Hormel Foods Corporation, based in Austin, Minnesota, is a prominent manufacturer and marketer of meat and food products with a market cap of $12.4 billion. Despite strong organic growth, stock prices have fallen 29% YTD due to rising commodity costs, leading to a 5% decline in adjusted EPS.

Analysts predict a 13.3% drop in adjusted EPS for fiscal 2025 for Hormel Foods, which has a history of missing earnings estimates. The consensus rating among analysts is a “Hold,” with a mix of “Strong Buys,” “Holds,” and a “Strong Sell.”

Piper Sandler analyst Michael Lavery maintained a “Neutral” rating on HRL on Nov. 6, with a lowered price target of $25. The mean price target of $27 suggests a 21.2% premium to current levels, while the street-high target of $31 indicates a potential 39.2% upside.

Read more at Yahoo Finance: Do Wall Street Analysts Like Hormel Foods Stock?