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zacks

Hormel Foods Enters Oversold Territory

  • On 3:13 pm EDT, Friday October 2, 2009

Hormel Foods Corp.’s (NYSE: HRL - News) share price has entered into oversold territory with a stochastic value of 11.95. The Zacks #2 Rank (“Buy) stock has topped the Zacks Consensus Estimate in each of the last 4 quarters with an average surprise of 12.36%, or 6 cents per share. Moreover, the Zacks Consensus Estimate on the company’s earnings for the year ending Oct 2009 has climbed 14 cents over the past 2 months to $2.43 per share.

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