Zacks Rating on Hormel Foods Corporation (HRL)

Hormel Foods Corporation (HRL) has an average broker rating of 2.83, which is interpreted as a Hold, as rated by 6 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 considers that the stock is a Sell.

Hormel Foods Corporation (HRL) : The highest level Hormel Foods Corporation (HRL) is projected to reach is $44 for the short term and the lowest estimate is at $26. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $36.57 and the possibility the share price can swing is $6.13.

Hormel

Shares of Hormel Foods Corporation rose by 7.99% in the last five trading days and 6.17% for the last 4 weeks. Hormel Foods Corporation is up 12.75% in the last 3-month period. Year-to-Date the stock performance stands at -0.04%. Hormel Foods Corporation (NYSE:HRL): On Tuesdays trading session , Opening price of the stock was $39.58 with an intraday high of $39.65. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $38.97. However, the stock managed to close at $39.08, a loss of 1.09% for the day. On the previous day, the stock had closed at $39.51. The total traded volume of the day was 1,911,920 shares.

Hormel Foods Corporation is a multinational manufacturer and marketer of food and meat products. The Company has five segments: Grocery Products, which consists of the processing, marketing and sale of shelf-stable food products sold primarily in the retail market; Refrigerated Foods, which consists of the processing, marketing and sale of branded and unbranded pork and beef products for retail, foodservice and fresh product customers; Jennie-O Turkey Store, which consists of the processing, marketing and sale of branded and unbranded turkey products for retail, foodservice and fresh product customers; Specialty Foods, which consists of the packaging and sale of private label shelf stable products, nutritional products, sugar and condiments to industrial, retail and foodservice customers, and International & Other, which includes the Hormel Foods International operating segment, which manufactures, markets and sells the Company products internationally.

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