Pilgrim's Pride (NASDAQ:PPC) had its price objective decreased by BMO Capital Markets to $31.00 in a report published on Friday morning. BMO Capital Markets currently has a market perform rating on the stock.
A number of other analysts also recently issued reports on PPC. KeyCorp initiated coverage on shares of Pilgrim's Pride in a report on Tuesday, October 31st. They set a hold rating for the company. Morgan Stanley initiated coverage on shares of Pilgrim's Pride in a report on Friday, November 3rd. They set an equal weight rating and a $30.00 price target for the company. BidaskClub downgraded shares of Pilgrim's Pride from a strong-buy rating to a buy rating in a report on Tuesday, November 7th. Jefferies Group set a $32.00 price target on shares of Pilgrim's Pride and gave the stock a hold rating in a report on Thursday, November 16th. Finally, ValuEngine downgraded shares of Pilgrim's Pride from a strong-buy rating to a buy rating in a report on Friday, December 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $30.75.
Shares of Pilgrim's Pride (PPC) traded up $0.50 during midday trading on Friday, hitting $27.00. 1,758,029 shares of the stock were exchanged, compared to its average volume of 1,360,298. The firm has a market cap of $6,591.94, a P/E ratio of 9.68 and a beta of 0.03. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.65 and a quick ratio of 0.81. Pilgrim's Pride has a fifty-two week low of $20.20 and a fifty-two week high of $38.39.
A number of hedge funds have recently modified their holdings of the business. Glenmede Trust Co. NA boosted its position in Pilgrim's Pride by 96.9% in the 4th quarter. Glenmede Trust Co. NA now owns 8,361 shares of the company’s stock valued at $259,000 after buying an additional 4,115 shares during the period. Macquarie Group Ltd. lifted its position in shares of Pilgrim's Pride by 89.1% during the 4th quarter. Macquarie Group Ltd. now owns 116,100 shares of the company’s stock worth $3,607,000 after purchasing an additional 54,700 shares during the last quarter. Vident Investment Advisory LLC lifted its position in shares of Pilgrim's Pride by 9.2% during the 4th quarter. Vident Investment Advisory LLC now owns 116,592 shares of the company’s stock worth $3,621,000 after purchasing an additional 9,799 shares during the last quarter. Verition Fund Management LLC lifted its position in shares of Pilgrim's Pride by 152.5% during the 4th quarter. Verition Fund Management LLC now owns 39,548 shares of the company’s stock worth $1,228,000 after purchasing an additional 23,884 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of Pilgrim's Pride by 12.6% during the 4th quarter. LPL Financial LLC now owns 18,164 shares of the company’s stock worth $564,000 after purchasing an additional 2,030 shares during the last quarter. 24.70% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “Pilgrim's Pride (PPC) Price Target Cut to $31.00 by Analysts at BMO Capital Markets” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/02/17/pilgrims-pride-ppc-price-target-cut-to-31-00-by-analysts-at-bmo-capital-markets.html.
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.
Receive News & Ratings for Pilgrim's Pride Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pilgrim's Pride and related companies with MarketBeat.com's FREE daily email newsletter.