BMO Capital analyst Kenneth Zaslow maintained a Hold rating on Hormel Foods Corp (NYSE:HRL). on Wednesday, setting a price target of $48, which is approximately 6.87% below the present share price of $51.54.
Zaslow expects Hormel Foods Corp. to post earnings per share (EPS) of $0.42 for the third quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in Hormel Foods, with an average price target of $51.33.
The analysts price targets range from a high of $56 to a low of $48.
In its latest earnings report, released on 04/30/2020, the company reported a quarterly revenue of $2.42 billion and a net profit of $283.44 million. The company's market cap is $27.78 billion.
According to TipRanks.com, BMO Capital analyst Kenneth Zaslow is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.8% and a 71.20% success rate.
Hormel Foods Corp. engages in the production of meat and food products. It operates through the following segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International and Other. The Grocery Products segment consists primarily of the processing, marketing, and sale of shelf-stable food products sold in the retail market. The Refrigerated Foods segment involves in the processing, marketing, and sale of branded and unbranded pork, beef, and poultry products for retail, foodservice, deli, and commercial customers. The Jennie-O Turkey Store segment includes processing, marketing, and sale of branded and unbranded turkey products for retail, foodservice, and fresh product customers. The International and Other segment comprises Hormel Foods International which manufactures, markets, and sells Company products internationally. The company was founded by George A. Hormel in 1891 and is headquartered in Austin, MN.