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Trading signal Hormel Foods Corp - HRL

US stock price signals and analysis

Good morning Traders,

Today, September 30,  Lift-Off offers a SHORT trading signal on the US stock Hormel Foods Corp (Ticker: HRL) listed on the NYSE and part of the S&P500 index.

Yesterday it closed at $45.90 per share, marking a -2.19% in closing session

The company operates in the "Consumer Non-Durable Goods" sector specifically in the "Food: Meat/Fish/Latticines"

The current price is slightly undervalued compared to its intrinsic value, the fundamental data of economic robustness is good, with a very good WACC vs. ROIC, but with a Cash-To-Debt of less than 1 and debts that have been rising sharply for a few quarters.

Turnover, however, also remains stable and growing, in fact it proves better than many companies in the same industry.

Below chart of Hormel Foods Corp - HRL- with signal detected by Lift-Off

Some information about Hormel Foods Corp

Hormel Foods Corp. engages in the production of meat and food products. 

It is involved in food products, refrigerated foods, Jennie-O Turkey Store and International 

specifically in the processing, marketing and sale of shelf-stable food products sold in the retail market, refrigerated foods is involved in the processing, marketing and sale of branded and unbranded pork, beef and poultry products for retail, restaurant, deli and commercial customers.

The Jennie-O Turkey Store brand includes processing, marketing, and sales of branded and unbranded turkey products for retail, catering, and fresh produce customers. 

In addition, it includes Hormel Foods International, which manufactures, markets, and sells company products internationally.

 The company was founded by George A. Hormel in 1891 and is headquartered in Austin, MN.

Financial Overview: HRL's current market capitalization is US$25,633B. The company's TTM EPS is 1.84 USD, dividend yield is 2.27% and PE is 25.71. Hormel Foods Corporation's next earnings release date is November 22. The estimate is US$0.50.

Accounts, including sales, expenses, profit and loss: HRL's total sales for the latest quarter is US$3.03B, down 2.01% from the previous quarter. Net income in Q3 22 is $218.91M USD.

Source overview data and accounts: Tradingview.com

Signal board September 30, 2022

SHORT - Hormel Foods Corp - HRL

Input price: $45.90 (and any opening price)