BidaskClub cut shares of Pilgrim’s Pride Corporation (NASDAQ:PPC) from a strong-buy rating to a buy rating in a report issued on Tuesday morning.

A number of other research firms have also commented on PPC. ValuEngine raised shares of Pilgrim’s Pride Corporation from a hold rating to a buy rating in a research report on Wednesday, August 2nd. Morgan Stanley initiated coverage on shares of Pilgrim’s Pride Corporation in a research report on Friday, November 3rd. They set an equal weight rating and a $30.00 target price on the stock. Zacks Investment Research raised shares of Pilgrim’s Pride Corporation from a hold rating to a strong-buy rating and set a $28.00 target price on the stock in a research report on Wednesday, August 2nd. Vertical Group lowered shares of Pilgrim’s Pride Corporation from a buy rating to a hold rating in a research report on Tuesday, September 5th. They noted that the move was a valuation call. Finally, Vertical Research lowered shares of Pilgrim’s Pride Corporation from a buy rating to a hold rating in a research report on Tuesday, September 5th. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. Pilgrim’s Pride Corporation presently has a consensus rating of Buy and a consensus target price of $26.00.

Pilgrim’s Pride Corporation (NASDAQ:PPC) opened at $30.46 on Tuesday. Pilgrim’s Pride Corporation has a 52-week low of $17.15 and a 52-week high of $32.18. The company has a market cap of $7,591.93, a P/E ratio of 15.34 and a beta of 0.21. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.82 and a quick ratio of 0.84.

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Several large investors have recently modified their holdings of PPC. Seven Eight Capital LP acquired a new stake in shares of Pilgrim’s Pride Corporation in the 2nd quarter valued at $134,000. New York State Teachers Retirement System acquired a new stake in shares of Pilgrim’s Pride Corporation in the 3rd quarter valued at $134,000. The Manufacturers Life Insurance Company boosted its stake in shares of Pilgrim’s Pride Corporation by 9.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,203 shares of the company’s stock valued at $201,000 after purchasing an additional 798 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Pilgrim’s Pride Corporation in the 2nd quarter valued at $219,000. Finally, Regentatlantic Capital LLC acquired a new stake in shares of Pilgrim’s Pride Corporation in the 2nd quarter valued at $220,000. Institutional investors own 24.10% of the company’s stock.

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.

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

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