77%1.13%--7.26%---

HRL Forecast FAQ

Is Hormel Foods stock a buy?

Hormel Foods stock has a consensus rating of Hold, based on 6 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 2 Buy, 3 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that Hormel Foods is a neutral investment for most analysts.

What is Hormel Foods's price target?

Hormel Foods's price target, set by 6 Wall Street analysts, averages $32 over the next 12 months. The price target range spans from $28 at the low end to $37 at the high end, suggesting a potential 6.03% change from the previous close price of $30.18.

How does Hormel Foods stock forecast compare to the average forecast of its sector, industry, and investment themes?

Hormel Foods stock forecast shows a 6.03% upside, underperforming the average forecast for the consumer defensive stocks sector (12.48%) and underperforming the packaged foods stocks industry (19.23%).

What is the breakdown of analyst ratings for Hormel Foods over the past three months?

  • January 2025: 7.69% Strong Buy, 7.69% Buy, 69.23% Hold, 0% Sell, 15.38% Strong Sell.
  • December 2024: 0% Strong Buy, 8.33% Buy, 75.00% Hold, 0% Sell, 16.67% Strong Sell.
  • November 2024: 7.14% Strong Buy, 7.14% Buy, 64.29% Hold, 7.14% Sell, 14.29% Strong Sell.

What is Hormel Foods’s EPS forecast?

Hormel Foods's average annual EPS forecast for its fiscal year ending in October is 1.66 for 2025, a 12.93% increase from the reported $1.47 in 2024. The prediction for 2026 is $1.82, and $2 for 2027.

What is Hormel Foods’s revenue forecast?

Hormel Foods's average annual revenue forecast for its fiscal year ending in October is $12.05B for 2025, a 1.12% increase from the reported $11.92B in 2024. The forecast for 2026 is $12.3B, and $12.49B for 2027.

What is Hormel Foods’s net income forecast?

For its fiscal year ending in October, Hormel Foods's average annual net income forecast is $898.18M for 2025, reflecting an 11.57% increase from the reported $805.04M in 2024. The projection for 2026 is $999.5M, and $1.09B for 2027.