Pilgrim’s Pride Co. (NASDAQ:PPC) Receives Average Rating of “Buy” from Brokerages

Pilgrim’s Pride Co. (NASDAQ:PPCGet Rating) has been given a consensus rating of “Buy” by the six research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $31.25.

A number of brokerages have recently weighed in on PPC. StockNews.com began coverage on Pilgrim’s Pride in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Bank of America began coverage on Pilgrim’s Pride in a research report on Monday, February 28th. They set a “neutral” rating on the stock. BMO Capital Markets upgraded Pilgrim’s Pride from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $28.00 to $30.00 in a research report on Thursday, March 10th. Barclays began coverage on Pilgrim’s Pride in a research report on Monday, March 14th. They set an “overweight” rating and a $28.00 price target on the stock. Finally, Stephens upgraded Pilgrim’s Pride from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $30.00 to $35.00 in a research report on Friday, February 18th.

Shares of NASDAQ PPC opened at $27.36 on Monday. The stock’s 50 day moving average price is $24.85 and its two-hundred day moving average price is $27.07. Pilgrim’s Pride has a 52-week low of $20.23 and a 52-week high of $29.70. The stock has a market capitalization of $6.67 billion, a P/E ratio of 210.48, a PEG ratio of 0.98 and a beta of 1.13. The company has a quick ratio of 0.72, a current ratio of 1.38 and a debt-to-equity ratio of 1.23.

Pilgrim’s Pride (NASDAQ:PPCGet Rating) last announced its quarterly earnings data on Wednesday, February 9th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.16. Pilgrim’s Pride had a return on equity of 21.16% and a net margin of 0.21%. The firm had revenue of $4.04 billion for the quarter. During the same quarter in the previous year, the company earned $0.25 EPS. On average, analysts anticipate that Pilgrim’s Pride will post 2.78 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of PPC. Amundi Pioneer Asset Management Inc. increased its position in Pilgrim’s Pride by 12.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 9,863 shares of the company’s stock valued at $220,000 after acquiring an additional 1,063 shares during the period. Morgan Stanley boosted its stake in Pilgrim’s Pride by 588.3% during the 2nd quarter. Morgan Stanley now owns 384,967 shares of the company’s stock valued at $8,538,000 after purchasing an additional 329,035 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Pilgrim’s Pride by 44.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 18,631 shares of the company’s stock valued at $542,000 after purchasing an additional 5,715 shares in the last quarter. SG Americas Securities LLC boosted its stake in Pilgrim’s Pride by 920.3% during the 3rd quarter. SG Americas Securities LLC now owns 134,880 shares of the company’s stock valued at $3,922,000 after purchasing an additional 121,660 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Pilgrim’s Pride by 26.3% during the 3rd quarter. Victory Capital Management Inc. now owns 89,906 shares of the company’s stock valued at $2,614,000 after purchasing an additional 18,694 shares in the last quarter. Hedge funds and other institutional investors own 16.73% of the company’s stock.

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.

Featured Stories

Receive News & Ratings for Pilgrim's Pride Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pilgrim's Pride and related companies with MarketBeat.com's FREE daily email newsletter.