Analyst Rating Update on Pilgrims Pride Corporation (PPC)

Pilgrims Pride Corporation (NASDAQ:PPC) : The consensus on Pilgrims Pride Corporation (NASDAQ:PPC) based on 3 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Pilgrims Pride Corporation (NASDAQ:PPC) : The consensus price target for Pilgrims Pride Corporation (NASDAQ:PPC) is $26.67 for the short term with a standard deviation of $3.51. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $30, however, the pessimist price target for the company is $23.

Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, BMO Capital downgrades its outlook on Pilgrims Pride Corporation (NASDAQ:PPC). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on June 6, 2016.

Pilgrims Pride Corporation (NASDAQ:PPC): On Tuesdays trading session , Opening price of the stock was $24.4 with an intraday high of $24.52. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $24.09. However, the stock managed to close at $24.22, a loss of 0.41% for the day. On the previous day, the stock had closed at $24.32. The total traded volume of the day was 1,090,467 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Sandri Fabio, officer (Chief Financial Officer) of Pilgrims Pride Corp, had unloaded 25,400 shares at an average price of $27.55 in a transaction dated on February 23, 2015. The total value of the transaction was worth $699,770.

Pilgrims Pride Corporation (Pilgrims) is a producer of Chicken products. The Company is a producer and seller of chicken products with operations in the United States, Mexico and Puerto Rico. The Company is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators. Its fresh chicken products include refrigerated (non-frozen) whole chickens, whole cut-up chickens and selected chicken parts that are either marinated or non-marinated. Its prepared chicken products include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties. The Company focuses on foodservice industry, principally chain restaurants and food processors, such as Chick-fil-A and Yum! Brands; distributors, such as US Foods and Sysco and retail customers, including grocery store chains, and wholesale clubs, such as Kroger, Wal-Mart, Costco, Publix and Sams Club.

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