The stock has a quick ratio of 1.60 and a current ratio of 2.60.
According to Zacks, "Over the one month, Hormel Foods' shares have outperformed the Zacks Categorized Food-Meat Products industry". The average revenue estimate for the year ending October 2017 is $9.22B by 11 analysts. While, increased revenues and lower input costs would likely widen profitability going forward. "Over the last 60 days, Zacks Consensus Estimate for the stock has moved north for both fiscal 2017 and 2018".
HRL has been the subject of a number of other research reports.
Piper Jaffray began new coverage on Hormel Foods Corporation giving the company a "overweight" rating. Over the same time span, the stock marked US$55.94 as its best level and the lowest price reached was US$40.28.
09/15/2016 - Oppenheimer began new coverage on Hormel Foods Corporation giving the company a " rating. Its last month's stock price volatility remained 1.3% which for the week approaches 1.31.
Hormel Foods Corporation (NYSE:HRL) last ended at $34.85, sending the company's market cap near $18.43B.
12/01/2016 - KeyBanc began new coverage on Hormel Foods Corporation giving the company a " rating. SCCO right now sits at consensus rating of 3.20 while 2 analysts have advocated the shares as "BUY", 1 calls it an "OUTPERFORM" and 6 suggest "HOLD". Among 5 Analysts, Bottom line EPS Estimate for the current quarter is $0.39 while the top line estimate is $0.41, a key information to consider for Day Trading and investing in stocks. Latest closing price was -3.79% below its 50-day moving average and -4.02% below its 200-day moving average.
Hormel Foods Corporation's P/E ratio now stands at 21.09, while the P/S ratio is at 1.92 and the potential growth rate of earnings per share this year is at 29.40%. Hormel Foods Corp has a 52-week low of $33.18 and a 52-week high of $44.73.
Hormel Foods Corporation's short ratio is now at 10.81 and the float short is at 9.75%. Its revenue totaled $2.28 billion down -13.3% from the previous quarter.
Nielsen Holdings plc (NYSE:NLSN)'s earnings per share has been growing at a 53.6 percent rate over the past 5 year when average revenue increase was noted as 3.4 percent. Huntington National Bank raised its stake in shares of Hormel Foods Corporation by 17.1% in the third quarter.
09/16/2016 - Hormel Foods Corporation was upgraded to " by analysts at Edward Jones.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. It has a Payout Ratio of 0.41 and the change in Dividend payout ratio is 0.04. FSB ADV purchased a new stake in shares of Hormel Foods Corporation during the fourth quarter valued at about $163,000. The analysts' present consensus range is $0.41-$0.48 for EPS. The ex-dividend date is Thursday, January 12th.
11/25/2015 - Hormel Foods Corporation was upgraded to " by analysts at Stephens.
In other news, insider James M. Splinter sold 34,262 shares of the company's stock in a transaction on Monday, December 5th.
Following U.S. election volatility some analysts have updated their recommended target prices on shares of Hormel Foods Corporation (NYSE:HRL). The current value of the RSI is 36.27 that is neither bought nor sold range. Huntington National Bank now owns 4,100 shares of the company's stock valued at $156,000 after buying an additional 600 shares during the last quarter. The disclosure for this sale can be found here. The company's institutional ownership is monitored at 92.9 percent. The latest exchange of 1.77 Million shares is below its average trading activity of 2.43 Million shares.
04/05/2016 - Hormel Foods Corporation was downgraded to " by analysts at BB&T Capital Markets. That came on revenues of $2.3B for that period. Hormel Foods Corporation has a 52-week low of 33.18 and a 52-week high of 44.73. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Mizuho Asset Management Co. Van ECK Associates Corp increased its stake in shares of Hormel Foods Corp by 9.4% in the fourth quarter. Ltd. now owns 3,380 shares of the company's stock worth $124,000 after buying an additional 2,504 shares during the period.
10/19/2015 - Buckingham Research began new coverage on Hormel Foods Corporation giving the company a "neutral" rating.