Pilgrim's Pride (NASDAQ:PPC - Get Free Report) had its price target hoisted by stock analysts at BMO Capital Markets from $47.00 to $48.00 in a report issued on Monday,Benzinga reports. The firm currently has a "market perform" rating on the stock. BMO Capital Markets' target price suggests a potential downside of 2.50% from the stock's previous close.
Other analysts also recently issued research reports about the company. Santander began coverage on Pilgrim's Pride in a research note on Wednesday, March 5th. They issued a "neutral" rating on the stock. StockNews.com downgraded Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 2nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $46.33.
Read Our Latest Research Report on Pilgrim's Pride
Pilgrim's Pride Price Performance
Shares of NASDAQ:PPC traded down $2.70 during trading on Monday, hitting $49.23. 9,453,538 shares of the company's stock were exchanged, compared to its average volume of 1,037,443. The business's 50-day simple moving average is $50.05 and its 200 day simple moving average is $48.28. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 1.31. Pilgrim's Pride has a 52-week low of $33.67 and a 52-week high of $57.16. The company has a market cap of $11.67 billion, a price-to-earnings ratio of 10.80 and a beta of 0.71.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Accredited Wealth Management LLC bought a new position in Pilgrim's Pride in the 4th quarter worth about $41,000. Quarry LP grew its stake in Pilgrim's Pride by 295.8% in the third quarter. Quarry LP now owns 946 shares of the company's stock worth $44,000 after purchasing an additional 707 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Pilgrim's Pride during the 4th quarter worth $55,000. R Squared Ltd bought a new stake in Pilgrim's Pride during the 4th quarter valued at $59,000. Finally, Harbor Capital Advisors Inc. grew its position in shares of Pilgrim's Pride by 132.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,344 shares of the company's stock worth $61,000 after buying an additional 765 shares in the last quarter. Hedge funds and other institutional investors own 16.64% of the company's stock.
About Pilgrim's Pride
(
Get Free Report)
Pilgrim's Pride Corp. engages in the production, processing, marketing, and distribution of fresh, frozen and value-added chicken and pork products to retailers, distributors, and foodservice operators. It operates through the following segments: U.S., U.K. and Europe, and Mexico. The company was founded by Lonnie A.
See Also
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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
