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

Analyst price target for HRL

Based on 4 analysts offering 12 month price targets for Hormel Foods Corp.
Min Forecast
$28.00-16.09%
Avg Forecast
$31.00-7.1%
Max Forecast
$35.00+4.88%

Should I buy or sell HRL stock?

Based on 4 analysts offering ratings for Hormel Foods Corp.
Sell
Strong Buy
0 analysts 0%
Buy
0 analysts 0%
Hold
2 analysts 50%
Sell
0 analysts 0%
Strong Sell
2 analysts 50%

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HRL stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-03-01
lockedlocked$00.00+00.00%2024-03-01
lockedlocked$00.00+00.00%2024-03-01
lockedlocked$00.00+00.00%2024-01-12

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Forecast return on equity

Is HRL forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
19.97%

Forecast return on assets

Is HRL forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

HRL revenue forecast

What is HRL's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$12.2B+0.2%
Avg 2 year Forecast
$12.3B+1.48%
Avg 3 year Forecast
$12.6B+3.44%
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
41.9%
Industry
21.63%
Market
30.41%
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
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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
0.84%
Industry
2.5%
Market
10.46%
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$33.37$31.00-7.10%Sell
MKC$67.81$73.86+8.92%Hold
K$54.83$60.58+10.49%Hold
LW$102.05$127.80+25.23%Strong Buy
CAG$27.78$30.38+9.34%Hold

Hormel Foods Stock Forecast FAQ

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

The consensus among 4 Wall Street analysts covering (NYSE: HRL) stock is to Sell HRL stock.

Out of 4 analysts, 0 (0%) are recommending HRL as a Strong Buy, 0 (0%) are recommending HRL as a Buy, 2 (50%) are recommending HRL as a Hold, 0 (0%) are recommending HRL as a Sell, and 2 (50%) 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 revenue growth forecast for 2024-2026?

(NYSE: HRL) Hormel Foods's forecast annual revenue growth rate of 0.84% is not forecast to beat the US Packaged Foods industry's average forecast revenue growth rate of 2.5%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.46%.

Hormel Foods's revenue in 2024 is $12,135,929,000.On average, 4 Wall Street analysts forecast HRL's revenue for 2024 to be $6,660,042,516,316, with the lowest HRL revenue forecast at $6,577,673,043,022, and the highest HRL revenue forecast at $6,701,006,808,712. On average, 4 Wall Street analysts forecast HRL's revenue for 2025 to be $6,744,860,153,082, with the lowest HRL revenue forecast at $6,677,461,719,734, and the highest HRL revenue forecast at $6,768,016,383,880.

In 2026, HRL is forecast to generate $6,875,063,564,063 in revenue, with the lowest revenue forecast at $6,842,080,175,053 and the highest revenue forecast at $6,924,474,294,288.

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

(NYSE: HRL) forecast ROA is N/A, which is lower than the forecast US Packaged Foods industry average of N/A.

What is HRL's Price Target?

According to 4 Wall Street analysts that have issued a 1 year HRL price target, the average HRL price target is $31.00, with the highest HRL stock price forecast at $35.00 and the lowest HRL stock price forecast at $28.00.

On average, Wall Street analysts predict that Hormel Foods's share price could fall to $31.00 by Mar 1, 2025. The average Hormel Foods stock price prediction forecasts a potential downside of 7.1% from the current HRL share price of $33.37.

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

(NYSE: HRL) forecast ROE is N/A, which is considered weak.
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