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NYSE: HRL
Hormel Foods Corp Stock Forecast, Predictions & Price Target

Analyst price target for HRL

Based on 7 analysts offering 12 month price targets for Hormel Foods Corp.
Min Forecast
$44.00-2.74%
Avg Forecast
$49.43+9.26%
Max Forecast
$55.00+21.57%

Should I buy or sell HRL stock?

Based on 7 analysts offering ratings for Hormel Foods Corp.
Hold
Strong Buy
2 analysts 28.57%
Buy
0 analysts 0%
Hold
4 analysts 57.14%
Sell
0 analysts 0%
Strong Sell
1 analysts 14.29%

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HRL stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Argus Research
Bottom 15%
15
Strong BuyMaintains$54.00+19.36%2022-12-30
JP Morgan
Top 33%
68
HoldMaintains$47.00+3.89%2022-12-01
Argus Research
Top 35%
66
Strong BuyMaintains$53.00+17.15%2022-09-22
Piper Sandler
Top 11%
90
HoldMaintains$47.00+3.89%2022-09-02
Stephens & Co.
Bottom 23%
23
HoldMaintains$55.00+21.57%2022-08-23
Goldman Sachs
Top 13%
88
Strong SellDowngrades$44.00-2.74%2022-03-15
Credit Suisse
Top 6%
95
HoldMaintains$46.00+1.68%2022-03-02

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Forecast return on equity

Is HRL forecast to generate an efficient return?
Company
15.95%
Industry
21.16%
Market
47.94%
HRL's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is HRL forecast to generate an efficient return on assets?
Company
9.03%
Industry
7.42%
HRL is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

HRL earnings per share forecast

What is HRL's earnings per share in the next 2 years based on estimates from 7 analysts?
Avg 1 year Forecast
$2.07+12.5%
Avg 2 year Forecast
$2.20+19.57%
HRL's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

HRL revenue forecast

What is HRL's revenue in the next 2 years based on estimates from 4 analysts?
Avg 1 year Forecast
$12.8B+2.99%
Avg 2 year Forecast
$13.0B+4.06%
HRL's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

HRL earnings growth forecast

How is HRL forecast to perform vs Packaged Foods companies and vs the US market?
Company
12.5%
Industry
45.69%
Market
85.06%
HRL's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
HRL's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
HRL's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

HRL revenue growth forecast

How is HRL forecast to perform vs Packaged Foods companies and vs the US market?
Company
2.99%
Industry
5.8%
Market
70.6%
HRL's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
HRL's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

HRL vs Food Stocks

TickerPricePrice TargetUp/downsideConsensus
HRL$45.24$49.43+9.26%Hold
K$67.61$72.56+7.32%Hold
MKC$74.54$80.60+8.13%Hold
CAG$36.45$40.20+10.29%Hold
SJM$149.97$143.80-4.11%Hold

Hormel Foods Stock Forecast FAQ

Is Hormel Foods Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 7 Wall Street analysts covering (NYSE: HRL) stock is to Hold HRL stock.

Out of 7 analysts, 2 (28.57%) are recommending HRL as a Strong Buy, 0 (0%) are recommending HRL as a Buy, 4 (57.14%) are recommending HRL as a Hold, 0 (0%) are recommending HRL as a Sell, and 1 (14.29%) are recommending HRL as a Strong Sell.

If you're new to stock investing, here's how to buy Hormel Foods stock.

What is HRL's earnings growth forecast for 2023-2024?

(NYSE: HRL) Hormel Foods's forecast annual earnings growth rate of 12.5% is not forecast to beat the US Packaged Foods industry's average forecast earnings growth rate of 45.69%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 85.06%.

Hormel Foods's earnings in 2023 is $999,987,000.On average, 7 Wall Street analysts forecast HRL's earnings for 2023 to be $1,131,098,082, with the lowest HRL earnings forecast at $1,103,776,872, and the highest HRL earnings forecast at $1,142,026,565.

In 2024, HRL is forecast to generate $1,202,133,227 in earnings, with the lowest earnings forecast at $1,174,812,017 and the highest earnings forecast at $1,223,990,195.

What is HRL's revenue growth forecast for 2023-2024?

(NYSE: HRL) Hormel Foods's forecast annual revenue growth rate of 2.99% is not forecast to beat the US Packaged Foods industry's average forecast revenue growth rate of 5.8%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 70.6%.

Hormel Foods's revenue in 2023 is $12,458,806,000.On average, 4 Wall Street analysts forecast HRL's revenue for 2023 to be $7,011,679,739,835, with the lowest HRL revenue forecast at $6,795,167,349,326, and the highest HRL revenue forecast at $7,223,727,844,680.

In 2024, HRL is forecast to generate $7,083,919,750,403 in revenue, with the lowest revenue forecast at $6,973,684,133,506 and the highest revenue forecast at $7,194,155,367,301.

What is HRL's forecast return on assets (ROA) for 2023-2024?

(NYSE: HRL) forecast ROA is 9.03%, which is higher than the forecast US Packaged Foods industry average of 7.42%.

What is HRL's Price Target?

According to 7 Wall Street analysts that have issued a 1 year HRL price target, the average HRL price target is $49.43, with the highest HRL stock price forecast at $55.00 and the lowest HRL stock price forecast at $44.00.

On average, Wall Street analysts predict that Hormel Foods's share price could reach $49.43 by Dec 30, 2023. The average Hormel Foods stock price prediction forecasts a potential upside of 9.26% from the current HRL share price of $45.24.

What is HRL's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: HRL) Hormel Foods's current Earnings Per Share (EPS) is $1.84. On average, analysts forecast that HRL's EPS will be $2.07 for 2023, with the lowest EPS forecast at $2.02, and the highest EPS forecast at $2.09. In 2024, HRL's EPS is forecast to hit $2.20 (min: $2.15, max: $2.24).

What is HRL's forecast return on equity (ROE) for 2023-2024?

(NYSE: HRL) forecast ROE is 15.95%, which is considered weak.
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