Pilgrim’s Pride (NASDAQ:PPC) Upgraded to B- by TheStreet

Pilgrim’s Pride (NASDAQ:PPCGet Rating) was upgraded by stock analysts at TheStreet from a “c” rating to a “b-” rating in a research note issued to investors on Wednesday, TheStreetRatingsTable reports.

Several other equities analysts have also recently commented on the stock. Stephens upgraded shares of Pilgrim’s Pride from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $30.00 to $35.00 in a research note on Friday, February 18th. Barclays assumed coverage on shares of Pilgrim’s Pride in a research note on Monday, March 14th. They set an “overweight” rating and a $28.00 target price for the company. BMO Capital Markets raised shares of Pilgrim’s Pride from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $28.00 to $30.00 in a report on Thursday, March 10th. Bank of America assumed coverage on shares of Pilgrim’s Pride in a report on Monday, February 28th. They issued a “neutral” rating on the stock. Finally, StockNews.com assumed coverage on shares of Pilgrim’s Pride in a report on Thursday, March 31st. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Pilgrim’s Pride presently has an average rating of “Buy” and an average price target of $31.25.

Shares of Pilgrim’s Pride stock opened at $29.28 on Wednesday. The firm has a fifty day simple moving average of $24.89 and a 200-day simple moving average of $27.05. The company has a current ratio of 1.38, a quick ratio of 0.72 and a debt-to-equity ratio of 1.23. Pilgrim’s Pride has a 1-year low of $20.23 and a 1-year high of $29.70. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 225.25, a PEG ratio of 0.98 and a beta of 1.13.

Pilgrim’s Pride (NASDAQ:PPCGet Rating) last released its earnings results on Wednesday, April 27th. The company reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.53. Pilgrim’s Pride had a net margin of 0.21% and a return on equity of 21.16%. During the same quarter in the previous year, the company posted $0.42 earnings per share. As a group, research analysts predict that Pilgrim’s Pride will post 2.78 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of PPC. TIG Advisors LLC acquired a new position in Pilgrim’s Pride during the 3rd quarter worth about $29,435,000. Islet Management LP acquired a new position in Pilgrim’s Pride during the 3rd quarter worth about $19,047,000. Polar Asset Management Partners Inc. acquired a new position in Pilgrim’s Pride during the 3rd quarter worth about $14,726,000. Carlson Capital L P acquired a new position in Pilgrim’s Pride during the 3rd quarter worth about $14,540,000. Finally, Berry Street Capital Management LLP acquired a new position in Pilgrim’s Pride during the 3rd quarter worth about $13,086,000. 16.73% of the stock is currently owned by institutional investors and hedge funds.

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.

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