BidaskClub upgraded shares of Pilgrim’s Pride Corporation (NASDAQ:PPC) from a buy rating to a strong-buy rating in a research note published on Wednesday.

A number of other equities analysts have also recently issued reports on the stock. ValuEngine upgraded shares of Pilgrim’s Pride Corporation from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Vertical Group cut 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. Vertical Research cut shares of Pilgrim’s Pride Corporation from a buy rating to a hold rating in a research report on Tuesday, September 5th. Morgan Stanley assumed coverage on shares of Pilgrim’s Pride Corporation in a research report on Friday, November 3rd. They issued an equal weight rating and a $30.00 price target for the company. Finally, BMO Capital Markets restated a hold rating and issued a $24.00 price target on shares of Pilgrim’s Pride Corporation in a research report on Friday, August 25th. Six investment analysts have rated the stock with a hold rating and three have given a strong buy rating to the stock. Pilgrim’s Pride Corporation has a consensus rating of Buy and an average target price of $30.20.

Pilgrim’s Pride Corporation (NASDAQ:PPC) opened at $35.01 on Wednesday. The stock has a market cap of $8,708.84, a P/E ratio of 13.57 and a beta of 0.21. Pilgrim’s Pride Corporation has a 12-month low of $17.15 and a 12-month high of $35.30. The company has a current ratio of 1.65, a quick ratio of 0.81 and a debt-to-equity ratio of 1.49.

Pilgrim’s Pride Corporation (NASDAQ:PPC) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.21. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Pilgrim’s Pride Corporation had a net margin of 7.03% and a return on equity of 53.62%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 EPS. analysts anticipate that Pilgrim’s Pride Corporation will post 2.85 earnings per share for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Algert Global LLC acquired a new stake in shares of Pilgrim’s Pride Corporation during the third quarter worth $2,285,000. Sterling Capital Management LLC increased its position in shares of Pilgrim’s Pride Corporation by 3.5% during the third quarter. Sterling Capital Management LLC now owns 130,535 shares of the company’s stock worth $3,708,000 after buying an additional 4,400 shares during the period. Neuberger Berman Group LLC acquired a new stake in shares of Pilgrim’s Pride Corporation during the third quarter worth $522,000. California Public Employees Retirement System increased its position in shares of Pilgrim’s Pride Corporation by 10.2% during the third quarter. California Public Employees Retirement System now owns 187,230 shares of the company’s stock worth $5,319,000 after buying an additional 17,330 shares during the period. Finally, Davidson Kempner Capital Management LP acquired a new stake in shares of Pilgrim’s Pride Corporation during the third quarter worth $5,682,000. Hedge funds and other institutional investors own 24.50% of the company’s stock.

Pilgrim’s Pride Corporation Company Profile

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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