Pilgrim’s Pride (PPC) Earns News Sentiment Rating of 0.14

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News articles about Pilgrim’s Pride (NASDAQ:PPC) have trended somewhat positive on Saturday, according to Accern. The research group identifies negative and positive press coverage by analyzing 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 news sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.802500033279 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

NASDAQ:PPC opened at $18.78 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.87 and a debt-to-equity ratio of 1.26. Pilgrim’s Pride has a 12 month low of $16.30 and a 12 month high of $38.39. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 6.50 and a beta of 0.01.

Pilgrim’s Pride (NASDAQ:PPC) last posted its earnings results on Wednesday, August 1st. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.43). Pilgrim’s Pride had a return on equity of 34.12% and a net margin of 5.33%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period last year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. sell-side analysts forecast that Pilgrim’s Pride will post 1.96 earnings per share for the current year.

Several brokerages recently weighed in on PPC. Zacks Investment Research raised shares of Pilgrim’s Pride from a “sell” rating to a “hold” rating and set a $24.00 price target for the company in a research report on Wednesday, May 16th. BidaskClub raised shares of Pilgrim’s Pride from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 12th. ValuEngine downgraded shares of Pilgrim’s Pride from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Barclays started coverage on shares of Pilgrim’s Pride in a research report on Monday, July 16th. They issued an “overweight” rating and a $27.00 target price for the company. Finally, Mizuho set a $27.00 target price on shares of Pilgrim’s Pride and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.67.

In related news, Director Michael L. Cooper bought 2,500 shares of the business’s stock in a transaction on Thursday, August 9th. The stock was acquired at an average price of $17.36 per share, with a total value of $43,400.00. Following the transaction, the director now owns 7,771 shares in the company, valued at approximately $134,904.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 78.81% of the company’s stock.

Pilgrim’s Pride Company Profile

Pilgrim's Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products in the United States, the United Kingdom, Europe, and Mexico. The company offers fresh chicken products, including pre-marinated or non-marinated refrigerated (nonfrozen) whole or cut-up chicken; and prepackaged case-ready chicken, such as whole chickens and chicken parts.

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