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Analysts Offer Insights on Consumer Goods Companies: Turning Point Brands (TPB) and Hormel Foods (HRL)

Tipranks - Tipranks - Sat Feb 28, 6:44AM CST

Analysts fell to the sidelines weighing in on Turning Point Brands (TPB – Research Report) and Hormel Foods (HRL – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Turning Point Brands (TPB)

Needham analyst Gerald Pascarelli maintained a Hold rating on Turning Point Brands today. The company’s shares closed last Thursday at $141.86.

According to TipRanks.com, Pascarelli is a 2-star analyst with an average return of 0.5% and a 48.9% success rate. Pascarelli covers the Consumer Goods sector, focusing on stocks such as Constellation Brands, Vita Coco Company, and Celsius Holdings. ;'>

Turning Point Brands has an analyst consensus of Strong Buy, with a price target consensus of $127.50.

See the top stocks recommended by analysts >>

Hormel Foods (HRL)

Bank of America Securities analyst Peter Galbo reiterated a Hold rating on Hormel Foods today and set a price target of $27.00. The company’s shares closed last Thursday at $24.82.

According to TipRanks.com, Galbo is a 2-star analyst with an average return of 0.4% and a 48.8% success rate. Galbo covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and Constellation Brands. ;'>

Currently, the analyst consensus on Hormel Foods is a Moderate Buy with an average price target of $27.60, representing a 7.4% upside. In a report released today, Stephens also maintained a Hold rating on the stock with a $27.00 price target.

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