BidaskClub lowered shares of Pilgrim's Pride (NASDAQ:PPC) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.
Several other equities research analysts have also issued reports on PPC. ValuEngine lowered shares of Pilgrim's Pride from a strong-buy rating to a buy rating in a report on Friday, December 15th. KeyCorp began coverage on shares of Pilgrim's Pride in a report on Tuesday, October 31st. They set a hold rating on the stock. Jefferies Group reaffirmed a hold rating and set a $27.00 price target (up from $25.00) on shares of Pilgrim's Pride in a report on Friday, October 6th. BMO Capital Markets reaffirmed a hold rating and set a $24.00 price target on shares of Pilgrim's Pride in a report on Friday, August 25th. Finally, Morgan Stanley lifted their price target on shares of Pilgrim's Pride from $30.00 to $32.00 and gave the company an equal weight rating in a report on Friday, November 10th. Seven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $32.50.
Pilgrim's Pride (PPC) opened at $31.42 on Wednesday. The company has a market cap of $7,830.00, a P/E ratio of 12.42 and a beta of 0.29. The company has a quick ratio of 0.81, a current ratio of 1.65 and a debt-to-equity ratio of 1.49. Pilgrim's Pride has a 12-month low of $18.10 and a 12-month high of $38.39.
Institutional investors and hedge funds have recently bought and sold shares of the business. New York State Teachers Retirement System bought a new stake in Pilgrim's Pride during the 3rd quarter worth approximately $134,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Pilgrim's Pride by 57.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,882 shares of the company’s stock valued at $167,000 after purchasing an additional 2,139 shares during the last quarter. Seven Eight Capital LP bought a new stake in shares of Pilgrim's Pride in the 2nd quarter valued at $134,000. CIBC Asset Management Inc bought a new stake in shares of Pilgrim's Pride in the 3rd quarter valued at $237,000. Finally, FCA Corp TX bought a new stake in shares of Pilgrim's Pride in the 3rd quarter valued at $244,000. 24.62% of the stock is currently owned by hedge funds and other institutional investors.
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Pilgrim's Pride 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.
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