Pilgrim’s Pride Corporation (PPC) Getting Somewhat Positive News Coverage, Accern Reports
News headlines about Pilgrim’s Pride Corporation (NASDAQ:PPC) have trended somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Pilgrim’s Pride Corporation earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.1550190926714 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
- Technical Reports on Food Equities — Blue Buffalo Pet Products … – Markets Insider (markets.businessinsider.com)
- Pilgrim’s Pride Eyes Expansion in Europe on Moy Park Buyout – Nasdaq (nasdaq.com)
- Pilgrim’s Pride – Making Another Solid Diversification Move – Seeking Alpha (seekingalpha.com)
- [$$] CEO of Brazil’s JBS Is Arrested in New Twist of Scandal at Meatpacker (finance.yahoo.com)
- Apple, Hurricane Irma, Teva Pharmaceutical and Pilgrim’s Pride Corp – PRE-MARKET (proactiveinvestors.co.uk)
Pilgrim’s Pride Corporation (NASDAQ:PPC) opened at 29.54 on Tuesday. Pilgrim’s Pride Corporation has a 1-year low of $17.15 and a 1-year high of $29.86. The company’s 50-day moving average is $27.82 and its 200 day moving average is $24.30. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 14.90 and a beta of 0.13.
Pilgrim’s Pride Corporation (NASDAQ:PPC) last announced its earnings results on Wednesday, August 2nd. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.11. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Pilgrim’s Pride Corporation had a return on equity of 49.65% and a net margin of 6.05%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. On average, equities analysts predict that Pilgrim’s Pride Corporation will post $2.50 EPS for the current fiscal year.
A number of brokerages have commented on PPC. Vertical Group lowered shares of Pilgrim’s Pride Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. They noted that the move was a valuation call. Vertical Research lowered shares of Pilgrim’s Pride Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. ValuEngine raised shares of Pilgrim’s Pride Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BMO Capital Markets reaffirmed a “hold” rating and issued a $24.00 target price on shares of Pilgrim’s Pride Corporation in a research note on Friday, August 25th. Finally, Jefferies Group LLC set a $25.00 target price on shares of Pilgrim’s Pride Corporation and gave the company a “hold” rating in a research note on Tuesday, August 15th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $24.50.
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About Pilgrim’s Pride Corporation
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.
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