Pilgrim’s Pride (NASDAQ:PPC) was downgraded by Zacks Investment Research from a “purchase” ranking to a “maintain” ranking in a report issued on Tuesday, Zacks.com experiences. They at the moment have a $25.00 value goal on the inventory. Zacks Investment Research‘s value goal would counsel a possible upside of three.14% from the corporate’s earlier shut.
According to Zacks, “Shares of Pilgrim’s Pride have outpaced the trade within the six months. The firm is benefiting from power in European operations. This was mirrored in its fourth-quarter 2020 outcomes, with the highest and the underside line rising yr over yr. The upside may be attributed to product portfolio technique, operational endeavors and Key Customer technique that helped mitigate the impression of powerful market situations. Undeniably, wholesome efficiency within the Mexican operations additionally drove the outcomes. However, the corporate is seeing decrease gross sales from U.S. operations for some time. Notably, internet gross sales within the U.S. operations fell 1.5% within the quarter. Also, increased value of gross sales and pandemic-induced bills had been a drag. Markedly, earnings fell in need of the Zacks Consensus mark within the quarter. The firm additionally stays uncovered to the unfavorable foreign money charges.”
Several different analysis analysts have additionally weighed in on the corporate. Bank of America raised Pilgrim’s Pride from a “impartial” ranking to a “purchase” ranking and set a $25.00 value goal on the inventory in a analysis report on Wednesday, January sixth. Stephens raised Pilgrim’s Pride from an “equal weight” ranking to an “obese” ranking and upped their value goal for the corporate from $20.00 to $25.00 in a analysis report on Monday, February eighth. Finally, Barclays upped their goal value on Pilgrim’s Pride from $22.00 to $25.00 and gave the inventory an “obese” ranking in a analysis report on Monday, February eighth. Two funding analysts have rated the inventory with a maintain ranking and three have given a purchase ranking to the corporate’s inventory. The firm has a consensus ranking of “Buy” and a consensus value goal of $23.33.
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Shares of NASDAQ PPC traded up $0.02 throughout mid-day buying and selling on Tuesday, hitting $24.24. 3,999 shares of the corporate traded arms, in contrast to its common quantity of 613,625. Pilgrim’s Pride has a 1 yr low of $14.06 and a 1 yr excessive of $25.73. The inventory has a market capitalization of $5.91 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 1.92 and a beta of 1.05. The firm has a fast ratio of 1.02, a present ratio of 1.80 and a debt-to-equity ratio of 1.07. The enterprise has a 50 day shifting common of $23.85 and a two-hundred day shifting common of $19.82.
Pilgrim’s Pride (NASDAQ:PPC) final introduced its earnings outcomes on Tuesday, February ninth. The firm reported $0.25 EPS for the quarter, lacking the consensus estimate of $0.33 by ($0.08). Pilgrim’s Pride had a internet margin of 1.55% and a return on fairness of 9.83%. The firm had income of $3.12 billion for the quarter. As a gaggle, analysis analysts anticipate that Pilgrim’s Pride will submit 1.12 EPS for the present yr.
Institutional traders and hedge funds have lately added to or decreased their stakes within the firm. Cutler Group LP purchased a brand new stake in shares of Pilgrim’s Pride through the 4th quarter value about $26,000. Inspire Advisors LLC purchased a brand new stake in Pilgrim’s Pride through the 4th quarter valued at roughly $27,000. Graves Light Private Wealth Management Inc. purchased a brand new stake in Pilgrim’s Pride through the 4th quarter valued at roughly $28,000. Benjamin F. Edwards & Company Inc. boosted its stake in Pilgrim’s Pride by 30.4% through the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 5,086 shares of the corporate’s inventory valued at $100,000 after buying a further 1,187 shares through the interval. Finally, Point72 Hong Kong Ltd purchased a brand new stake in Pilgrim’s Pride through the third quarter valued at roughly $117,000. Institutional traders personal 16.11% of the corporate’s inventory.
Pilgrim’s Pride Company Profile
Pilgrim’s Pride Corporation produces, processes, markets, and distributes recent, frozen, and value-added rooster and pork merchandise to retailers, distributors, and foodservice operators within the United States, the United Kingdom, Mexico, France, Puerto Rico, the Netherlands, remainder of Europe, the Middle East, Asia, and internationally.
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