Hormel Looks Cheap At These Levels

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ValueWalk

Hormel (NYSE:HRL) is not the cheapest pick in the consumer staples sector (NYSEARCA:XLP) but it is one of the better values. The stock trades at 25X its earnings compared to 15X at the low end of the range with Kraft-Heinz (NASDAQ:KHC) and upwards of 28X to 30X for names like Clorox (NYSE:CLX) and Lamb Weston (NYSE:LW) and so a fair value at least. Looking at the stock from the technical perspective, Hormel has been in a prolonged and protracted uptrend that is still intact and it is now approaching a key level. An uptrend line that has been in play for 14 years crosses a strong support level …

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