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Hormel Foods Corp (NYSE:HRL) stock price target increased to $42.00, issued a research note today by Vetr Inc.

Yesterday Hormel Foods Corp (NYSE:HRL) traded 0.32% higher at $37.64. The company’s 50-day moving average is $37.37 and its 200-day moving average is $38.03. The last closing price is down -0.43% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 2,226,116 shares of the stock traded hands, down from an average trading volume of 2,605,850

In a report released on Thursday September 22, 2016 Vetr Inc. increased the stock price target of Hormel Foods Corp (NYSE:HRL) to $42.00 indicating a possible upside of 0.12%.

Previously on 9/16/2016, Oppenheimer reported on Hormel Foods Corp (NYSE:HRL) increased the target price from $0.00 to $38.00. At the time, this indicated a possible upside of 0.05%.

See Chart Below

Hormel Foods Corp (NYSE:HRL)

Hormel Foods Corp has a 52 week low of $30.50 and a 52 week high of $45.72 with a P/E ratio of 24.59 The company’s market cap is currently $0.

In addition to Vetr Inc. reporting its stock price target, a total of 8 brokers have issued a research note on the company. The average stock price target is $42.50 with 1 broker rating the stock a strong buy, 0 brokers rating the stock a buy, 7 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information 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, markets and sells the Company products internationally.

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