Analysts Set Pilgrim’s Pride Co. (NASDAQ:PPC) PT at $45.50

Pilgrim’s Pride Co. (NASDAQ:PPC) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $45.50.

A number of research firms have commented on PPC. BMO Capital Markets upped their price target 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 target on Pilgrim’s Pride from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Stephens assumed coverage on Pilgrim’s Pride in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $43.00 target price for the company.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PPC. Harbor Capital Advisors Inc. purchased a new stake in shares of Pilgrim’s Pride in the 3rd quarter worth approximately $27,000. ORG Wealth Partners LLC purchased a new stake in shares of Pilgrim’s Pride in the 3rd quarter worth approximately $29,000. Raleigh Capital Management Inc. purchased a new stake in shares of Pilgrim’s Pride in the 3rd quarter worth approximately $34,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Pilgrim’s Pride in the 2nd quarter worth approximately $32,000. Finally, Quarry LP boosted its stake in Pilgrim’s Pride by 295.8% during the 3rd quarter. Quarry LP now owns 946 shares of the company’s stock valued at $44,000 after purchasing an additional 707 shares during the last quarter. Institutional investors own 16.64% of the company’s stock.

Pilgrim’s Pride Trading Down 1.7 %

PPC opened at $44.52 on Friday. The business has a 50 day simple moving average of $48.46 and a two-hundred day simple moving average of $45.77. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 0.20 and a beta of 0.84. 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 one year low of $26.52 and a one year high of $55.50.

Pilgrim’s Pride (NASDAQ:PPC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.36. The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.69 billion. Pilgrim’s Pride had a return on equity of 29.92% and a net margin of 5.46%. Pilgrim’s Pride’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 EPS. Analysts predict that Pilgrim’s Pride will post 5.12 EPS for the current year.

About Pilgrim’s Pride

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.