# Hormel Foods Corporation  Share Price Target ‘$32.21’, now 5.1% Upside Potential

- Link: https://www.directorstalkinterviews.com/hormel-foods-corporation-share-price-target-32.21-now-5.1-upside-potential-2/4121162171
- Published: 2024-06-25T14:58:43+01:00
- Author: Charlotte Edwards

**Hormel Foods Corporation** with ticker code (HRL) have now 7 analysts in total
covering the stock. The consensus rating is pointing to ‘hold’. The target price
High/Low ranges between $35.00 and $28.00 calculating the mean target share price
we have $32.21. (at the time of writing). Given that the stocks previous close was
at $30.64 this would indicate that there is a potential upside of 5.1%. Also worth
taking note is the 50 day moving average now sits at $33.65 and the 200 day moving
average is $33.24. The market cap for the company is 16.98B. The current share price
for the company is: $30.96 USD

 The potential market cap would be $17,845,352,151 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 22.11, revenue per share of $22.02
and a 4.76% 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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