Brokerage Firm Rating Update on Pilgrims Pride Corporation (PPC)

Pilgrims Pride Corporation (PPC) : 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Pilgrims Pride Corporation (PPC). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 2 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

Pilgrims Pride Corporation (PPC) : Average target price received by Pilgrims Pride Corporation (PPC) is $25 with an expected standard deviation of $2.83. The most aggressive target on the stock is $27, whereas the most downbeat target is $23. 2 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, BMO Capital downgrades its rating on Pilgrims Pride Corporation (NASDAQ:PPC). Analysts at the BMO Capital have a current rating of Market Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on June 6, 2016.

Pilgrims Pride Corporation (NASDAQ:PPC): The stock opened at $22.8 and touched an intraday high of $22.96 on Wednesday. During the day, the stock corrected to an intraday low of $22.59, however, the bulls stepped in and pushed the price higher to close in the green at $22.93 with a gain of 0.26% for the day. The total traded volume for the day was 690,507. The stock had closed at $22.87 in the previous trading session.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.