Hormel Foods Corp. (HRL) concluded trading on Thursday at a closing price of $31.11, with 2.16 million shares of worth about $67.3 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.54% during that period and on October 03, 2024 the price saw a loss of about -1.36%. Currently the company’s common shares owned by public are about 546.60M shares, out of which, 290.54M shares are available for trading.
Stock saw a price change of -1.46% in past 5 days and over the past one month there was a price change of 0.32%. Year-to-date (YTD), HRL shares are showing a performance of -3.11% which decreased to -17.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.51 but also hit the highest price of $38.27 during that period. The average intraday trading volume for Hormel Foods Corp. shares is 2.27 million. The stock is currently trading -2.40% below its 20-day simple moving average (SMA20), while that difference is down -2.84% for SMA50 and it goes to -3.93% lower than SMA200.
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Hormel Foods Corp. (NYSE: HRL) currently have 546.60M outstanding shares and institutions hold larger chunk of about 41.34% of that.
The stock has a current market capitalization of $17.06B and its 3Y-monthly beta is at 0.25. PE ratio of stock for trailing 12 months is 21.85, while it has posted earnings per share of $1.42 in the same period. Its PEG reads 3.52 and has Quick Ratio of 1.03 while making debt-to-equity ratio of 0.36. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HRL, volatility over the week remained 1.36% while standing at 1.73% over the month.
Stock’s fiscal year EPS is expected to drop by -1.59% while it is estimated to increase by 6.37% in next year. EPS is likely to grow at an annualized rate of 6.20% for next 5-years, compared to annual growth of -4.93% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stephens on Oct-04-24 offering an Equal-weight rating for the stock and assigned a target price of $31 to it. Coverage by Citigroup stated Hormel Foods Corp. (HRL) stock as a Buy in their note to investors on August 13, 2024, suggesting a price target of $37 for the stock. On May 31, 2024, JP Morgan Upgrade their recommendations, while on February 01, 2024, Citigroup Initiated their ratings for the stock with a price target of $31. Stock get a Hold rating from Argus on March 30, 2023.
