Pilgrim's Pride Co. Sets New 1-Year High at $29.13 (PPC)
Pilgrim's Pride Co. (NYSE:PPC) shares reached a new 52-week high during trading on Monday , Analyst Ratings Network.com reports. The stock traded as high as $29.13 and last traded at $28.69, with a volume of 791,492 shares. The stock had previously closed at $29.01.
Several analysts have recently commented on the stock. Analysts at Macquarie initiated coverage on shares of Pilgrim's Pride Co. in a research note on Thursday, June 26th. They set a “neutral” rating and a $25.00 price target on the stock. Separately, analysts at Stephens downgraded shares of Pilgrim's Pride Co. from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 24th. They now have a $25.00 price target on the stock. Finally, analysts at BB&T Corp. downgraded shares of Pilgrim's Pride Co. from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $23.03.
The stock’s 50-day moving average is $25.61 and its 200-day moving average is $20.37. The company has a market cap of $7.424 billion and a price-to-earnings ratio of 12.67.
Pilgrim's Pride Co. (NYSE:PPC) last posted its quarterly earnings results 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 Co. will post $1.88 EPS for the current fiscal year.
Pilgrim’s Pride Corp (NYSE:PPC) is a chicken producer with operations in the United States, Mexico and Puerto Rico.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.