Pilgrim’s Pride Corporation (NASDAQ:PPC) has been assigned a $25.00 target price by equities researchers at Jefferies Group LLC in a report released on Tuesday. The firm currently has a “hold” rating on the stock. Jefferies Group LLC’s target price would suggest a potential downside of 10.55% from the company’s current price.

Other research analysts have also issued research reports about the company. BidaskClub upgraded Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. ValuEngine upgraded Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Vertical Group upgraded Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a research report on Monday, April 24th. Vertical Research upgraded Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a research report on Friday, April 21st. They noted that the move was a valuation call. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $24.00 price target on shares of Pilgrim’s Pride Corporation in a research report on Tuesday, June 27th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $24.50.

Shares of Pilgrim’s Pride Corporation (PPC) opened at 27.95 on Tuesday. The stock has a market capitalization of $6.95 billion, a PE ratio of 14.10 and a beta of 0.19. Pilgrim’s Pride Corporation has a one year low of $17.15 and a one year high of $28.00. The company’s 50-day moving average price is $23.53 and its 200 day moving average price is $22.83.

Pilgrim’s Pride Corporation (NASDAQ:PPC) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.11. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.28 billion. Pilgrim’s Pride Corporation had a return on equity of 49.65% and a net margin of 6.05%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. Analysts anticipate that Pilgrim’s Pride Corporation will post $2.45 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Pilgrim’s Pride Corporation by 6.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,668 shares of the company’s stock valued at $105,000 after buying an additional 267 shares during the period. Legal & General Group Plc raised its position in shares of Pilgrim’s Pride Corporation by 1.9% in the second quarter. Legal & General Group Plc now owns 18,769 shares of the company’s stock valued at $412,000 after buying an additional 347 shares during the period. Cadence Capital Management LLC raised its position in shares of Pilgrim’s Pride Corporation by 1.5% in the first quarter. Cadence Capital Management LLC now owns 35,013 shares of the company’s stock valued at $788,000 after buying an additional 505 shares during the period. Horrell Capital Management Inc. raised its position in shares of Pilgrim’s Pride Corporation by 2.5% in the second quarter. Horrell Capital Management Inc. now owns 27,941 shares of the company’s stock valued at $612,000 after buying an additional 681 shares during the period. Finally, First Midwest Bank Trust Division raised its position in shares of Pilgrim’s Pride Corporation by 2.4% in the second quarter. First Midwest Bank Trust Division now owns 30,961 shares of the company’s stock valued at $679,000 after buying an additional 738 shares during the period. Institutional investors and hedge funds own 26.03% of the company’s stock.

Pilgrim’s Pride Corporation Company Profile

Pilgrim’s Pride Corporation is a retail feed store. It is a producer and seller of chicken with operations in the United States, Mexico and Puerto Rico. It is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators.

Analyst Recommendations for Pilgrim`s Pride Corporation (NASDAQ:PPC)

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