Shares of Pilgrim’s Pride Co. (NASDAQ:PPC) have been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $23.50.

PPC has been the topic of several analyst reports. Stephens downgraded shares of Pilgrim’s Pride from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 3rd. Barclays cut shares of Pilgrim’s Pride from an “overweight” rating to an “equal weight” rating and set a $20.00 price objective on the stock. in a research report on Monday, June 29th. Goldman Sachs Group cut their price objective on Pilgrim’s Pride from $23.00 to $19.00 in a research report on Thursday, June 4th. ValuEngine downgraded Pilgrim’s Pride from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Finally, BMO Capital Markets lowered shares of Pilgrim’s Pride from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $36.00 to $21.00 in a report on Monday, June 29th.

Pilgrim’s Pride stock traded down $0.03 during midday trading on Friday, hitting $17.02. 20,101 shares of the company’s stock were exchanged, compared to its average volume of 1,115,130. Pilgrim’s Pride has a 52-week low of $14.87 and a 52-week high of $33.67. The company has a market cap of $4.16 billion, a P/E ratio of 16.09, a PEG ratio of 3.61 and a beta of 0.93. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.98 and a current ratio of 1.89. The stock has a 50-day moving average price of $16.01 and a two-hundred day moving average price of $18.16.

Pilgrim’s Pride (NASDAQ:PPC) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.13). The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Pilgrim’s Pride had a return on equity of 7.89% and a net margin of 2.24%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 EPS. As a group, sell-side analysts expect that Pilgrim’s Pride will post 0.68 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Pilgrim’s Pride during the second quarter valued at $749,000. Nuveen Asset Management LLC boosted its holdings in shares of Pilgrim’s Pride by 58.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 223,050 shares of the company’s stock valued at $3,768,000 after acquiring an additional 82,691 shares during the last quarter. Engineers Gate Manager LP grew its stake in shares of Pilgrim’s Pride by 94.9% in the second quarter. Engineers Gate Manager LP now owns 37,171 shares of the company’s stock worth $628,000 after acquiring an additional 18,098 shares during the period. California State Teachers Retirement System raised its holdings in shares of Pilgrim’s Pride by 0.7% during the second quarter. California State Teachers Retirement System now owns 89,389 shares of the company’s stock valued at $1,510,000 after purchasing an additional 639 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Pilgrim’s Pride by 464.9% during the second quarter. Jacobs Levy Equity Management Inc. now owns 126,293 shares of the company’s stock valued at $2,133,000 after purchasing an additional 103,938 shares during the period. Hedge funds and other institutional investors own 17.32% of the company’s stock.

About Pilgrim’s Pride

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.

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

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