Pilgrim’s Pride Corporation (NASDAQ:PPC) had its price target raised by BMO Capital Markets from $24.00 to $38.00 in a research note published on Thursday. BMO Capital Markets currently has a market perform rating on the stock.

Several other equities research analysts have also weighed in on PPC. Jefferies Group LLC set a $25.00 price objective on Pilgrim’s Pride Corporation and gave the stock a hold rating in a report on Tuesday, August 15th. KeyCorp began coverage on Pilgrim’s Pride Corporation in a report on Tuesday, October 31st. They issued a hold rating for the company. BidaskClub raised Pilgrim’s Pride Corporation from a hold rating to a buy rating in a report on Saturday, August 5th. Zacks Investment Research raised Pilgrim’s Pride Corporation from a hold rating to a strong-buy rating and set a $28.00 price objective for the company in a report on Wednesday, August 2nd. Finally, ValuEngine raised Pilgrim’s Pride Corporation from a hold rating to a buy rating in a report on Wednesday, August 2nd. Six research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $29.20.

Shares of Pilgrim’s Pride Corporation (PPC) traded up $0.61 on Thursday, reaching $34.53. The company had a trading volume of 931,400 shares, compared to its average volume of 1,036,130. Pilgrim’s Pride Corporation has a 52 week low of $17.15 and a 52 week high of $35.00. The stock has a market cap of $8,589.42, a price-to-earnings ratio of 13.38 and a beta of 0.21. 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 announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.21. Pilgrim’s Pride Corporation had a return on equity of 53.62% and a net margin of 7.03%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the firm posted $0.40 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. sell-side analysts predict that Pilgrim’s Pride Corporation will post 2.77 EPS for the current year.

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Hedge funds have recently bought and sold shares of the business. Seven Eight Capital LP purchased a new position in Pilgrim’s Pride Corporation during the 2nd quarter valued at about $134,000. New York State Teachers Retirement System purchased a new position in Pilgrim’s Pride Corporation during the 3rd quarter valued at about $134,000. The Manufacturers Life Insurance Company grew its holdings in Pilgrim’s Pride Corporation by 9.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,203 shares of the company’s stock valued at $201,000 after buying an additional 798 shares in the last quarter. Amalgamated Bank purchased a new position in Pilgrim’s Pride Corporation during the 2nd quarter valued at about $219,000. Finally, Regentatlantic Capital LLC purchased a new position in Pilgrim’s Pride Corporation during the 2nd quarter valued at about $220,000. 24.50% of the stock is owned by institutional investors and hedge funds.

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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