Oppenheimer analyst Rupesh Parikh maintained a Hold rating on Hormel Foods (NYSE: HRL) today. The company’s shares opened today at $35.80.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.9% and a 61.2% success rate. Parikh covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, United Natural Foods, and Wal-Mart Stores Inc.
Hormel Foods has an analyst consensus of Moderate Buy, with a price target consensus of $38.50.
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Hormel Foods’ market cap is currently $18.93B and has a P/E ratio of 20.41. The company has a Price to Book ratio of 3.58.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Steven Binder, the EVP of HRL sold 20,000 shares for a total of $742,600.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Hormel Foods Corp. engages in the production of meat and food products. It operates business through the following segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other.
