Pilgrim’s Pride Corporation (NASDAQ:PPC) received a $32.00 price target from research analysts at Jefferies Group LLC in a note issued to investors on Thursday. The firm presently has a “hold” rating on the stock. Jefferies Group LLC’s price target suggests a potential downside of 8.52% from the stock’s current price.

A number of other research firms also recently weighed in on PPC. Morgan Stanley increased their price target on shares of Pilgrim’s Pride Corporation from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. BidaskClub raised shares of Pilgrim’s Pride Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. BMO Capital Markets increased their price objective on shares of Pilgrim’s Pride Corporation from $24.00 to $38.00 and gave the stock a “market perform” rating in a research report on Thursday, November 9th. KeyCorp started coverage on shares of Pilgrim’s Pride Corporation in a research report on Tuesday, October 31st. They issued a “hold” rating for the company. Finally, ValuEngine raised shares of Pilgrim’s Pride Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Six investment analysts have rated the stock with a hold rating and three have given a strong buy rating to the company. Pilgrim’s Pride Corporation currently has an average rating of “Buy” and an average target price of $30.20.

Pilgrim’s Pride Corporation (PPC) opened at $34.98 on Thursday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.81 and a current ratio of 1.65. The firm has a market cap of $8,492.41, a P/E ratio of 13.23 and a beta of 0.21. Pilgrim’s Pride Corporation has a one year low of $17.15 and a one year high of $35.04.

Pilgrim’s Pride Corporation (NASDAQ:PPC) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.21. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.32 billion. Pilgrim’s Pride Corporation had a net margin of 7.03% and a return on equity of 53.62%. Pilgrim’s Pride Corporation’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 earnings per share. equities analysts expect that Pilgrim’s Pride Corporation will post 2.77 EPS for the current year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management grew its holdings in Pilgrim’s Pride Corporation by 8.1% during the 2nd quarter. LSV Asset Management now owns 10,195,841 shares of the company’s stock valued at $223,492,000 after purchasing an additional 767,317 shares in the last quarter. Vanguard Group Inc. grew its holdings in Pilgrim’s Pride Corporation by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 4,926,654 shares of the company’s stock valued at $110,874,000 after purchasing an additional 195,030 shares in the last quarter. BlackRock Inc. grew its holdings in Pilgrim’s Pride Corporation by 662.4% during the 1st quarter. BlackRock Inc. now owns 4,173,974 shares of the company’s stock valued at $93,936,000 after purchasing an additional 3,626,463 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Pilgrim’s Pride Corporation by 14.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,152,325 shares of the company’s stock valued at $117,970,000 after purchasing an additional 528,588 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Pilgrim’s Pride Corporation by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 934,475 shares of the company’s stock valued at $26,548,000 after purchasing an additional 38,754 shares in the last quarter. 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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