Analyst Opinion On How To Bet On Hormel Foods Corporation (HRL), CEMEX, S.A.B. de C.V. (CX)

Hormel Foods Corporation (NYSE:HRL) recently saw its volume around 1.04 million shares and on average it trades 2.76 million shares a day. The opening price of $34.4, led it to gain 0.41% to reach $34.41 upon the closing bell.

Hormel Foods Corporation (HRL) Analyst Opinion

Hormel Foods Corporation has a consensus hold rating from 10 Wall Street analysts, and the number of shares currently sold short amount to at least 11.84% of shares outstanding. The stock spiked 13.49% last month and is down -1.15 this year. Wall Street is only getting more bullish on the stock, with 2 of analysts who cover HRL having a buy-equivalent rating. Analysts have placed a $32.8 price target on Hormel Foods Corporation, suggesting a -4.68% decline from recent close. It’s currently trading about -9.38% below its 52-week high.

Hormel Foods Corporation Earnings Surprise

Hormel Foods Corporation (HRL) surprised the stock market in its last reported earnings when it earned $0.41 a piece versus the consensus-estimated $0.4. Its revenue totaled $2.42 billion up 9.54% from the previous quarter.

Hormel Foods Corporation (NYSE:HRL) Intraday View

This stock (HRL) is ahead of its 52-week low with 15.66%. Its last month’s stock price volatility remained 1.75% which for the week stands at 1.69%. The share price has moved forward from its 20 days moving average, trading at a distance of 7.27% and stays 8.66% away from its 50 days moving average. Over the last five days, shares have managed 4.49% gains and now is up 2.53% since hitting its 200-day moving average of $32.89. Hormel Foods Corporation (HRL) has made its way to a 12-month decline of -2.33%.

Turning to CEMEX, S.A.B. de C.V. (NYSE:CX), its shares were trading at $7.82 a retreat of $-0.03, on the trading floor. The stock, after opening at $7.87, touched a high of $7.94 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.3. CEMEX, S.A.B. de C.V. has 3 buy ratings, 5 holds and 0 sells even after the stock tumbled -24.59% from its high of $10.37 to a $11.33 billion market value through last close.

CEMEX, S.A.B. de C.V. (CX) Consensus Price Target

The company’s consensus rating on Reuter’s scale slipped from 2.21 to 2.11 during a month. Analysts set a 12-month price target of $10.71 a share. The target implies a 36.96% spike from where the shares are currently trading. Also, the current price highlights a discount of 54.09% to analysts’ high consensus price target.

CEMEX, S.A.B. de C.V. (NYSE:CX) Intraday Trading

The counter witnessed a trading volume of 3.53 million shares versus an average volume of 9.52 million shares during last trading session. Its last month’s stock price volatility remained 1.4% which for the week approaches 2.36%. The lowest price the stock reached in the last trading day was $7.81 and compares with the $7.36 52-week low. The stock recovered 6.31% since its low point and has performed 1.28% year-to-date.

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