Shares of Pilgrim’s Pride Co. (NASDAQ:PPC – Get Free Report) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $46.33.
A number of research analysts have issued reports on PPC shares. StockNews.com lowered shares of Pilgrim’s Pride from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 2nd. BMO Capital Markets boosted their target price on shares of Pilgrim’s Pride from $47.00 to $48.00 and gave the company a “market perform” rating in a research note on Monday. Finally, Santander started coverage on shares of Pilgrim’s Pride in a research note on Wednesday, March 5th. They set a “neutral” rating for the company.
Read Our Latest Analysis on Pilgrim’s Pride
Institutional Investors Weigh In On Pilgrim’s Pride
Pilgrim’s Pride Price Performance
Shares of NASDAQ:PPC opened at $49.60 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 2.01 and a debt-to-equity ratio of 0.75. Pilgrim’s Pride has a fifty-two week low of $33.25 and a fifty-two week high of $57.16. The firm has a 50-day simple moving average of $49.76 and a 200 day simple moving average of $48.22. The company has a market cap of $11.76 billion, a PE ratio of 10.88 and a beta of 0.71.
Pilgrim’s Pride Increases Dividend
The firm also recently announced a special dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a dividend of $6.30 per share. This is a boost from Pilgrim’s Pride’s previous special dividend of $2.75.
About Pilgrim’s Pride
Pilgrim’s Pride Corp. engages in the production, processing, marketing, and distribution of fresh, frozen and value-added chicken and pork products to retailers, distributors, and foodservice operators. It operates through the following segments: U.S., U.K. and Europe, and Mexico. The company was founded by Lonnie A.
Further Reading
- Five stocks we like better than Pilgrim’s Pride
- Stock Analyst Ratings and Canadian Analyst Ratings
- Can TikTok Stock Picks Really Make You Rich?
- Investing In Preferred Stock vs. Common Stock
- The “Quality” Rotation: Back to Basics Investing
- Investing in Commodities: What Are They? How to Invest in Them
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for Pilgrim's Pride Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pilgrim's Pride and related companies with MarketBeat.com's FREE daily email newsletter.