Pilgrim’s Pride Corp [NASDAQ: PPC] slipped around -7.83 points on Thursday, while shares priced at $46.75 at the close of the session, down -14.35%.
Compared to the average trading volume of 1.59M shares, PPC reached a trading volume of 4390245 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 Corp [PPC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PPC shares is $49.67 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 3.00. 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 Corp shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on October 03, 2024. The new note on the price target was released on August 15, 2024, representing the official price target for Pilgrim’s Pride Corp stock. Previously, the target price had yet another raise to $46, while BMO Capital Markets analysts kept a Market Perform rating on PPC stock.
The Average True Range (ATR) for Pilgrim’s Pride Corp is set at 2.10, with the Price to Sales ratio for PPC stock in the period of the last 12 months amounting to 0.62. The Price to Book ratio for the last quarter was 2.61, with the Price to Cash per share for the same quarter was set at 8.65. Price to Free Cash Flow for PPC in the course of the last twelve months was 7.33 with Quick ratio for the last quarter at 1.31.
How has PPC stock performed recently?
Pilgrim’s Pride Corp [PPC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.38. With this latest performance, PPC shares dropped by -6.22% in over the last four-week period, additionally plugging by 11.19% over the last 6 months – not to mention a rise of 45.99% 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 35.80, with the RSI for the last a single of trading hit 24.70, and the three-weeks RSI is set at 37.58 for Pilgrim’s Pride Corp [PPC]. The present Moving Average for the last 50 days of trading for this stock 52.59, while it was recorded at 52.43 for the last single week of trading, and 47.99 for the last 200 days.
Pilgrim’s Pride Corp [PPC]: Deeper insight into the fundamentals
Pilgrim’s Pride Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.31 and a Current Ratio set at 2.01.
Insider trade positions for Pilgrim’s Pride Corp [PPC]
There are presently around $21.34%, or 122.34%% of PPC stock, in the hands of institutional investors. The top three institutional holders of PPC stocks are: VANGUARD GROUP INC with ownership of 4.5 million shares, which is approximately 1.8988%. BLACKROCK INC., holding 4.22 million shares of the stock with an approximate value of $$162.54 million in PPC stocks shares; and BLACKROCK INC., currently with $$120.65 million in PPC stock with ownership which is approximately 1.3235%.
