The company has a market cap of $18.99 billion.
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Hormel Foods Corporation (NYSE:HRL) on Thursday reported fiscal third-quarter earnings of $195.7 million. The company has an Average Rating of 2.86 based on analysts tracked by Thomson Reuters. Company has a sales growth for the last five (5) years is valued at 5.10%. Now the company has earned “Buy” from 1 equity analysts.
Hormel Foods Corp (NYSE:HRL) mean estimate for revenue for the ongoing quarter ending Jul 16 is $2.26B by 7 analysts. According to these analysts, the Low Revenue Estimate for Hormel Foods Corporation is 2.18 Billion and the High Revenue Estimate is 2.37 Billion. The consensus rating is 2.9, suggesting the market has given up on the stock. They do not reflect on the certified policy or position of any business stakeholders, financial specialists, or economic analysts.
Different Analysts projected the EPS Estimate for Next Quarter. For the next 5 years, Hormel Foods Corporation is expecting Growth of 12.4% per annum, whereas in the past 5 years the growth was 14.7% per annum. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell The mean price target for the shares of company is at $67.70 while the highest price target suggested by the analysts is $71.50 and low price target is $64.00.
When it comes to the Analysis of a Stock, Price Target plays a vital role.
Hormel Foods Corp (NYSE:HRL) went up +1.73% during trading on 8/12/2016, hitting $37.10.
To analyze a stock, one should look for Upgrades and Downgrades of a stock. The New York New York 10281 based company is now trading 17.88% above its 52 week low of $12.23 and -34.81% below its 52 week high of $22.12. The stock concluded the recent trade at $36.19 with downbeat trend move of -1.42%. Both the RSI indicator and target price of and $17.75 respectively, lead us to believe that it could rise over the coming weeks. (NASDAQ:SNPS) traded 1.17 Million shares and was closed at 55.89.
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Sell-side analyst recommendations point to a short term price target of $38.8 on the shares of Hormel Foods Corporation (HRL). The company generated return on equity (ROE) of 19.20%. Its EPS also jumped 33 percent from $0.27 to $0.36 and came in above the Street expectations by a penny. Its weekly performance is 1.05% while year to date (YTD) performance is 13.42%.
