Hormel Foods (HRL) Stock Forecast for 2024–2028. Sell or Buy Prediction







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Hormel Foods (HRL) Stock Forecast for 2024–2028. Sell or Buy?

Updated: May 30, 2024 (12:30)

Sector: Consumer defensive

The share price of Hormel Foods Corp. (HRL) now

Latest session on the 29th of May for
Hormel Foods Corp. is negative
Trading Volume: 3770869
Open: 34.44 /  High: 34.545 /  Low: 34.02
What analysts predict: $32.43
52-week High/Low: $40.68 / $28.28

50/200 Day Moving Average: $35.04 / $34.0

This figure corresponds to the Average Price over the previous 50/200 days. For Hormel Foods stocks, the 50-day moving average is the resistance level today.

For Hormel Foods stocks, the 200-day moving average is the support level today.

Are you interested in Hormel Foods Corp. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Hormel Foods stock price in 2024, 2025, 2026, 2027, 2028. How much will one Hormel Foods share be worth in 2024 - 2028?

When should I take profit in Hormel Foods stock? When should I record a loss on Hormel Foods stock? What are analysts' forecasts for Hormel Foods stock? What is the future of Hormel Foods stock? We forecast Hormel Foods stock performance using neural networks based on historical data on Hormel Foods stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

Hormel Foods stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2024, 2025, 2026, 2027 and 2028) The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Hormel Foods shares. This happens once a day.


Historical and forecast chart of Hormel Foods stock

The chart below shows the historical price of Hormel Foods stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Hormel Foods stock price can be found in the table below.

Long-term forecasts by years.

Hormel Foods Corporation manufactures and markets a variety of meat and food products to retail, food service, deli, and commercial customers in the United States and overseas. The company operates in four segments: grocery, chilled food, Jennie-O store in Turkey, and international and other products.

Hormel Foods daily forecast for a month

Date Target Pes. Opt. Vol., %
Jun 01 34.29 34.22 34.48 0.77
Jun 02 34.24 34.15 34.47 0.94
Jun 03 33.95 33.84 34.09 0.73
Jun 04 34.09 33.88 34.35 1.39
Jun 05 33.97 33.85 34.22 1.10
Jun 06 34.18 33.91 34.35 1.31
Jun 07 34.20 33.94 34.32 1.11
Jun 08 34.18 34.08 34.38 0.88
Jun 09 34.10 33.93 34.31 1.12
Jun 10 34.27 34.07 34.52 1.32
Jun 11 33.96 33.87 34.04 0.49
Jun 12 34.04 33.94 34.12 0.53
Jun 13 34.17 34.07 34.31 0.71
Jun 14 34.32 34.11 34.56 1.32
Jun 15 34.45 34.17 34.64 1.36
Jun 16 34.78 34.60 34.94 0.96
Jun 17 34.92 34.77 35.12 0.99
Jun 18 34.97 34.80 35.19 1.12
Jun 19 34.64 34.52 34.85 0.95
Jun 20 34.50 34.31 34.75 1.30
Jun 21 34.47 34.27 34.72 1.32
Jun 22 34.38 34.31 34.51 0.57
Jun 23 34.70 34.58 34.93 1.00
Jun 24 34.58 34.30 34.76 1.32
Jun 25 34.71 34.50 34.87 1.06
Jun 26 34.75 34.60 34.96 1.03
Jun 27 34.74 34.67 34.93 0.75
Jun 28 34.85 34.65 35.03 1.11
Jun 29 34.50 34.40 34.77 1.08
Jun 30 34.51 34.33 34.72 1.12

Hormel Foods Daily Price Targets


Hormel Foods Stock Forecast 06-01-2024.

Forecast target price for 06-01-2024: $34.29.
Positive dynamics for Hormel Foods shares will prevail with possible volatility of 0.766%.
Pessimistic target level: 34.22
Optimistic target level: 34.48

Hormel Foods Stock Forecast 06-02-2024.

Forecast target price for 06-02-2024: $34.24.
Negative dynamics for Hormel Foods shares will prevail with possible volatility of 0.934%.
Pessimistic target level: 34.15
Optimistic target level: 34.47

Hormel Foods Stock Forecast 06-03-2024.

Forecast target price for 06-03-2024: $33.95.
Negative dynamics for Hormel Foods shares will prevail with possible volatility of 0.727%.
Pessimistic target level: 33.84
Optimistic target level: 34.09

Hormel Foods Stock Forecast 06-04-2024.

Forecast target price for 06-04-2024: $34.09.
Positive dynamics for Hormel Foods shares will prevail with possible volatility of 1.370%.
Pessimistic target level: 33.88
Optimistic target level: 34.35

Hormel Foods Stock Forecast 06-05-2024.

Forecast target price for 06-05-2024: $33.97.
Negative dynamics for Hormel Foods shares will prevail with possible volatility of 1.092%.
Pessimistic target level: 33.85
Optimistic target level: 34.22

Hormel Foods Stock Forecast 06-06-2024.

Forecast target price for 06-06-2024: $34.18.
Positive dynamics for Hormel Foods shares will prevail with possible volatility of 1.293%.
Pessimistic target level: 33.91
Optimistic target level: 34.35

HRL (HRL) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Jun. 36.59 36.00 37.69 4.49
Jul. 35.83 35.35 36.90 4.19
Aug. 35.53 34.08 36.87 7.57
Sep. 35.70 34.11 37.07 7.97
Oct. 36.45 35.11 37.47 6.30
Nov. 36.29 34.75 36.73 5.40
Dec. 37.14 35.43 37.72 6.08

Hormel Foods forecast for this year


Hormel Foods Stock Prediction for Jun 2024

An uptrend is forecast for this month with an optimal target price of $36.5946. Pessimistic: $36.00. Optimistic: $37.69


Hormel Foods Stock Prediction for Jul 2024

An downtrend is forecast for this month with an optimal target price of $35.8261. Pessimistic: $35.35. Optimistic: $36.90


Hormel Foods Stock Prediction for Aug 2024

An downtrend is forecast for this month with an optimal target price of $35.5252. Pessimistic: $34.08. Optimistic: $36.87


Hormel Foods Stock Prediction for Sep 2024

An uptrend is forecast for this month with an optimal target price of $35.6957. Pessimistic: $34.11. Optimistic: $37.07


Hormel Foods Stock Prediction for Oct 2024

An uptrend is forecast for this month with an optimal target price of $36.4453. Pessimistic: $35.11. Optimistic: $37.47


Hormel Foods Stock Prediction for Nov 2024

An downtrend is forecast for this month with an optimal target price of $36.2923. Pessimistic: $34.75. Optimistic: $36.73


Hormel Foods Stock Prediction for Dec 2024

An uptrend is forecast for this month with an optimal target price of $37.1415. Pessimistic: $35.43. Optimistic: $37.72



Hormel Foods (HRL) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 37.45 35.93 39.14 8.21
Mar 36.33 35.37 37.38 5.37
Mar 37.86 36.74 39.67 7.39
Apr 36.67 35.57 37.14 4.21
May 34.72 33.05 35.78 7.63
Jun 35.47 34.00 36.53 6.93
Jul 37.08 35.41 37.86 6.46
Aug 39.09 38.48 40.31 4.54
Sep 38.12 36.48 38.74 5.85
Oct 38.42 36.88 39.39 6.38
Nov 37.68 36.80 39.20 6.11
Dec 39.88 38.66 40.48 4.49

Hormel Foods (HRL) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 40.62 39.89 41.69 4.33
Mar 41.03 39.78 42.07 5.44
Mar 40.81 40.15 41.52 3.30
Apr 41.94 40.81 42.97 5.04
May 41.56 40.64 42.51 4.40
Jun 41.59 41.04 42.51 3.46
Jul 43.26 41.99 43.93 4.43
Aug 42.56 41.94 44.22 5.14
Sep 41.31 40.71 43.14 5.63
Oct 40.96 40.15 42.68 5.93
Nov 41.82 40.56 42.95 5.55
Dec 42.42 40.44 43.52 7.08

Hormel Foods (HRL) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 42.98 40.94 43.68 6.26
Mar 43.91 41.80 44.99 7.09
Mar 44.25 42.76 46.27 7.57
Apr 43.99 43.30 44.96 3.70
May 45.78 44.60 46.60 4.30
Jun 47.40 45.81 49.31 7.09
Jul 48.28 46.72 49.15 4.95
Aug 49.53 48.76 51.76 5.80
Sep 47.89 45.97 48.61 5.44
Oct 48.53 46.31 49.72 6.85
Nov 48.93 47.70 50.20 4.97
Dec 50.28 48.96 51.58 5.09

Hormel Foods (HRL) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 52.79 51.36 55.32 7.16
Feb 52.12 50.59 54.16 6.58
Mar 53.06 51.85 54.78 5.35
Apr 53.48 51.29 55.79 8.05
May 55.69 54.62 57.26 4.61
Jun 56.83 55.36 58.50 5.36
Jul 56.35 54.39 58.07 6.35
Aug 56.52 55.06 58.55 5.97
Sep 54.62 52.29 57.08 8.38
Oct 54.09 51.69 55.33 6.57
Nov 51.76 50.17 53.68 6.54
Dec 50.45 48.27 52.00 7.16

Hormel Foods information and performance

Hormel Foods Address

1 HORMEL PL, AUSTIN, MN, US

Market Capitalization: 19 004 774 000 $

Market capitalization of the Hormel Foods Corp. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of HRL shares in the company outstanding by the market price of one share.

EBITDA: 1 308 003 000 $

EBITDA of Hormel Foods is earnings before interest, income tax and depreciation of assets.

PE Ratio: 23.93

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 2.96

Price/earnings to growth

DPS: 1.108

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: 0.0322

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 1.45

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: 0.004
Quarterly Revenue Growth YOY: 0.009
Trailing PE: 23.93

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 21.19

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 1.723

Enterprise Value (EV) /Revenue

EV To EBITDA: 15.52

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 547688000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

Hormel Foods (HRL) stock dividend

Hormel Foods last paid dividends on 07/15/2024. The next scheduled payment will be on 08/15/2024. The amount of dividends is $1.108 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.

Last Split Factor:

Last Split Date: 01/01/1970

Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.

For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.




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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.