Pilgrim’s Pride Corp. Rating Lowered to Hold at BB&T Corp. (PPC)
Pilgrim’s Pride Corp. (NYSE:PPC) was downgraded by equities researchers at BB&T Corp. from a “buy” rating to a “hold” rating in a research report issued on Friday. The analysts noted that the move was a valuation call.
Pilgrim’s Pride Corp. (NYSE:PPC) opened at 26.55 on Friday. Pilgrim’s Pride Corp. has a 52-week low of $11.73 and a 52-week high of $26.87. The stock has a 50-day moving average of $23.96 and a 200-day moving average of $18.9. The company has a market cap of $6.877 billion and a price-to-earnings ratio of 11.51.
Pilgrim’s Pride Corp. (NYSE:PPC) last released its earnings data on Wednesday, April 30th. The company reported $0.38 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.38. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $1.99 billion. Analysts expect that Pilgrim’s Pride Corp. will post $1.86 EPS for the current fiscal year.
PPC has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Pilgrim’s Pride Corp. from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 6th. They now have a $25.10 price target on the stock. Analysts at Stephens upgraded shares of Pilgrim’s Pride Corp. from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 14th. They now have a $22.00 price target on the stock, up previously from $18.00. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $21.37.
Pilgrim’s Pride Corp (NYSE:PPC) is a chicken producer with operations in the United States, Mexico and Puerto Rico.
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