| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 10/16/2023 | -3.5% | JP Morgan | $36 → $31 | Maintains | Underweight |
| 10/13/2023 | 8.95% | Piper Sandler | $41 → $35 | Maintains | Neutral |
| 10/13/2023 | -9.73% | Goldman Sachs | $33 → $29 | Maintains | Sell |
| 06/01/2023 | 30.74% | Barclays | $45 → $42 | Maintains | Equal-Weight |
| 04/12/2023 | 33.85% | Piper Sandler | $44 → $43 | Maintains | Neutral |
| 03/30/2023 | — | Argus Research | Downgrades | Buy → Hold | |
| 03/06/2023 | 46.3% | Stephens & Co. | $52 → $47 | Maintains | Equal-Weight |
| 03/03/2023 | 27.63% | Credit Suisse | $44 → $41 | Maintains | Neutral |
| 03/03/2023 | 18.29% | JP Morgan | $47 → $38 | Downgrades | Neutral → Underweight |
| 12/30/2022 | 68.09% | Argus Research | $53 → $54 | Maintains | Buy |
| 12/01/2022 | 46.3% | JP Morgan | $48 → $47 | Maintains | Neutral |
| 09/22/2022 | 64.98% | Argus Research | $54 → $53 | Maintains | Buy |
| 09/02/2022 | 46.3% | Piper Sandler | $48 → $47 | Maintains | Neutral |
| 08/23/2022 | 71.21% | Stephens & Co. | $50 → $55 | Maintains | Equal-Weight |
| 03/15/2022 | 36.96% | Goldman Sachs | → $44 | Downgrades | Neutral → Sell |
| 03/10/2022 | 77.43% | Argus Research | → $57 | Upgrades | Hold → Buy |
| 03/02/2022 | 49.42% | JP Morgan | $46 → $48 | Maintains | Neutral |
| 03/02/2022 | 43.19% | Credit Suisse | $44 → $46 | Maintains | Neutral |
| 03/02/2022 | 52.53% | Piper Sandler | $48 → $49 | Maintains | Neutral |
| 12/10/2021 | 52.53% | Piper Sandler | $45 → $49 | Maintains | Neutral |
| 12/10/2021 | 36.96% | Credit Suisse | $42 → $44 | Maintains | Neutral |
| 10/08/2021 | 30.74% | JP Morgan | → $42 | Upgrades | Underweight → Neutral |
| 09/07/2021 | 30.74% | Credit Suisse | $45 → $42 | Maintains | Neutral |
| 11/25/2020 | 36.96% | B of A Securities | $45 → $44 | Maintains | Underperform |
| 09/08/2020 | — | Seaport Global | Initiates Coverage On | → Neutral | |
| 07/17/2020 | 74.32% | Argus Research | → $56 | Initiates Coverage On | → Buy |
| 05/21/2020 | 40.08% | CFRA | $38 → $45 | Maintains | Hold |
| 04/29/2020 | 46.3% | Piper Sandler | $48 → $47 | Downgrades | Overweight → Neutral |
| 03/31/2020 | 36.96% | Barclays | $40 → $44 | Maintains | Equal-Weight |
| 03/26/2020 | 40.08% | Goldman Sachs | $35 → $45 | Upgrades | Sell → Neutral |
| 03/09/2020 | 18.29% | CFRA | → $38 | Upgrades | Sell → Hold |
| 11/27/2019 | 33.85% | Stephens & Co. | $37 → $43 | Reiterates | → Equal-Weight |
| 10/25/2019 | 24.51% | B of A Securities | → $40 | Initiates Coverage On | → Underperform |
| 05/24/2019 | 8.95% | Buckingham Research | $38 → $35 | Maintains | Neutral |
| 04/23/2019 | 12.06% | JP Morgan | $40 → $36 | Downgrades | Neutral → Underweight |
| 04/23/2019 | — | Goldman Sachs | Downgrades | Neutral → Sell | |
| 11/27/2018 | 36.96% | Jefferies | → $44 | Downgrades | Buy → Hold |
| 11/21/2018 | 21.4% | Credit Suisse | $33 → $39 | Maintains | Neutral |
| 11/06/2018 | — | Vertical Research | Downgrades | Hold → Sell |
What is the target price for Hormel Foods (HRL)?
The latest price target for Hormel Foods (NYSE: HRL) was reported by JP Morgan on October 16, 2023. The analyst firm set a price target for $31.00 expecting HRL to fall to within 12 months (a possible -3.50% downside). 11 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Hormel Foods (HRL)?
The latest analyst rating for Hormel Foods (NYSE: HRL) was provided by JP Morgan, and Hormel Foods maintained their underweight rating.
When is the next analyst rating going to be posted or updated for Hormel Foods (HRL)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Hormel Foods, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Hormel Foods was filed on October 16, 2023 so you should expect the next rating to be made available sometime around October 16, 2024.
Is the Analyst Rating Hormel Foods (HRL) correct?
While ratings are subjective and will change, the latest Hormel Foods (HRL) rating was a maintained with a price target of $36.00 to $31.00. The current price Hormel Foods (HRL) is trading at is $32.13, which is out of the analyst's predicted range.