Hormel Foods Corporation | HRL

Daily Technical Analysis of Hormel Foods Corporation

Investors didn't show much interest in one Hormel Foods way or another today. It hasn't moved too much today but is slightly down, it lost -0.05% since yesterday.

Hormel Foods doesn't seem to be at a very clear reversal point in either direction. HRL has been bouncing around but hasn't taken a very clear direction over the last few months. So it doesn't have very much obvious momentum in either direction. HRL might find some support at the 39.34 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Hormel Foods By Price Target And Rating

The analysts are pretty neutral on Hormel Foods right now, so not much useful information here. The current Analysts Sentiment Score is 0.75. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-03-01 The Goldman Sachs Group increased their price target by 7.69% to $28.00. On 2024-03-01 Barclays increased their price target by 6.06% to $35.00. JPMorgan Chase & Co. provided a price target boost of 3.7% to $28.00 from $27.00 on 2024-03-01. Citigroup initiated a rating of Neutral on 2024-02-01 and provided a price target of $31.00. Piper Sandler gave a boost to their price target and moved to $33.00 from $31.00 on 2024-01-12. Argus downgraded from Buy to Hold on 2023-03-30. Stephens dropped their price target by -9.62% to $47.00 on 2023-03-06. Bank of America announced a lowering of their price target to $41.00 from $45.00 on 2023-03-06. On 2023-03-03 Credit Suisse Group lowered their price target by -6.82% to $41.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Hormel Foods

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Hormel Foods

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.