04/05/2016 – Hormel Foods Corporation was downgraded to “underweight” by analysts at BB&T Capital Markets.
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“While we agree that the company is still vulnerable to perhaps as much as 150 bps of margin contraction ($0.18/share) if pork packing capacity accelerates too fast or if corn prices skyrocket, we don’t see either of these scenarios playing out in the next 12 months”, Moskow continued. The difference between the expected and actual EPS was $0.01/share, which represents an Earnings surprise of 2.9%.
Traders are bullish on Hormel Foods Corporation (HRL) as it has outperformed the S&P 500 by a wide margin of 4.43% in the past 4 weeks. These analysts have also projected a Low Estimate of $0.41/share and a High Estimate of $0.45/share.
Hormel Foods Corporation had its “hold” rating reiterated by analysts at Deutsche Bank. 3 Months Ago, the stock has been rated as “Buy” from 1 Analysts. “2” brokerage firms have rated the company as a “Hold”.
These analysts also forecasted Growth Estimates for the Current Quarter for HRL to be 16.2%.
Regarding Hormel’s clear path to volume growth, Mr. Moskow said the company reached somewhat of a tipping point in its sales trends in the third quarter with volume growth in four of its five divisions.
Price Momentum: Despite the 4.37% rise in value, the stock’s new closing price reflects a -14.79% fall in price from company’s one year high of $45.72. Finally, Zacks Investment Research lowered Hormel Foods Corp. from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 6th.
Hormel Foods Corporation’s (HRL), a part of Consumer Goods sector and belongs to Meat Products industry; ended its day with a gain of 4.37% and finalized at the price of $38.66. CY market capitalization is 3.64B with 6279 employees.
The stock price demonstrated downbeat change from its 50 day moving average of 36.68 and had been down from its 200 Day Moving Average of 38.86. Current price level places the company’s stock about -7.78% from the 52-week high and 52.3% away from the 52-week low.
Hormel Foods Corporation (NYSE:HRL) negotiated 5.06 million shares against it an average volume of 2.93 million shares.
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Ball Corporation’s (BLL) has price-to-cash ratio of 2.19 and price to sale ratio of 1.82. It maintained return on assets (ROA) for the last twelve months at 48.31%. The Return on Equity (ROE) value stands at 19.8%. Therefore, it turns out to be confusing for shareholders to make an appropriate investment choice. A look on the firm performance, its monthly performance is 4.91% and a quarterly performance of 11.34%.
