Pilgrim's Pride Co. (NASDAQ:PPC - Get Free Report) has earned a consensus recommendation of "Hold" from the six brokerages that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $45.50.
A number of brokerages have recently issued reports on PPC. BMO Capital Markets increased their target price on Pilgrim's Pride from $42.00 to $43.00 and gave the company a "market perform" rating in a research report on Friday, November 1st. Barclays upped their price objective on shares of Pilgrim's Pride from $45.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Finally, StockNews.com lowered shares of Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a research report on Friday.
Get Our Latest Research Report on Pilgrim's Pride
Institutional Investors Weigh In On Pilgrim's Pride
Large investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. purchased a new position in shares of Pilgrim's Pride in the third quarter worth about $27,000. Raleigh Capital Management Inc. purchased a new position in Pilgrim's Pride in the 3rd quarter worth approximately $34,000. Accredited Wealth Management LLC purchased a new position in Pilgrim's Pride in the 4th quarter worth approximately $41,000. Quarry LP boosted its holdings in shares of Pilgrim's Pride by 295.8% during the 3rd quarter. Quarry LP now owns 946 shares of the company's stock worth $44,000 after purchasing an additional 707 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Pilgrim's Pride in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 16.64% of the company's stock.
Pilgrim's Pride Price Performance
NASDAQ PPC traded down $1.73 during trading hours on Friday, reaching $52.15. The company's stock had a trading volume of 1,194,656 shares, compared to its average volume of 1,123,027. The firm has a market capitalization of $12.37 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 0.20 and a beta of 0.82. The company's 50-day moving average is $47.63 and its two-hundred day moving average is $47.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.95 and a quick ratio of 1.27. Pilgrim's Pride has a 1-year low of $28.29 and a 1-year high of $57.16.
About Pilgrim's Pride
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Get Free ReportPilgrim'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.
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