Shares of Pilgrim’s Pride Co. (NASDAQ:PPC) have received an average recommendation of “Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $24.19.

A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of Great Portland Estates from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. BMO Capital Markets set a $66.00 price target on shares of CyrusOne and gave the stock a “buy” rating in a research note on Friday, May 3rd. ValuEngine cut shares of Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. BidaskClub raised shares of YY from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 30th. Finally, TheStreet raised shares of BlackRock TCP Capital from a “c+” rating to a “b” rating in a research note on Tuesday, May 28th.

NASDAQ PPC traded down $0.58 on Friday, reaching $26.24. The company had a trading volume of 605,787 shares, compared to its average volume of 840,029. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.68 and a quick ratio of 0.83. The stock has a market cap of $6.54 billion, a PE ratio of 20.50 and a beta of 0.80. The stock’s 50 day moving average is $26.17. Pilgrim’s Pride has a 12 month low of $14.83 and a 12 month high of $29.32.

Pilgrim’s Pride (NASDAQ:PPC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.76 billion. Pilgrim’s Pride had a net margin of 1.95% and a return on equity of 14.13%. Pilgrim’s Pride’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. Equities research analysts expect that Pilgrim’s Pride will post 1.83 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in PPC. Millennium Management LLC boosted its position in Pilgrim’s Pride by 88.9% in the 4th quarter. Millennium Management LLC now owns 1,710,763 shares of the company’s stock valued at $26,534,000 after buying an additional 805,336 shares during the period. Dimensional Fund Advisors LP boosted its position in Pilgrim’s Pride by 27.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,390,571 shares of the company’s stock valued at $21,568,000 after buying an additional 298,710 shares during the period. Norges Bank purchased a new stake in Pilgrim’s Pride in the 4th quarter valued at about $15,841,000. Gotham Asset Management LLC boosted its position in Pilgrim’s Pride by 21.5% in the 4th quarter. Gotham Asset Management LLC now owns 768,823 shares of the company’s stock valued at $11,924,000 after buying an additional 136,241 shares during the period. Finally, Geode Capital Management LLC boosted its position in Pilgrim’s Pride by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 694,858 shares of the company’s stock valued at $10,777,000 after buying an additional 33,031 shares during the period. 18.87% of the stock is owned by hedge funds and other institutional investors.

Pilgrim’s Pride Company Profile

Pilgrim's Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products in the United States, the United Kingdom, Europe, and Mexico. The company offers fresh chicken products, including pre-marinated or non-marinated refrigerated (nonfrozen) whole or cut-up chicken; and prepackaged case-ready chicken, such as whole chickens and chicken parts.

Read More: Do stock splits help investors?

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

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.