# Hormel Foods Corporation – Consensus ‘hold’ rating and 5.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/hormel-foods-corporation-consensus-hold-rating-and-5.2-upside-potential/4121133696
- Published: 2023-11-22T12:53:32+00:00
- Author: Charlotte Edwards

**Hormel Foods Corporation** with ticker code (HRL) now have 7 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 $42.00 and $29.00 calculating
the average target price we see $33.86. Given that the stocks previous close was
at $32.19 this would imply there is now a potential upside of 5.2%. There is a 50
day moving average of $34.64 and the 200 day moving average is $38.93. The total
market capitalization for the company now stands at 17.73B. The stock price for 
the company is currently $32.45 USD

 The potential market cap would be $18,653,305,135 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 20.28, 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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