NASDAQ:PPC - Pilgrim's Pride Stock Price, Forecast & News

Pilgrim's Pride's stock was trading at $18.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PPC shares have decreased by 1.0% and is now trading at $18.21. View which stocks have been mosted impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pilgrim's Pride in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Pilgrim's Pride.

Pilgrim's Pride is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Pilgrim's Pride.

Pilgrim's Pride Co. (NASDAQ:PPC) announced its quarterly earnings data on Thursday, February, 20th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by $0.08. The business earned $3.06 billion during the quarter, compared to analysts' expectations of $2.89 billion. Pilgrim's Pride had a net margin of 4.00% and a return on equity of 17.49%. The firm's revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. View Pilgrim's Pride's earnings history.

Pilgrim's Pride announced that its Board of Directors has authorized a share buyback plan on Wednesday, October 31st 2018, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 4.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

8 Wall Street analysts have issued 12-month price targets for Pilgrim's Pride's shares. Their forecasts range from $27.00 to $36.00. On average, they anticipate Pilgrim's Pride's stock price to reach $30.57 in the next twelve months. This suggests a possible upside of 67.9% from the stock's current price. View analysts' price targets for Pilgrim's Pride.

News stories about PPC stock have trended very negative on Tuesday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Pilgrim's Pride earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutPilgrim's Pride.

Pilgrim's Pride saw a increase in short interest in March. As of March 13th, there was short interest totaling 3,484,700 shares, an increase of 13.5% from the February 27th total of 3,070,000 shares. Based on an average daily volume of 1,262,000 shares, the short-interest ratio is presently 2.8 days. Approximately 6.6% of the shares of the stock are short sold. View Pilgrim's Pride's Current Options Chain.

Some companies that are related to Pilgrim's Pride include Mondelez International (MDLZ), General Mills (GIS), Hershey (HSY), Hormel Foods (HRL), Tyson Foods (TSN), Kellogg (K), MCCORMICK & CO /SH (MKC), Conagra Brands (CAG), Campbell Soup (CPB), J M Smucker (SJM), Post (POST), Flowers Foods (FLO), Lancaster Colony (LANC), Seaboard (SEB) and Hain Celestial Group (HAIN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Pilgrim's Pride investors own include Petrobras Argentina (PZE), Transportadora de Gas del Sur (TGS), Pampa Energia (PAM), Vedanta Resources (VED), OI (OIBR), Micron Technology (MU), General Electric (GE), NVIDIA (NVDA), VEON (VEON) and YPF (YPF).

Pilgrim's Pride trades on the NASDAQ under the ticker symbol "PPC."

Shares of PPC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PPC stock can currently be purchased for approximately $18.21.

Pilgrim's Pride has a market capitalization of $4.54 billion and generates $11.41 billion in revenue each year. The company earns $455.92 million in net income (profit) each year or $1.62 on an earnings per share basis. Pilgrim's Pride employs 31,900 workers across the globe. View additional information about Pilgrim's Pride.

The official website for Pilgrim's Pride is http://www.pilgrims.com/.

Pilgrim's Pride's mailing address is 1770 PROMONTORY CIRCLE, GREELEY CO, 80634. The company can be reached via phone at 970-506-8000 or via email at [email protected]