Pilgrim's Pride (NASDAQ:PPC) was downgraded by ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

PPC has been the topic of a number of other research reports. BidaskClub downgraded Pilgrim's Pride from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 7th. KeyCorp initiated coverage on Pilgrim's Pride in a report on Tuesday, October 31st. They issued a “hold” rating on the stock. Jefferies Group reiterated a “hold” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Pilgrim's Pride in a report on Friday, October 6th. BMO Capital Markets reiterated a “hold” rating and issued a $24.00 price objective on shares of Pilgrim's Pride in a report on Friday, August 25th. Finally, Morgan Stanley lifted their price objective on Pilgrim's Pride from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $32.50.

Shares of Pilgrim's Pride (PPC) opened at $32.66 on Friday. The stock has a market capitalization of $8,460.00, a price-to-earnings ratio of 13.78 and a beta of 0.29. Pilgrim's Pride has a 52 week low of $17.78 and a 52 week high of $38.39. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.81 and a current ratio of 1.65.

Pilgrim's Pride (NASDAQ:PPC) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.21. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.32 billion. Pilgrim's Pride had a return on equity of 53.62% and a net margin of 7.03%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. equities analysts expect that Pilgrim's Pride will post 2.85 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Delphi Management Inc. MA boosted its position in shares of Pilgrim's Pride by 11.2% in the 2nd quarter. Delphi Management Inc. MA now owns 97,316 shares of the company’s stock worth $2,133,000 after purchasing an additional 9,803 shares in the last quarter. California Public Employees Retirement System raised its holdings in Pilgrim's Pride by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 169,900 shares of the company’s stock worth $3,724,000 after acquiring an additional 3,600 shares during the last quarter. Prudential Financial Inc. raised its holdings in Pilgrim's Pride by 151.0% in the 3rd quarter. Prudential Financial Inc. now owns 759,645 shares of the company’s stock worth $21,582,000 after acquiring an additional 457,000 shares during the last quarter. LSV Asset Management raised its holdings in Pilgrim's Pride by 8.1% in the 2nd quarter. LSV Asset Management now owns 10,195,841 shares of the company’s stock worth $223,492,000 after acquiring an additional 767,317 shares during the last quarter. Finally, Chicago Equity Partners LLC raised its holdings in Pilgrim's Pride by 44.3% in the 2nd quarter. Chicago Equity Partners LLC now owns 194,290 shares of the company’s stock worth $4,259,000 after acquiring an additional 59,670 shares during the last quarter. 24.62% of the stock is currently owned by institutional investors.

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About Pilgrim's Pride

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 (NASDAQ:PPC)

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