# Hormel Foods Corporation – Consensus ‘hold’ rating and 3.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/hormel-foods-corporation-consensus-hold-rating-and-3.2-upside-potential/4121134880
- Published: 2023-12-01T11:55:14+00:00
- Author: Charlotte Edwards

**Hormel Foods Corporation** with ticker code (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 $35.00 and $26.00 suggesting an average Analsyt target price
of $31.43. Given that the stocks previous close was at $30.47 this now indicates
there is a potential upside of 3.2%. The day 50 moving average is $33.85 and the
200 day moving average is $38.54. The company has a market capitalization of 16.72B.
The stock price is currently at: $30.59 USD

 The potential market cap would be $17,243,542,165 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 21.1, revenue per share of $22.16
and a 4.94% 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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