Hormel Foods Corp (NYSE:HRL) has been upgraded to Buy in a statement by Edward Jones earlier today.
- Updated: September 15, 2016
Edward Jones has upgraded Hormel Foods Corp(NYSE:HRL) to Buy in a report released on 9/16/2016.
Showing a price of $36.68, Hormel Foods Corp (NYSE:HRL) traded 0.82% lower on the day. The last close is down 5.03% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. The company has been tracking to a 50-day average of $37.33 and 200-day moving average of $38.31. 377,755 shares of HRL traded, down from ann average volume of 2,625,860
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Hormel Foods Corp has a PE of 24 with a one-year low of $29.93 and a 52 week high of $45.72 and has a total market value of $0.0.
A total of 8 brokers have released a ratings update on the company. One analyst rate the company a strong buy, 0 rate the stock a buy, seven firms rate the stock a hold, one brokerage rate the stock to underperform, and lastly 0 firmsrate the stock as sell with a one year target price of $42.50
Brief Synopsis About 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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