At the time of writing, Pilgrim’s Pride Corp. [PPC] stock is trading at $46.05, up 4.52%. An important factor to consider is whether the stock is rising or falling in short-term value. The PPC shares have gain 7.07% over the last week, with a monthly amount drifted -0.99%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Pilgrim’s Pride Corp. [NASDAQ: PPC] stock has seen the most recent analyst activity on August 15, 2024, when BofA Securities downgraded its rating to a Neutral but kept the price target unchanged to $47 for it. Previously, BMO Capital Markets downgraded its rating to Market Perform on August 12, 2024, and kept the price target unchanged to $46. On June 18, 2024, Argus initiated with a Buy rating and assigned a price target of $41 on the stock. Barclays downgraded its rating to a Equal Weight and increased its price target to $38 on April 16, 2024. BMO Capital Markets upgraded its rating to a Outperform and raised its price target to $28 on July 13, 2023. BofA Securities upgraded its rating to Buy for this stock on April 28, 2023, but kept the price target unchanged to $26.
For the past year, the stock price of Pilgrim’s Pride Corp. fluctuated between $22.33 and $47.44. Currently, Wall Street analysts expect the stock to reach $37.75 within the next 12 months. Pilgrim’s Pride Corp. [NASDAQ: PPC] shares were valued at $46.05 at the most recent close of the market. An investor can expect a potential drop of -18.02% based on the average PPC price forecast.
Analyzing the PPC fundamentals
According to Pilgrim’s Pride Corp. [NASDAQ:PPC], the company’s sales were 17.80B for trailing twelve months, which represents an 5.74% jump. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.22 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.87.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 44.52 points at the first support level, and at 43.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.93, and for the 2nd resistance point, it is at 47.81.
Ratios To Look Out For
It is important to note that Pilgrim’s Pride Corp. [NASDAQ:PPC] has a current ratio of 1.82. On the other hand, the Quick Ratio is 1.09, and the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 0.61, the price to book ratio is 2.92 and price to earnings (TTM) ratio is 14.46.
Transactions by insiders
Recent insider trading involved Sandri Fabio, President and CEO, that happened on Aug 06 ’24 when 65000.0 shares were sold. Chief Financial Officer, Galvanoni Matthew R completed a deal on Aug 06 ’24 to sell 6500.0 shares. Meanwhile, Officer Galvanoni Matthew R bought 6500.0 shares on Aug 06 ’24.
