Jefferies Group LLC Analysts Give Pilgrim's Pride Co. (PPC) a $25.00 Price Target

Jefferies Group LLC set a $25.00 target price on Pilgrim's Pride Co. (NASDAQ:PPC) in a research note released on Tuesday morning. The firm currently has a hold rating on the stock.

Several other brokerages have also commented on PPC. Vertical Research raised Pilgrim's Pride Co. from a hold rating to a buy rating in a research report on Friday, April 21st. They noted that the move was a valuation call. BidaskClub lowered Pilgrim's Pride Co. from a buy rating to a hold rating in a research report on Tuesday, June 20th. BMO Capital Markets reissued a hold rating and set a $24.00 price objective on shares of Pilgrim's Pride Co. in a research report on Tuesday, June 27th. Zacks Investment Research lowered Pilgrim's Pride Co. from a buy rating to a hold rating in a research report on Friday, May 19th. Finally, Vertical Group raised Pilgrim's Pride Co. from a hold rating to a buy rating in a research report on Monday, April 24th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $24.50.

Pilgrim's Pride Co. (NASDAQ PPC) opened at 28.17 on Tuesday. The firm has a market cap of $7.01 billion, a P/E ratio of 14.21 and a beta of 0.19. Pilgrim's Pride Co. has a 12 month low of $17.15 and a 12 month high of $28.68. The stock has a 50 day moving average of $24.07 and a 200-day moving average of $22.97.

Pilgrim's Pride Co. (NASDAQ:PPC) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.11. Pilgrim's Pride Co. had a return on equity of 86.41% and a net margin of 10.40%. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. Equities research analysts predict that Pilgrim's Pride Co. will post $2.49 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in PPC. LSV Asset Management raised its position in shares of Pilgrim's Pride Co. by 8.1% in the second quarter. LSV Asset Management now owns 10,195,841 shares of the company’s stock valued at $223,492,000 after buying an additional 767,317 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Pilgrim's Pride Co. by 4.1% in the first quarter. Vanguard Group Inc. now owns 4,926,654 shares of the company’s stock valued at $110,874,000 after buying an additional 195,030 shares in the last quarter. BlackRock Inc. raised its position in shares of Pilgrim's Pride Co. by 662.4% in the first quarter. BlackRock Inc. now owns 4,173,974 shares of the company’s stock valued at $93,936,000 after buying an additional 3,626,463 shares in the last quarter. First Trust Advisors LP raised its position in shares of Pilgrim's Pride Co. by 24.5% in the first quarter. First Trust Advisors LP now owns 1,712,571 shares of the company’s stock valued at $38,541,000 after buying an additional 336,649 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Pilgrim's Pride Co. by 9.9% in the first quarter. Geode Capital Management LLC now owns 1,173,520 shares of the company’s stock valued at $26,409,000 after buying an additional 105,555 shares in the last quarter. 26.03% of the stock is owned by institutional investors and hedge funds.

About Pilgrim's Pride Co.

Pilgrim’s Pride Corporation is a retail feed store. It is a producer and seller of chicken with operations in the United States, Mexico and Puerto Rico. It is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators.

Analyst Recommendations for Pilgrim's Pride Co. (NASDAQ:PPC)

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