# Hormel Foods Corporation – Consensus ‘hold’ rating and 2.9% Upside Potential

- Link: https://www.directorstalkinterviews.com/hormel-foods-corporation-consensus-hold-rating-and-2.9-upside-potential/4121133022
- Published: 2023-11-16T13:05:07+00:00
- Author: Charlotte Edwards

**Hormel Foods Corporation** which can be found using ticker (HRL) have now 7 market
analysts covering the stock. The analyst consensus now points to a rating of ‘hold’.
The target price High/Low ranges between $42.00 and $29.00 calculating the mean 
target price we have $33.86. Given that the stocks previous close was at $32.92 
this now indicates there is a potential upside of 2.9%. The day 50 moving average
is $35.02 and the 200 day moving average is $39.19. The company has a market cap
of 17.89B. The stock price for the company is currently is currently $32.74 USD

 The potential market cap would be $18,402,672,198 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 20.46, 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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