Pilgrim’s Pride Corporation [NASDAQ: PPC] traded at a low on 06/10/20, posting a -1.92 loss after which it closed the day’ session at $19.39. The results of the trading session contributed to over 1369956 shares changing hands. Over the past one week, the price volatility of Pilgrim’s Pride Corporation stands at 4.86% while the volatility over the past one month is 5.02%.
The market cap for PPC stock reached $4.80 billion, with 249.35 million shares outstanding and 50.10 million shares in the current float. Compared to the average trading volume of 1.34M shares, PPC reached a trading volume of 1369956 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Pilgrim’s Pride Corporation [PPC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PPC shares is $29.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PPC stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stephens have made an estimate for Pilgrim’s Pride Corporation shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on June 03, 2020. While these analysts kept the previous recommendation, Stephens raised their target price from $20 to $28. The new note on the price target was released on May 11, 2020, representing the official price target for Pilgrim’s Pride Corporation stock. Previously, the target price had yet another raise to $35, while Stephens analysts kept a Equal-Weight rating on PPC stock.
The Average True Range (ATR) for Pilgrim’s Pride Corporation is set at 1.06, with the Price to Sales ratio for PPC stock in the period of the last 12 months amounting to 0.41. The Price to Book ratio for the last quarter was 1.96, with the Price to Cash per share for the same quarter was set at 2.06. Price to Free Cash Flow for PPC in the course of the last twelve months was 20.89 with Quick ratio for the last quarter at 1.00.
How has PPC stock performed recently?
Pilgrim’s Pride Corporation [PPC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.01. With this latest performance, PPC shares dropped by -11.01% in over the last four-week period, additionally sinking by -39.78% over the last 6 months – not to mention a drop of -28.26% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PPC stock in for the last two-week period is set at 45.57, with the RSI for the last a single of trading hit 44.02, and the three-weeks RSI is set at 46.28 for Pilgrim’s Pride Corporation [PPC]. The present Moving Average for the last 50 days of trading for this stock 19.97, while it was recorded at 19.31 for the last single week of trading, and 26.29 for the last 200 days.
Pilgrim’s Pride Corporation [PPC]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Pilgrim’s Pride Corporation [PPC] shares currently have an operating margin of +6.32 and a Gross Margin at +9.65. Pilgrim’s Pride Corporation’s Net Margin is presently recorded at +4.00.
Return on Total Capital for PPC is now 15.20, given the latest momentum, and Return on Invested Capital for the company is 9.76. Return on Equity for this stock inclined to 20.10, with Return on Assets sitting at 7.00. When it comes to the capital structure of this company, Pilgrim’s Pride Corporation [PPC] has a Total Debt to Total Equity ratio set at 103.10. Additionally, PPC Total Debt to Total Capital is recorded at 50.76, with Total Debt to Total Assets ending up at 36.66. Long-Term Debt to Equity for the company is recorded at 99.44, with the Long-Term Debt to Total Capital now at 48.96.
Reflecting on the efficiency of the workforce at the company, Pilgrim’s Pride Corporation [PPC] managed to generate an average of $7,794 per employee. Receivables Turnover for the company is 16.25 with a Total Asset Turnover recorded at a value of 1.75.Pilgrim’s Pride Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.90.
Earnings analysis for Pilgrim’s Pride Corporation [PPC]
With the latest financial reports released by the company, Pilgrim’s Pride Corporation posted 0.69/share EPS, while the average EPS was predicted by analysts to be reported at 0.61/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 13.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PPC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Pilgrim’s Pride Corporation go to 20.20%.
Insider trade positions for Pilgrim’s Pride Corporation [PPC]
There are presently around $967 million, or 20.30% of PPC stock, in the hands of institutional investors. The top three institutional holders of PPC stocks are: VANGUARD GROUP INC with ownership of 5,407,272, which is approximately 2.98% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 5,055,037 shares of the stock with an approximate value of $99.94 million in PPC stocks shares; and LSV ASSET MANAGEMENT, currently with $91.36 million in PPC stock with ownership of nearly -3.961% of the company’s market capitalization.
Positions in Pilgrim’s Pride Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 115 institutional holders increased their position in Pilgrim’s Pride Corporation [NASDAQ:PPC] by around 5,861,490 shares. Additionally, 140 investors decreased positions by around 9,594,826 shares, while 29 investors held positions by with 33,439,588 shares. The mentioned changes placed institutional holdings at 48,895,904 shares, according to the latest SEC report filing. PPC stock had 34 new institutional investments in for a total of 1,680,978 shares, while 51 institutional investors sold positions of 2,390,447 shares during the same period.