Hormel Foods Stock: Is Wall Street Bullish or Bearish?
Quick Take
Wall Street shows mixed sentiments on Hormel Foods stock performance.
Key Points
- Analysts have varying ratings on Hormel Foods.
- Recent earnings reports influence investor sentiment.
- Market trends may impact future stock performance.
📖 Reader Mode
~2 min readAustin, Minnesota-based Hormel Foods Corporation (HRL) develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally. The company, valued at $10.9 billion, operates through three segments: Retail, Foodservice, and International.
HRL shares have lagged behind the broader market over the past year, declining 35.1% compared to the S&P 500 Index ($SPX) 25.2% surge. Moreover, in 2026, the stock has fallen nearly 16.3%, underperforming the SPX’s 9.6% rise.
More News from Barchart
-
Nokia Shares Jumped After Cisco’s Strong Quarterly Results. NOK Could Be the Next Networking Winner.
-
NVDA Earnings, Alphabet Conference and Other Can't Miss Items this Week
Focusing on its industry benchmark, the State Street Consumer Staples Select Sector SPDR ETF (XLP) has risen 3% over the past year, outperforming the stock. In 2026, as well, XLP surged 8.8% and has outperformed the stock.
On Feb. 27, HRL stock rose 3.1% following the release of its Q1 2026 earnings. The company’s revenue amounted to $3 billion and surpassed the Street’s estimates. Moreover, its adjusted EPS amounted to $0.34, also coming in on top of Wall Street’s forecasts. Hormel expects full-year earnings in the range of $1.43 to $1.51 per share.
For the current year, which ends in October, analysts expect HRL’s EPS to rise 3.7% to $1.42 on a diluted basis. The company met or surpassed the consensus estimate in three of the last four quarters, missing the mark once.
Among the 10 analysts covering HRL stock, the consensus is a “Hold.” That’s based on two “Strong Buy” ratings and eight “Holds.”
This configuration has remained mostly stable in recent months.
On Apr. 9, JP Morgan analyst Thomas Palmer downgraded HRL from an “Overweight” to “Neutral” and lowered its price target from $28 to $23.
HRL’s mean price target of $26.57 indicates a premium of 31.8% from the current market prices. Its Street-high target of $30 suggests a robust 48.8% upside potential from current price levels.
On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
— Originally published at finance.yahoo.com
More from Yahoo Finance
See more →These Super Stocks Could Be the Biggest Winners in the AI Inference and Agentic AI Economy
The article highlights top stocks poised for growth in the AI inference and agentic AI sectors.