Pilgrim's Pride (PPC) Getting Somewhat Positive Media Coverage, Study Shows

Headlines about Pilgrim's Pride (NASDAQ:PPC) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pilgrim's Pride earned a news impact score of 0.05 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.5596916186918 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news headlines that may have impacted Accern’s analysis:

Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Pilgrim's Pride from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. BidaskClub lowered shares of Pilgrim's Pride from a “hold” rating to a “sell” rating in a report on Friday, January 5th. ValuEngine lowered shares of Pilgrim's Pride from a “strong-buy” rating to a “buy” rating in a report on Friday, December 15th. Morgan Stanley assumed coverage on shares of Pilgrim's Pride in a report on Friday, November 3rd. They issued an “equal weight” rating and a $30.00 price target for the company. Finally, BMO Capital Markets boosted their price target on shares of Pilgrim's Pride from $24.00 to $38.00 and gave the stock a “market perform” rating in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Pilgrim's Pride presently has an average rating of “Hold” and a consensus target price of $32.50.

Shares of Pilgrim's Pride (NASDAQ:PPC) traded down $0.25 during midday trading on Tuesday, reaching $30.97. 811,123 shares of the company traded hands, compared to its average volume of 1,358,247. The stock has a market cap of $7,650.00, a price-to-earnings ratio of 12.24 and a beta of 0.29. 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 has a 12 month low of $18.10 and a 12 month high of $38.39.

Pilgrim's Pride (NASDAQ:PPC) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.98 EPS for the quarter, topping the 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 net margin of 7.03% and a return on equity of 53.62%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 EPS. research analysts predict that Pilgrim's Pride will post 2.85 EPS for the current fiscal year.

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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.

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