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A statement released earlier today by Credit Suisse Group AG about Hormel Foods Corp (NYSE:HRL) bumps the target price to $43.00

Yesterday Hormel Foods Corp (NYSE:HRL) traded 0.85% lower at $38.66. Hormel Foods Corp’s 50-day average is $37.32 and its 200-day average is $38.33. With the last close up 5.12% from the 200-day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. 2,560,621 shares of HRL traded, down from ann average volume of 2,663,580.

Credit Suisse Group AG upped the estimated target of Hormel Foods Corp (NYSE:HRL) to $43, reporting a possible upside of 0.11%,

Recent Performance Graph:

Hormel Foods Corp (NYSE:HRL)

A total of 8 firms have issued a research note on Hormel Foods Corp. One firm rate the stock a strong buy, 0 rate the company a buy, seven firms rate the stock a hold, one firm rate the stock to underperform, and finally 0 analystsrate the stock as sell with a 12-month target of $42.50

With a total market value of $0.0, Hormel Foods Corp has a one-year low of $29.93 and a 52 week high of $45.72 with a price-earnings ratio of 24.

Brief Synopsis On Hormel Foods Corp (NYSE:HRL)

Hormel Foods Corporation is a multinational manufacturer and marketer of food and meat products. The Company operates through five segments: Grocery Products, which consists of the processing, marketing and sale of shelf-stable food products sold in the retail market; Refrigerated Foods, which consists of the processing, marketing and sale of branded and unbranded pork and beef products for retail, foodservice and fresh product customers; Jennie-O Turkey Store, which consists of the processing, marketing and sale of branded and unbranded turkey products for retail, foodservice and fresh product customers; Specialty Foods, which consists of the packaging and sale of private label shelf stable products, nutritional products, sugar and condiments to industrial, retail and foodservice customers, and International & Other, which includes the Hormel Foods International Corporation, which manufactures, and markets and sells the Company products internationally.

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