2.7% Above Target

Wall Street's consensus price target for HRL is $23.5, -2.7% from its current price of $24.16. The below-market target from 29 analysts suggests limited near-term appreciation.

HRL has a consensus rating of "Hold" based on 29 Wall Street analysts. The rating breakdown is leaning bearish, with 7 Sell/Strong Sell ratings. The consensus 12-month price target of $23.5 implies -2.7% downside from current levels.

With a forward P/E of 16.2518x, HRL trades at a relatively low valuation. The consensus target of $23.5 implies -2.7% move, suggesting the market may be pricing in risks.

The most bullish Wall Street analyst has a price target of $25 for HRL, while the most conservative target is $22. The consensus of $23.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $42 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

HRL is heavily covered by Wall Street, with 29 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 6 have Buy ratings, 16 recommend Hold, and 7 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month HRL stock forecast based on 29 Wall Street analysts shows a consensus price target of $23.5, with estimates ranging from $22 (bear case) to $25 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $32, with bear/bull scenarios of $20/$42.

Our quantitative valuation model calculates HRL's fair value at $32 (base case), with a bear case of $20 and bull case of $42. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 44/100.

HRL trades at a forward P/E ratio of 16.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 27.8x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Analysts are cautious on HRL, with 7 Sell ratings and a price target of $23.5 (-2.7% from current price). The "Hold" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

HRL analyst price targets range from $22 to $25, a 13% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $23.5 consensus represents the middle ground. Our model's $20-$42 range provides an independent fundamental perspective.