Economy

Which Analysts Are Watching Hormel Foods Corporation (NYSE:HRL)?

As per Thursday, September 17, the company rating was downgraded by Stephens. The Davidson D A & Company holds 454,781 shares with $29.65M value, up from 436,470 last quarter. Chipotle Mexican Grill Inc now has $8.69 billion valuation. The stock is trading for about -19.34% less than its 52-week high. Over the last three months, the shares of the company have changed -9.12% and performed -9.89% over the last six months. It has underperformed by 7.39% the S&P500.

Hormel Foods Corporation (HRL) remained unsuccessful in beating the consensus-estimated $0.37 as it actually earned $0.34 per share in its last reported financial results.

Hormel Foods Corporation (NYSE:HRL) was up +0.25% ($0.08) to $31.68 and showed a volume of 2 mln shares. Palisade Asset Ltd Liability Co holds 19,310 shares.

According to the latest research reports released, 1 analyst has issued a rating of "buy", 2 analysts "outperform", 6 analysts "hold", 0 analysts "underperform" and 0 analysts "sell".

Hormel Foods Corporation (NYSE:HRL) recently ticked lower on strong volume. It has underperformed by 18.23% the S&P500.

Hormel Foods Corporation (NYSE:HRL) last posted its quarterly earnings data on Tuesday, November 22nd. Therefore 36% are positive. Wall Street experts also assign a $35.4 price target on Hormel Foods Corporation, pointing towards a 12.99% rally from current levels.

Several research firms recently issued reports on HRL. The analyst recommendations from a month ago are 0 Buy, 4 Strong Buy, 0 Sell, 0 Hold and 5. The company was upgraded on Friday, September 16 by Edward Jones. The stock's market capitalization is 16.78B. The company was initiated on Monday, January 9 by Piper Jaffray. Over the 52-week time span, the stock notched a high price of $38.84 and its minimum price was $30.5. Barclays Capital maintained the stock with "Overweight" rating in Friday, August 25 report. The stock of Hormel Foods Corp (NYSE:HRL) earned "Overweight" rating by Stephens on Wednesday, November 25.

Since March 30, 2017, it had 0 insider buys, and 6 insider sales for $3.00 million activity. $965,451 worth of Hormel Foods Corp (NYSE:HRL) was sold by Kremin Donald H. The insider SPLINTER JAMES M sold $1.23 million.

Among 14 analysts covering Hormel Foods Corporation (NYSE:HRL), 5 have Buy rating, 2 Sell and 7 Hold. BMO Capital Markets boosted their price target on Hormel Foods Corporation from $34.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, November 23rd. Also, Director Dakota A. Pippins sold 4,000 shares of Hormel Foods Corporation stock in a transaction dated Friday, September 8th. It also upped Intercontinental Exchange (NYSE:ICE) stake by 77,906 shares and now owns 98,399 shares. Lowes Cos Inc (NYSE:LOW) was reduced too.

Investors sentiment increased to 1.09 in Q4 2016. TSN comes in with a P/S ratio of 0.63 that's below 1, potentially implying that it could be cheap relative to the overall sector (14.22) and its peers (87.09). It is positive, as 52 investors sold HRL shares while 174 reduced holdings. 62 funds opened positions while 151 raised stakes. Volume on the day was 3.51 million shares. Jefferies Gp Ltd Llc stated it has 0.02% in Hormel Foods Corp (NYSE:HRL). During the same period in the previous year, the firm posted $0.36 EPS. The Q1 2018 consensus earnings estimates for the company have stabilized at US$0.44 per share. Crestpoint Mgmt Limited Liability Company has 0.75% invested in Hormel Foods Corp (NYSE:HRL) for 43,200 shares. Old Mutual Customised Solutions (Proprietary) Limited holds 0.01% or 200 shares in its portfolio. King Luther Cap Corporation owns 63,439 shares for 0.02% of their portfolio. Vanguard Group Inc Inc Inc reported 0.06% stake. Stratos Wealth has invested 0.02% in Hormel Foods Corp (NYSE:HRL). (NASDAQ:CALD) shares were sold by Stretch Leslie. 11,650 shares were sold by DAY THOMAS R, worth $399,066. $1.17M worth of Callidus Software Inc. $319,350 worth of Callidus Software Inc. (NASDAQ:CALD) for 940,518 shares.

Cubist Systematic Strategies Llc decreased Dst Sys Inc Del (NYSE:DST) stake by 6,048 shares to 3,946 valued at $423,000 in 2016Q4.

Among 35 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 12 have Buy rating, 1 Sell and 22 Hold. Chevron Corporation had 74 analyst reports since August 4, 2015 according to SRatingsIntel. On Monday, December 7 the stock rating was maintained by UBS with "Neutral". Oppenheimer maintained Callidus Software Inc. Maxim Group maintained it with "Hold" rating and $440 target in Wednesday, April 26 report. The stock has "Overweight" rating by PiperJaffray on Tuesday, August 9. The stock has "Hold" rating by Deutsche Bank on Monday, December 14. The stock of Callidus Software Inc. Vetr upgraded QUALCOMM, Inc. (NYSE:CMG) on Tuesday, September 13 with "Buy" rating.

Investors sentiment increased to 1.31 in 2016 Q4. Its down 0.05, from 1.03 in 2016Q3. Ameritas Inv Partners Inc stated it has 14,960 shares or 0.03% of all its holdings. 33 funds opened positions while 67 raised stakes. First Midwest Bank & Trust Tru Division holds 0.26% or 61,895 shares in its portfolio. The company moved in the past week with shift of 2.80%. Woodstock invested 0.03% of its portfolio in Ultra Petroleum Corp (OTCMKTS:UPLMQ). Great West Life Assurance Can invested in 250,096 shares. Vaughan David Invests Il has 38,553 shares. Martin And Tn holds 1.07% in QUALCOMM, Inc. Morgan Stanley reported 0% stake. Bancorp Of Hawaii reported 0.06% stake. The Bridger Management Llc holds 64,064 shares with $24.17 million value, up from 30,000 last quarter. 33 were accumulated by Bollard Gp Limited Liability Company. Westpac Bk accumulated 182,309 shares or 0% of the stock.

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