Shares of Pilgrim's Pride Co. (NASDAQ:PPC) have received a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $29.33.
A number of research analysts recently commented on the company. BidaskClub downgraded Pilgrim's Pride from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Jefferies Group set a $32.00 price objective on Pilgrim's Pride and gave the stock a “hold” rating in a research note on Thursday, November 16th. Morgan Stanley upped their price objective on Pilgrim's Pride from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. BMO Capital Markets upped their price objective on Pilgrim's Pride from $24.00 to $38.00 and gave the stock a “market perform” rating in a research note on Thursday, November 9th. Finally, ValuEngine downgraded Pilgrim's Pride from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th.
In other news, CEO William W. Lovette sold 100,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $25.36, for a total value of $2,536,000.00. Following the completion of the transaction, the chief executive officer now owns 578,653 shares of the company’s stock, valued at $14,674,640.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 78.81% of the company’s stock.
Pilgrim's Pride (NASDAQ:PPC) opened at $25.20 on Thursday. The company has a market capitalization of $6,360.00, a price-to-earnings ratio of 9.62 and a beta of 0.03. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.87 and a current ratio of 1.73. Pilgrim's Pride has a 52 week low of $20.26 and a 52 week high of $38.39.
TRADEMARK VIOLATION NOTICE: This report was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/3229499/pilgrims-pride-co-ppc-given-consensus-rating-of-hold-by-analysts.html.
About Pilgrim's Pride
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.
Receive News & Ratings for Pilgrim's Pride Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pilgrim's Pride and related companies with MarketBeat.com's FREE daily email newsletter.