Hormel Foods (HRL) in Focus: Stock Goes Down 5.2%

Hormel Foods Corporation (HRL) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for HRL, as the stock is now down almost 7% since Nov 13.

The meat and food products company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

HRL currently has a Zacks Rank #3 (Hold).

Investors interested in the same industry may consider better-ranked stocks like Pilgrim's Pride Corporation (PPC), with a Zacks Rank #1 (Strong Buy), Sanderson Farms, Inc. (SAFM) and Tyson Foods, Inc. (TSN), each with a Zacks Rank #2 (Buy).

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HORMEL FOODS CORP (HRL): Free Stock Analysis Report

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