Press coverage about Pilgrim's Pride (NASDAQ:PPC) has been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pilgrim's Pride earned a coverage optimism score of 0.03 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.2696809511923 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Pilgrim's Pride (NASDAQ PPC) traded up $0.18 on Friday, reaching $29.69. 1,033,196 shares of the company’s stock were exchanged, compared to its average volume of 1,159,394. 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 1 year low of $18.10 and a 1 year high of $38.39. The company has a market capitalization of $7,340.69, a price-to-earnings ratio of 11.74 and a beta of 0.29.
Pilgrim's Pride (NASDAQ:PPC) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.21. The firm had revenue of $2.79 billion for 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 business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. research analysts forecast that Pilgrim's Pride will post 2.85 EPS for the current year.
Several brokerages have recently commented on PPC. BidaskClub cut shares of Pilgrim's Pride from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. KeyCorp started coverage on shares of Pilgrim's Pride in a research report on Tuesday, October 31st. They set a “hold” rating for the company. Jefferies Group reissued a “hold” rating and set a $27.00 price objective (up previously from $25.00) on shares of Pilgrim's Pride in a research note on Friday, October 6th. Morgan Stanley lifted their price objective on shares of Pilgrim's Pride from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Finally, ValuEngine lowered shares of Pilgrim's Pride from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $32.50.
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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