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A statement released earlier today by Oppenheimer about Hormel Foods Corporation (NYSE:HRL) bumps the target price to $38.00

In a report released on 9/16/2016 Oppenheimer increased the target price of Hormel Foods Corporation (NYSE:HRL) from $0 to $38 reporting a possible upside of 0.05%.

Only yesterday Hormel Foods Corporation (NYSE:HRL) traded 0.82% lower at $36.27. HRL’s 50-day average is $37.33 and its 200-day average is $38.31. The last stock close is down 5.03% from the two hundred day average, compared with the S&P 500 Index which has fallen -0.01% over the same time period. 377,755 shares of HRL were exchanged, down from ann avg. trading volume of 2,625,860.

Performance Graphic:

Hormel Foods Corporation (NYSE:HRL)

Hormel Foods Corporation has a 52 week low of $29.93 and a 52 week high of $45.72 with a price-earnings ratio of 24. The company’s market cap is presently $0.0.

Also covering Hormel Foods Corporation’s price target, a total of 8 brokerages have issued a research note on Hormel Foods Corporation. The 12-month target stock price is $42.50 with one analyst rating the stock a strong buy, 0 rating the stock a buy, seven firms rating the stock a hold, one brokerage rating the company to underperform, and lastly 0 analystsrating the company as sell.

General Information About Hormel Foods Corporation (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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