Hormel Foods Corp (HRL) concluded trading on Wednesday at a closing price of $29.77, with 3.08 million shares of worth about $91.77 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.48% during that period and on Wednesday the price saw a loss of about -0.57%. Currently the company’s common shares owned by public are about 549.79M shares, out of which, 291.24M shares are available for trading.
Stock saw a price change of 1.88% in past 5 days and over the past one month there was a price change of 5.23%. Year-to-date (YTD), HRL shares are showing a performance of -5.10% which decreased to -12.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $27.59 but also hit the highest price of $36.86 during that period. The average intraday trading volume for Hormel Foods Corp shares is 2.85 million. The stock is currently trading 1.42% above its 20-day simple moving average (SMA20), while that difference is up 0.55% for SMA50 and it goes to -3.87% lower than SMA200.
Hormel Foods Corp (NYSE: HRL) currently have 549.79M outstanding shares and institutions hold larger chunk of about 42.49% of that.
The stock has a current market capitalization of $16.37B and its 3Y-monthly beta is at 0.33. PE ratio of stock for trailing 12 months is 21.61, while it has posted earnings per share of $1.38 in the same period. Its PEG reads 3.32 and has Quick Ratio of 1.31 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 1.64% while standing at 2.39% over the month.
Stock’s fiscal year EPS is expected to rise by 2.01% while it is estimated to increase by 11.78% in next year. EPS is likely to grow at an annualized rate of 6.51% 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.
