Hormel Foods Corporation (NYSE:HRL) hit a new 52-week high Thursday as it is currently trading at $42.13, above its previous 52-week high of $42.09 with 579,323 shares traded as of 11:30 a.m. ET. Average volume has been 883,100 shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Hormel Foods Corporation (NYSE: HRL) hit a new 52-week high Thursday as it is currently trading at $42.13, above its previous 52-week high of $42.09 with 579,323 shares traded as of 11:30 a.m. ET. Average volume has been 883,100 shares over the past 30 days. Hormel has a market cap of $10.93 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 31.9% year to date as of the close of trading on Wednesday. Hormel Foods Corporation engages in the production and marketing of various meat and food products. Its meat products include fresh, frozen, cured, smoked, cooked, and canned meat. The company has a P/E ratio of 22.2, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Hormel as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Hormel Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.