Pilgrim’s Pride Corporation (NASDAQ:PPC)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group LLC in a report issued on Friday. They presently have a $27.00 target price on the stock, up from their prior target price of $25.00. Jefferies Group LLC’s target price would suggest a potential downside of 7.38% from the stock’s current price.

A number of other research analysts also recently issued reports on PPC. ValuEngine upgraded Pilgrim’s Pride Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Vertical Research downgraded Pilgrim’s Pride Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Vertical Group downgraded Pilgrim’s Pride Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. They noted that the move was a valuation call. BMO Capital Markets restated a “hold” rating and set a $24.00 price target on shares of Pilgrim’s Pride Corporation in a research note on Friday, August 25th. Finally, BidaskClub upgraded Pilgrim’s Pride Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $25.00.

Shares of Pilgrim’s Pride Corporation (NASDAQ PPC) opened at 29.15 on Friday. Pilgrim’s Pride Corporation has a 52 week low of $17.15 and a 52 week high of $30.00. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 14.71 and a beta of 0.14. The stock’s 50 day moving average price is $28.86 and its 200-day moving average price is $24.96.

Pilgrim’s Pride Corporation (NASDAQ:PPC) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.11. Pilgrim’s Pride Corporation had a return on equity of 49.65% and a net margin of 6.05%. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities analysts anticipate that Pilgrim’s Pride Corporation will post $2.61 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in PPC. Bank of New York Mellon Corp grew its stake in Pilgrim’s Pride Corporation by 13.4% during the 1st quarter. Bank of New York Mellon Corp now owns 569,457 shares of the company’s stock worth $12,816,000 after buying an additional 67,163 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Pilgrim’s Pride Corporation by 6.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,668 shares of the company’s stock worth $105,000 after buying an additional 267 shares during the last quarter. Karp Capital Management Corp purchased a new position in Pilgrim’s Pride Corporation during the 1st quarter worth approximately $1,255,000. Sei Investments Co. grew its stake in Pilgrim’s Pride Corporation by 7.1% during the 1st quarter. Sei Investments Co. now owns 27,061 shares of the company’s stock worth $609,000 after buying an additional 1,787 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in Pilgrim’s Pride Corporation by 41.6% during the 1st quarter. Pacer Advisors Inc. now owns 11,777 shares of the company’s stock worth $265,000 after buying an additional 3,457 shares during the last quarter. Hedge funds and other institutional investors own 24.33% of the company’s stock.

About Pilgrim’s Pride Corporation

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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