Pilgrim’s Pride (NASDAQ:PPC) Raised to Overweight at Stephens

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Pilgrim’s Pleasure (NASDAQ:PPC) was upgraded by funding analysts at Stephens from an “equal weight” score to an “chubby” score in a analysis report issued to shoppers and buyers on Monday, The Fly stories. The agency presently has a $28.00 value goal on the inventory. Stephens’ goal value would counsel a possible upside of 31.52% from the corporate’s present value.

Numerous different equities analysis analysts have additionally weighed in on the corporate. Barclays lowered their goal value on Pilgrim’s Pleasure from $33.00 to $28.00 and set an “chubby” score for the corporate in a analysis notice on Tuesday, March 31st. Cfra lowered their goal value on Pilgrim’s Pleasure from $35.00 to $30.00 and set a “purchase” score for the corporate in a analysis notice on Friday, February 21st. BidaskClub raised Pilgrim’s Pleasure from a “promote” score to a “maintain” score in a analysis notice on Friday, Might 1st. Lastly, Goldman Sachs Group lowered their goal value on Pilgrim’s Pleasure from $30.00 to $27.00 and set a “impartial” score for the corporate in a analysis notice on Monday, February 24th. 4 analysis analysts have rated the inventory with a maintain score, six have given a purchase score and one has issued a robust purchase score to the corporate’s inventory. The corporate at the moment has a mean score of “Purchase” and a mean goal value of $31.50.

Shares of PPC inventory opened at $21.29 on Monday. The corporate has a fast ratio of 0.99, a present ratio of 1.89 and a debt-to-equity ratio of 1.15. The enterprise has a 50-day shifting common value of $19.03 and a two-hundred day shifting common value of $26.22. Pilgrim’s Pleasure has a 12-month low of $15.75 and a 12-month excessive of $33.67. The agency has a market cap of $5.25 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of two.90 and a beta of 1.05.

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Pilgrim’s Pleasure (NASDAQ:PPC) final issued its quarterly earnings outcomes on Wednesday, April 29th. The corporate reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Pilgrim’s Pleasure had a return on fairness of 15.14% and a internet margin of three.73%. The agency had income of $3.07 billion through the quarter, in comparison with analyst estimates of $2.98 billion. Throughout the identical quarter within the earlier 12 months, the corporate posted $0.35 earnings per share. The corporate’s income was up 12.9% in comparison with the identical quarter final 12 months. As a gaggle, analysis analysts anticipate that Pilgrim’s Pleasure will put up 1.1 EPS for the present fiscal 12 months.

In associated information, CEO Jayson Penn offered 3,988 shares of the enterprise’s inventory in a transaction dated Wednesday, February 26th. The inventory was offered at a mean value of $22.31, for a complete transaction of $88,972.28. Following the transaction, the chief government officer now owns 200,420 shares within the firm, valued at roughly $4,471,370.20. The sale was disclosed in a doc filed with the SEC, which will be accessed by means of the SEC web site. 78.70% of the inventory is owned by insiders.

A number of hedge funds have not too long ago purchased and offered shares of PPC. Amundi Pioneer Asset Administration Inc. grew its holdings in shares of Pilgrim’s Pleasure by 12.1% through the 1st quarter. Amundi Pioneer Asset Administration Inc. now owns 9,863 shares of the corporate’s inventory price $220,00Zero after buying a further 1,063 shares through the interval. Voya Funding Administration LLC grew its holdings in shares of Pilgrim’s Pleasure by 366.6% through the third quarter. Voya Funding Administration LLC now owns 52,814 shares of the corporate’s inventory price $1,692,00Zero after buying a further 41,496 shares through the interval. State Avenue Corp grew its stake in shares of Pilgrim’s Pleasure by 75.0% within the third quarter. State Avenue Corp now owns 1,280,486 shares of the corporate’s inventory price $41,033,00Zero after shopping for a further 548,589 shares over the past quarter. State of Alaska Division of Income grew its stake in shares of Pilgrim’s Pleasure by 4.4% within the 4th quarter. State of Alaska Division of Income now owns 9,717 shares of the corporate’s inventory price $317,00Zero after shopping for a further 412 shares over the past quarter. Lastly, Nisa Funding Advisors LLC grew its stake in shares of Pilgrim’s Pleasure by 200.0% within the 4th quarter. Nisa Funding Advisors LLC now owns 1,500 shares of the corporate’s inventory price $49,00Zero after shopping for a further 1,00Zero shares over the past quarter. Hedge funds and different institutional buyers personal 20.91% of the corporate’s inventory.

About Pilgrim’s Pleasure

Pilgrim’s Pleasure Company engages within the manufacturing, processing, advertising and marketing, and distribution of recent, frozen, and value-added hen merchandise in the US, the UK, Europe, and Mexico. The corporate presents recent hen merchandise, together with pre-marinated or non-marinated refrigerated (nonfrozen) entire or cut-up hen; and prepackaged case-ready hen, akin to entire chickens and hen elements.

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The Fly

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

This instantaneous information alert was generated by narrative science know-how and monetary knowledge from MarketBeat to be able to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to [email protected]

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