J.P. Morgan analyst Thomas Palmer maintained a Hold rating on Hormel Foods Corp (NYSE:HRL). on Friday, setting a price target of $45, which is approximately 2.17% below the present share price of $46.
Palmer expects Hormel Foods Corp. to post earnings per share (EPS) of $0.33 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Hold rating of shares in Hormel Foods, with an average price target of $46.25.
The analysts price targets range from a high of $50 to a low of $42.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $2.86 billion and a net profit of $197.06 million. The company's market cap is $24.96 billion.
According to TipRanks.com, J.P. Morgan analyst Thomas Palmer is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -1.9% and a 33.33% success rate.
Founded in 1891, Hormel Foods Corp. is a Minnesota-based food company, which produces and markets various meat and food products to retail, food service, deli, and commercial customers. It operates through the following four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other.