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

OverviewForecast
EarningsRevenueDividendOwnership

Analyst price target for HRL

Based on 2 analysts offering 12 month price targets for Hormel Foods Corp.
Min Forecast
$32.00+2.96%
Avg Forecast
$34.50+11%
Max Forecast
$37.00+19.05%

Should I buy or sell HRL stock?

Based on 2 analysts offering ratings for Hormel Foods Corp.
Buy
Strong Buy
1 analysts 50%
Buy
0 analysts 0%
Hold
1 analysts 50%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their HRL stock forecasts and price targets.

HRL stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-10-03
lockedlocked$00.00+00.00%2024-08-13
lockedlocked$00.00+00.00%2024-05-31

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Forecast return on equity

Is HRL forecast to generate an efficient return?
Company
13.21%
Industry
15.88%
Market
52.27%
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
7.92%
Industry
7.92%
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 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$1.58+10.35%
Avg 2 year Forecast
$1.68+17.2%
Avg 3 year Forecast
$1.90+32.52%
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 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$11.9B-0.52%
Avg 2 year Forecast
$12.2B+1.63%
Avg 3 year Forecast
$12.5B+4.04%
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
9.3%
Industry
24.87%
Market
20.09%
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
0.85%
Industry
2.83%
Market
8.82%
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$31.08$34.50+11.00%Buy
CPB$47.41$51.00+7.57%Hold
CAG$29.37$31.63+7.68%Buy
MKC$80.18$84.00+4.76%Buy
SJM$116.82$128.14+9.69%Buy
View Top Food Stocks

Hormel Foods Stock Forecast FAQ

Is Hormel Foods Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 2 Wall Street analysts covering (NYSE: HRL) stock is to Buy HRL stock.

Out of 2 analysts, 1 (50%) are recommending HRL as a Strong Buy, 0 (0%) are recommending HRL as a Buy, 1 (50%) are recommending HRL as a Hold, 0 (0%) are recommending HRL as a Sell, and 0 (0%) 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 2024-2026?

(NYSE: HRL) Hormel Foods's forecast annual earnings growth rate of 9.3% is not forecast to beat the US Packaged Foods industry's average forecast earnings growth rate of 24.87%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 20.09%.

Hormel Foods's earnings in 2024 is $780,777,000.On average, 5 Wall Street analysts forecast HRL's earnings for 2024 to be $865,317,791, with the lowest HRL earnings forecast at $860,930,882, and the highest HRL earnings forecast at $871,898,154. On average, 5 Wall Street analysts forecast HRL's earnings for 2025 to be $919,057,425, with the lowest HRL earnings forecast at $893,832,699, and the highest HRL earnings forecast at $948,669,061.

In 2026, HRL is forecast to generate $1,039,149,058 in earnings, with the lowest earnings forecast at $1,025,439,968 and the highest earnings forecast at $1,052,858,148.

What is HRL's revenue growth forecast for 2024-2026?

(NYSE: HRL) Hormel Foods's forecast annual revenue growth rate of 0.85% is not forecast to beat the US Packaged Foods industry's average forecast revenue growth rate of 2.83%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.82%.

Hormel Foods's revenue in 2024 is $11,980,786,000.On average, 3 Wall Street analysts forecast HRL's revenue for 2024 to be $6,535,847,269,410, with the lowest HRL revenue forecast at $6,517,213,873,636, and the highest HRL revenue forecast at $6,546,474,556,346. On average, 3 Wall Street analysts forecast HRL's revenue for 2025 to be $6,677,109,027,846, with the lowest HRL revenue forecast at $6,582,386,889,754, and the highest HRL revenue forecast at $6,794,713,283,031.

In 2026, HRL is forecast to generate $6,835,396,379,925 in revenue, with the lowest revenue forecast at $6,835,275,739,928 and the highest revenue forecast at $6,835,517,019,921.

What is HRL's forecast return on assets (ROA) for 2024-2026?

(NYSE: HRL) forecast ROA is 7.92%, which is higher than the forecast US Packaged Foods industry average of 7.92%.

What is HRL's Price Target?

According to 2 Wall Street analysts that have issued a 1 year HRL price target, the average HRL price target is $34.50, with the highest HRL stock price forecast at $37.00 and the lowest HRL stock price forecast at $32.00.

On average, Wall Street analysts predict that Hormel Foods's share price could reach $34.50 by Aug 13, 2025. The average Hormel Foods stock price prediction forecasts a potential upside of 11% from the current HRL share price of $31.08.

What is HRL's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: HRL) Hormel Foods's current Earnings Per Share (EPS) is $1.43. On average, analysts forecast that HRL's EPS will be $1.58 for 2024, with the lowest EPS forecast at $1.57, and the highest EPS forecast at $1.59. On average, analysts forecast that HRL's EPS will be $1.68 for 2025, with the lowest EPS forecast at $1.63, and the highest EPS forecast at $1.73. In 2026, HRL's EPS is forecast to hit $1.90 (min: $1.87, max: $1.92).

What is HRL's forecast return on equity (ROE) for 2024-2026?

(NYSE: HRL) forecast ROE is 13.21%, which is considered weak.
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