Hormel Foods Corp (HRL) concluded trading on Thursday at a closing price of $29.89, with 2.89 million shares of worth about $86.52 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.06% during that period and on January 16, 2025 the price saw a gain of about 0.98%. Currently the company’s common shares owned by public are about 548.61M shares, out of which, 291.09M shares are available for trading.
Stock saw a price change of -1.81% in past 5 days and over the past one month there was a price change of -9.26%. Year-to-date (YTD), HRL shares are showing a performance of -4.72% which decreased to -4.57% 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 $36.86 during that period. The average intraday trading volume for Hormel Foods Corp shares is 2.39 million. The stock is currently trading -3.66% below its 20-day simple moving average (SMA20), while that difference is down -4.31% for SMA50 and it goes to -6.97% lower than SMA200.
Hormel Foods Corp (NYSE: HRL) currently have 548.61M outstanding shares and institutions hold larger chunk of about 40.77% of that.
The stock has a current market capitalization of $16.41B and its 3Y-monthly beta is at 0.26. PE ratio of stock for trailing 12 months is 20.38, while it has posted earnings per share of $1.47 in the same period. Its PEG reads 3.18 and has Quick Ratio of 1.19 while making debt-to-equity ratio of 0.38. 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 2.45% while standing at 1.97% over the month.
Stock’s fiscal year EPS is expected to rise by 5.05% while it is estimated to increase by 9.76% in next year. EPS is likely to grow at an annualized rate of 6.41% for next 5-years, compared to annual growth of -3.96% 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 Exane BNP Paribas on October 21, 2024 offering an Underperform rating for the stock and assigned a target price of $28 to it. Coverage by Stephens stated Hormel Foods Corp (HRL) stock as an Equal-weight in their note to investors on October 03, 2024, suggesting a price target of $31 for the stock. On August 13, 2024, Citigroup Upgrade their recommendations, while on May 31, 2024, JP Morgan Upgrade their ratings for the stock with a price target of $29. Stock get a Neutral rating from Citigroup on February 01, 2024.
