Media coverage about Pilgrim's Pride (NASDAQ:PPC) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pilgrim's Pride earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.7307728188502 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Pilgrim's Pride (NASDAQ:PPC) traded up $0.18 on Friday, hitting $29.69. 1,033,196 shares of the company’s stock traded hands, compared to its average volume of 1,159,394. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.65 and a quick ratio of 0.81. The company has a market cap of $7,340.69, a P/E ratio of 11.74 and a beta of 0.29. Pilgrim's Pride has a twelve month low of $18.10 and a twelve month high of $38.39.
Pilgrim's Pride (NASDAQ:PPC) last announced its earnings results on Tuesday, November 7th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.21. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Pilgrim's Pride had a net margin of 7.03% and a return on equity of 53.62%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 EPS. analysts forecast that Pilgrim's Pride will post 2.85 earnings per share for the current year.
Several equities research analysts have recently commented on PPC shares. ValuEngine lowered Pilgrim's Pride from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th. BidaskClub lowered Pilgrim's Pride from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Morgan Stanley upped their target price on shares of Pilgrim's Pride from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. KeyCorp assumed coverage on shares of Pilgrim's Pride in a report on Tuesday, October 31st. They issued a “hold” rating for the company. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $27.00 target price (up previously from $25.00) on shares of Pilgrim's Pride in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Pilgrim's Pride has a consensus rating of “Hold” and a consensus target price of $32.50.
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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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