# Hormel Foods Corporation  Share Price Target ‘$32.29’, now -8.8% Downside Potential

- Link: https://www.directorstalkinterviews.com/hormel-foods-corporation-share-price-target-32.29-now-8.8-downside-potential/4121154327
- Published: 2024-05-01T13:28:05+01:00
- Author: Charlotte Edwards

**Hormel Foods Corporation** which can be found using ticker (HRL) now have 7 analysts
in total covering the stock. The consensus rating is pointing to ‘hold’. The range
between the high target price and low target price is between $35.00 and $28.00 
calculating the average target share price we see $32.29. (at the time of writing).
Given that the stocks previous close was at $35.42 this would imply there is a potential
downside of -8.8%. The 50 day moving average now sits at $33.98 and the 200 day 
MA is $34.47. The company has a market capitalization of 19.48B. The stock price
is currently at: $35.56 USD

 The potential market cap would be $17,754,746,504 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 24.52, revenue per share of $22.20
and a 4.91% 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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