The leading market experts have placed a mean price target of $40.25 on Hormel Foods Corporation (NYSE:HRL) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.41 a share for the upcoming quarter and $1.59 for the current fiscal.
The technical analysis of Hormel Foods Corporation Common plainly substantiates that the 50-day moving average of Hormel Foods Corporation Common is $36.31, and stock is trading $0.39 points away or +1.08% from its 50-day moving average of $36.31. Further it is trading $-2.28 or -5.85% away its 200-day moving average of $38.98. Hormel Foods Corporation (NYSE:HRL) 52-week high is $45.72 and the 52-week low is $29.18.
This explains if the stock moves $-9.02, it will post a 52-week high. In event of +25.77% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Hormel Foods Corporation Common, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Hormel Foods Corporation (NYSE:HRL) ratio came in at 25.31.
The stock last ended the trading session at $36.70 and registered a market cap of $19.45B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Hormel Foods Corporation (NYSE:HRL) PEG ratio is at 1.85.
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