Pilgrim’s Pride Corporation (NASDAQ:PPC) has been given an average recommendation of “Buy” by the nine analysts that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $24.50.

A number of analysts have recently weighed in on the stock. Jefferies Group LLC set a $25.00 target price on shares of Pilgrim’s Pride Corporation and gave the stock a “hold” rating in a report on Tuesday, August 15th. Vertical Group lowered shares of Pilgrim’s Pride Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. They noted that the move was a valuation call. BidaskClub upgraded shares of Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded shares of Pilgrim’s Pride Corporation from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a report on Wednesday, August 2nd. Finally, Vertical Research lowered shares of Pilgrim’s Pride Corporation from a “buy” rating to a “hold” rating in a report on Tuesday.

Pilgrim’s Pride Corporation (NASDAQ PPC) traded up 0.24% on Wednesday, hitting $29.10. The stock had a trading volume of 839,295 shares. The company has a market cap of $7.24 billion, a P/E ratio of 14.68 and a beta of 0.13. Pilgrim’s Pride Corporation has a 52-week low of $17.15 and a 52-week high of $29.86. The stock’s 50-day moving average is $26.89 and its 200-day moving average is $23.88.

Pilgrim’s Pride Corporation (NASDAQ:PPC) last posted its earnings results on Wednesday, August 2nd. The company reported $0.94 earnings per share for the quarter, topping the Zacks’ 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 net margin of 6.05% and a return on equity of 49.65%. Pilgrim’s Pride Corporation’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. Analysts expect that Pilgrim’s Pride Corporation will post $2.49 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the company. Credit Agricole S A boosted its holdings in shares of Pilgrim’s Pride Corporation by 12.8% during the first quarter. Credit Agricole S A now owns 356,800 shares of the company’s stock worth $8,030,000 after purchasing an additional 40,400 shares during the period. Dimensional Fund Advisors LP raised its stake in Pilgrim’s Pride Corporation by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 792,740 shares of the company’s stock worth $17,840,000 after buying an additional 71,211 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Pilgrim’s Pride Corporation in the first quarter worth about $12,159,000. Pictet Asset Management Ltd. bought a new position in Pilgrim’s Pride Corporation in the first quarter worth about $3,216,000. Finally, LSV Asset Management raised its stake in Pilgrim’s Pride Corporation by 8.1% in the second quarter. LSV Asset Management now owns 10,195,841 shares of the company’s stock worth $223,492,000 after buying an additional 767,317 shares in the last quarter. Institutional investors own 24.34% 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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