# Hormel Foods Corporation – Consensus ‘hold’ rating and 2.5% Upside Potential

- Link: https://www.directorstalkinterviews.com/hormel-foods-corporation-consensus-hold-rating-and-2.5-upside-potential/4121127916
- Published: 2023-09-20T14:04:29+01:00
- Author: Charlotte Edwards

**Hormel Foods Corporation** which can be found using ticker (HRL) now have 6 market
analysts covering the stock. The analyst consensus now points to a rating of ‘hold’.
The range between the high target price and low target price is between 42 and 33
with the average target price sitting at $39.17. Given that the stocks previous 
close was at $38.22 this would imply there is now a potential upside of 2.5%. The
day 50 moving average is $39.48 and the 200 day MA is $41.55. The company has a 
market capitalization of 21.00B. The stock price for the company is currently 38.43
USD

 The potential market cap would be $21,523,274,621 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 24.02, revenue per share of 22.32
and a 5.27% return on assets.

Hormel Foods Corporation is a global manufacturer and marketer of branded food products.
The Company develops, processes, and distributes a range of food products in a variety
of markets. The Company operates through three segments: Retail, Foodservice, and
International. The Retail segment is primarily engaged in the processing, marketing,
and sale of food products sold predominantly in the retail market. This segment 
also includes the Company’s MegaMex Foods, LLC joint venture. The Foodservice segment
is primarily engaged in the processing, marketing, and sale of food and nutritional
products for foodservice, convenience store, and commercial customers. The International
segment processes, markets, and sells its products internationally. Its products
include Hormel Black Label bacon, Columbus charcuterie, Hormel chili, Hormel pepperoni,
Applegate breaded chicken, Herdez products, Hormel Square Table entrees, Cafe H 
sliced meats, Austin Blues sliced meats and Mary Kitchen hash.

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