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Hormel Foods (HRL) Stock Forecast for 2024–2028. Sell or Buy?
Updated: July 27, 2024 (00:30)
Sector: Consumer defensiveThe share price of Hormel Foods Corp. (HRL) now
50/200 Day Moving Average: $31.84 / $32.46
This figure corresponds to the Average Price over the previous 50/200 days. For Hormel Foods stocks, the 50-day moving average is the support level today.
For Hormel Foods stocks, the 200-day moving average is the resistance 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., % |
|---|---|---|---|---|
| Jul 28 | 32.05 | 31.96 | 32.12 | 0.51 |
| Jul 29 | 32.19 | 31.96 | 32.26 | 0.94 |
| Jul 30 | 32.25 | 32.12 | 32.33 | 0.64 |
| Jul 31 | 32.05 | 31.80 | 32.27 | 1.48 |
| Aug 01 | 31.91 | 31.75 | 32.06 | 0.97 |
| Aug 02 | 32.23 | 32.04 | 32.29 | 0.77 |
| Aug 03 | 32.18 | 32.03 | 32.36 | 1.03 |
| Aug 04 | 32.30 | 32.09 | 32.43 | 1.06 |
| Aug 05 | 32.28 | 32.12 | 32.36 | 0.75 |
| Aug 06 | 32.21 | 32.05 | 32.37 | 1.00 |
| Aug 07 | 32.22 | 32.15 | 32.40 | 0.76 |
| Aug 08 | 32.44 | 32.37 | 32.54 | 0.54 |
| Aug 09 | 32.44 | 32.31 | 32.54 | 0.71 |
| Aug 10 | 32.50 | 32.41 | 32.72 | 0.94 |
| Aug 11 | 32.37 | 32.29 | 32.51 | 0.66 |
| Aug 12 | 32.55 | 32.44 | 32.61 | 0.54 |
| Aug 13 | 32.66 | 32.59 | 32.91 | 0.96 |
| Aug 14 | 32.87 | 32.72 | 32.97 | 0.75 |
| Aug 15 | 32.71 | 32.64 | 32.86 | 0.66 |
| Aug 16 | 32.49 | 32.41 | 32.67 | 0.81 |
| Aug 17 | 32.37 | 32.17 | 32.55 | 1.18 |
| Aug 18 | 32.41 | 32.25 | 32.65 | 1.23 |
| Aug 19 | 32.45 | 32.32 | 32.54 | 0.67 |
| Aug 20 | 32.74 | 32.64 | 32.89 | 0.75 |
| Aug 21 | 32.66 | 32.47 | 32.91 | 1.35 |
| Aug 22 | 32.70 | 32.55 | 32.96 | 1.26 |
| Aug 23 | 32.51 | 32.34 | 32.59 | 0.76 |
| Aug 24 | 32.36 | 32.11 | 32.58 | 1.47 |
| Aug 25 | 32.28 | 32.02 | 32.50 | 1.47 |
| Aug 26 | 32.31 | 32.18 | 32.52 | 1.06 |
Hormel Foods Daily Price Targets
Hormel Foods Stock Forecast 07-28-2024.
Forecast target price for 07-28-2024: $32.05.
Positive dynamics for Hormel Foods shares will prevail with possible volatility of 0.509%.
Pessimistic target level: 31.96
Optimistic target level: 32.12
Hormel Foods Stock Forecast 07-29-2024.
Forecast target price for 07-29-2024: $32.19.
Positive dynamics for Hormel Foods shares will prevail with possible volatility of 0.928%.
Pessimistic target level: 31.96
Optimistic target level: 32.26
Hormel Foods Stock Forecast 07-30-2024.
Forecast target price for 07-30-2024: $32.25.
Positive dynamics for Hormel Foods shares will prevail with possible volatility of 0.638%.
Pessimistic target level: 32.12
Optimistic target level: 32.33
Hormel Foods Stock Forecast 07-31-2024.
Forecast target price for 07-31-2024: $32.05.
Negative dynamics for Hormel Foods shares will prevail with possible volatility of 1.460%.
Pessimistic target level: 31.80
Optimistic target level: 32.27
Hormel Foods Stock Forecast 08-01-2024.
Forecast target price for 08-01-2024: $31.91.
Negative dynamics for Hormel Foods shares will prevail with possible volatility of 0.965%.
Pessimistic target level: 31.75
Optimistic target level: 32.06
Hormel Foods Stock Forecast 08-02-2024.
Forecast target price for 08-02-2024: $32.23.
Positive dynamics for Hormel Foods shares will prevail with possible volatility of 0.768%.
Pessimistic target level: 32.04
Optimistic target level: 32.29
HRL (HRL) Monthly Stock Prediction for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Aug. | 31.50 | 30.40 | 32.54 | 6.56 |
| Sep. | 30.63 | 30.09 | 32.04 | 6.08 |
| Oct. | 29.73 | 29.30 | 30.14 | 2.78 |
| Nov. | 30.39 | 28.96 | 31.70 | 8.63 |
| Dec. | 28.82 | 27.94 | 29.56 | 5.50 |
Hormel Foods forecast for this year
Hormel Foods Stock Prediction for Aug 2024
An downtrend is forecast for this month with an optimal target price of $31.4961. Pessimistic: $30.40. Optimistic: $32.54
Hormel Foods Stock Prediction for Sep 2024
An downtrend is forecast for this month with an optimal target price of $30.6268. Pessimistic: $30.09. Optimistic: $32.04
Hormel Foods Stock Prediction for Oct 2024
An downtrend is forecast for this month with an optimal target price of $29.7264. Pessimistic: $29.30. Optimistic: $30.14
Hormel Foods Stock Prediction for Nov 2024
An uptrend is forecast for this month with an optimal target price of $30.3863. Pessimistic: $28.96. Optimistic: $31.70
Hormel Foods Stock Prediction for Dec 2024
An downtrend is forecast for this month with an optimal target price of $28.8184. Pessimistic: $27.94. Optimistic: $29.56
Hormel Foods (HRL) Monthly Stock Prediction for 2025
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 29.91 | 28.88 | 30.55 | 5.46 |
| Feb | 30.91 | 30.41 | 32.36 | 6.02 |
| Mar | 31.17 | 30.03 | 31.62 | 5.03 |
| Apr | 31.19 | 30.27 | 31.88 | 5.05 |
| May | 30.95 | 29.98 | 31.43 | 4.61 |
| Jun | 31.75 | 30.53 | 33.12 | 7.82 |
| Jul | 31.38 | 29.95 | 32.04 | 6.52 |
| Aug | 31.25 | 30.54 | 32.43 | 5.84 |
| Sep | 31.50 | 30.10 | 32.29 | 6.79 |
| Oct | 30.55 | 29.52 | 31.58 | 6.50 |
| Nov | 29.76 | 29.35 | 30.69 | 4.36 |
| Dec | 29.03 | 28.23 | 29.73 | 5.04 |
Hormel Foods (HRL) Monthly Stock Prediction for 2026
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 29.75 | 28.44 | 31.03 | 8.34 |
| Feb | 31.46 | 31.04 | 32.93 | 5.73 |
| Mar | 29.84 | 28.83 | 30.52 | 5.51 |
| Apr | 29.39 | 28.70 | 29.74 | 3.50 |
| May | 29.63 | 29.12 | 30.10 | 3.25 |
| Jun | 28.82 | 28.30 | 29.94 | 5.49 |
| Jul | 28.47 | 27.16 | 29.26 | 7.18 |
| Aug | 29.53 | 28.86 | 30.81 | 6.33 |
| Sep | 29.12 | 28.44 | 29.94 | 5.02 |
| Oct | 28.35 | 27.18 | 29.41 | 7.58 |
| Nov | 27.72 | 27.39 | 28.42 | 3.63 |
| Dec | 26.84 | 26.36 | 27.91 | 5.54 |
Hormel Foods (HRL) Monthly Stock Prediction for 2027
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 26.50 | 25.80 | 27.27 | 5.37 |
| Feb | 25.93 | 25.08 | 26.82 | 6.50 |
| Mar | 25.17 | 24.44 | 25.88 | 5.54 |
| Apr | 25.12 | 24.10 | 25.73 | 6.33 |
| May | 26.44 | 25.86 | 27.56 | 6.16 |
| Jun | 26.04 | 24.85 | 26.38 | 5.80 |
| Jul | 25.71 | 24.57 | 26.02 | 5.57 |
| Aug | 26.88 | 25.59 | 28.04 | 8.74 |
| Sep | 27.04 | 25.99 | 28.18 | 7.77 |
| Oct | 27.60 | 27.17 | 28.77 | 5.58 |
| Nov | 26.98 | 25.77 | 27.83 | 7.39 |
| Dec | 27.13 | 26.30 | 27.86 | 5.61 |
Hormel Foods (HRL) Monthly Stock Prediction for 2028
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 27.32 | 26.21 | 28.00 | 6.38 |
| Feb | 27.65 | 26.62 | 28.13 | 5.37 |
| Mar | 28.10 | 27.09 | 29.25 | 7.38 |
| Apr | 29.04 | 28.37 | 29.45 | 3.67 |
| May | 28.96 | 28.19 | 30.23 | 6.73 |
| Jun | 28.51 | 27.86 | 29.33 | 5.02 |
| Jul | 29.50 | 28.93 | 30.35 | 4.67 |
| Aug | 31.09 | 30.05 | 31.97 | 6.01 |
| Sep | 30.27 | 29.62 | 30.72 | 3.61 |
| Oct | 30.71 | 30.21 | 31.70 | 4.71 |
| Nov | 31.17 | 30.51 | 31.62 | 3.49 |
| Dec | 31.76 | 30.96 | 33.25 | 6.88 |
Hormel Foods information and performance
1 HORMEL PL, AUSTIN, MN, US
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 of Hormel Foods is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
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.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
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 P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
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 $1.115 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 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.
