Shares of Pilgrim’s Pride Co. (NASDAQ:PPC – Get Rating) have been given an average recommendation of “Buy” by the six ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $31.00.
Several research firms have issued reports on PPC. StockNews.com raised Pilgrim’s Pride from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 3rd. TheStreet raised Pilgrim’s Pride from a “c” rating to a “b-” rating in a report on Wednesday, April 27th. Barclays assumed coverage on shares of Pilgrim’s Pride in a research report on Monday, March 14th. They set an “overweight” rating and a $28.00 price target for the company. BMO Capital Markets upgraded shares of Pilgrim’s Pride from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $28.00 to $30.00 in a report on Thursday, March 10th. Finally, Bank of America initiated coverage on shares of Pilgrim’s Pride in a research report on Monday, February 28th. They set a “neutral” rating for the company.
Crypto can be difficult to invest in during a bear market…
Especially when prices tend to be much more volatile as investors see their assets lose value.
Don’t try to guess your way through it… check out these three cryptocurrencies before you make another trade.
In related news, CEO Fabio Sandri sold 171,000 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $28.39, for a total value of $4,854,690.00. Following the completion of the transaction, the chief executive officer now directly owns 371,557 shares in the company, valued at approximately $10,548,503.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 80.36% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY lifted its position in Pilgrim’s Pride by 4.0% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 9,601 shares of the company’s stock worth $271,000 after buying an additional 370 shares in the last quarter. Comerica Bank grew its stake in Pilgrim’s Pride by 1.8% in the first quarter. Comerica Bank now owns 22,745 shares of the company’s stock valued at $633,000 after purchasing an additional 412 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Pilgrim’s Pride by 30.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,054 shares of the company’s stock worth $52,000 after purchasing an additional 475 shares during the last quarter. Yousif Capital Management LLC raised its stake in shares of Pilgrim’s Pride by 1.9% during the 1st quarter. Yousif Capital Management LLC now owns 26,168 shares of the company’s stock worth $657,000 after purchasing an additional 480 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Pilgrim’s Pride by 5.4% in the 1st quarter. Teacher Retirement System of Texas now owns 10,042 shares of the company’s stock valued at $252,000 after buying an additional 517 shares during the last quarter. 17.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:PPC opened at $29.82 on Tuesday. The business has a fifty day moving average of $29.34 and a 200-day moving average of $27.48. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.84 and a current ratio of 1.53. Pilgrim’s Pride has a twelve month low of $20.23 and a twelve month high of $34.66. The firm has a market cap of $7.17 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 0.63 and a beta of 0.95.
Pilgrim’s Pride (NASDAQ:PPC – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.53. Pilgrim’s Pride had a net margin of 1.34% and a return on equity of 28.00%. During the same quarter last year, the company posted $0.42 EPS. On average, analysts anticipate that Pilgrim’s Pride will post 3.26 EPS for the current fiscal year.
Pilgrim’s Pride Company Profile (Get Rating)
Pilgrim’s Pride Corporation engages in the production, processing, marketing and distribution of fresh, frozen and value-added chicken, and pork products to retailers, distributors, and foodservice operators in the United States, the United Kingdom, Mexico, the Middle East, Asia, Continental Europe, and internationally.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Pilgrim’s Pride right now?
Before you consider Pilgrim’s Pride, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Pilgrim’s Pride wasn’t on the list.
While Pilgrim’s Pride currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: marketbeat.com
