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Credit Suisse announced Hormel Foods Corporation (NYSE:HRL), bumping up its stock price target to $43.00 today

Only yesterday Hormel Foods Corporation (NYSE:HRL) traded 0.85% lower at $38.66. HRL’s 50-day moving average is $37.32 and its two hundred day average is $38.33. The last close is up 5.12% from the two hundred day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the date range. 2,560,621 shares of the stock traded hands, down from ann average trading volume of 2,663,580.

In a report released on 8/22/2016 Credit Suisse raised the target price of Hormel Foods Corporation (NYSE:HRL) from $38 to $43 stating a possible upsideof 0.11%.

Recent Performance Chart:

Hormel Foods Corporation (NYSE:HRL)

In addition to Credit Suisse reporting it’s stock price target, a total of 8 brokerages have issued a research note on the stock. The one year target stock price is $42.50 with one firm rating the company a strong buy, 0 rating the stock a buy, seven analysts rating the stock a hold, one analyst rating the company to underperform, and lastly 0 analysts rating the stock as sell.

Hormel Foods Corporation has a PE of 24 with a 52 week low of $29.93 and a one-year high of $45.72. The company’s market capitalization is presently $0.0.

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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