PPC has been the topic of several other reports. BidaskClub downgraded shares of Pilgrim's Pride from a strong-buy rating to a buy rating in a report on Tuesday, December 12th. Jefferies Group set a $32.00 price objective on shares of Pilgrim's Pride and gave the company a hold rating in a report on Thursday, November 16th. Morgan Stanley upped their price objective 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. ValuEngine downgraded shares of Pilgrim's Pride from a strong-buy rating to a buy rating in a report on Friday, December 15th. Finally, KeyCorp initiated coverage on shares of Pilgrim's Pride in a report on Tuesday, October 31st. They issued a hold rating on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $30.75.
Shares of Pilgrim's Pride (NASDAQ:PPC) opened at $27.00 on Friday. The firm has a market cap of $6,720.00, a P/E ratio of 9.68 and a beta of 0.03. Pilgrim's Pride has a 12-month low of $20.20 and a 12-month high of $38.39. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.81 and a current ratio of 1.65.
Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new position in shares of Pilgrim's Pride in the 4th quarter valued at $120,000. New York State Teachers Retirement System acquired a new position in shares of Pilgrim's Pride in the 3rd quarter valued at $134,000. Ladenburg Thalmann Financial Services Inc. lifted 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 period. The Manufacturers Life Insurance Company lifted its stake in shares of Pilgrim's Pride by 9.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,203 shares of the company’s stock valued at $201,000 after purchasing an additional 798 shares during the period. Finally, CIBC Asset Management Inc acquired a new position in shares of Pilgrim's Pride in the 3rd quarter valued at $237,000. Hedge funds and other institutional investors own 25.09% of the company’s stock.
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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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