Pilgrim’s Pride Corporation (NASDAQ:PPC) saw an upside of 0.72% to close Friday at $29.29 after adding $0.21 on the day. The 5-day average trading volume is 883,300 shares of the company’s common stock. It has gained $29.70 in the past week and touched a new high 4 times within the past 5 days. An average of 864,770 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,000,428.
PPC’s 1-month performance is 4.68% or $1.31 on its low of $27.68 reached on 09/08/21. The company’s shares have touched a 52-week low of $14.71 and high of $29.70, with the stock’s rally to the 52-week high happening on 09/30/21. YTD, PPC has achieved 49.36% or $9.68 and has reached a new high 28 times. However, the current price is down -1.38%% from the 52-week high price.
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On Apr 06, 179 days have gone by since the last insider trading activity for Pilgrim’s Pride Corporation (PPC). Galvanoni Matthew R (Chief Financial Officer) most recently sold 2,951 shares at $24.16 per share on Apr 06. This transaction cost the insider $71,293.
Pilgrim’s Pride Corporation (PPC) has a trailing price-to-earnings (P/E) ratio of 18.82 for the broader industry and 24.31 for the sector, meaning that investors are optimistic about the stock’s future prospects. The company’s PE ratio for the last five years has touched a high of 63.62 and a low of 6.709. PPC stock has a beta of 1.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.54 while the price-to-book (PB) in the most recent quarter is 2.76.
Pilgrim’s Pride Corporation’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 1.40 meaning that PPC stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.88, while the total debt to equity was 0.89. In terms of profitability, the gross margin trailing 12 months is 9.00%The trailing 12-month EBITDA margin is 5.39%. The firm’s gross profit as reported stood at $838.2 million against revenue of $12.09 billion.
The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Return on investment over the past year is 3.70%. In comparison, the average ROE for the broader industry over the past year is 7.34.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PPC to announce $0.53 per share in earnings in its latest quarter, but it posted $0.63, representing a 18.90% surprise. EBITDA for the quarter stood at more than -$25.91 million. PPC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.15 billion, with total debt at $2.59 billion. Shareholders hold equity totaling $243.68 million
Let’s look briefly at Pilgrim’s Pride Corporation (PPC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 70.80% to suggest the stock is trending Overbought, with historical volatility in this time period at 16.64%.
The stock’s 5-day moving average is $29.14, reflecting a +2.77% or $0.79 change from its current price. PPC is currently trading +4.20% above its 20-day SMA, +18.82% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +39.48% and +43.79% respectively.
Stochastic %K and %D was 80.23% and 83.53% and the average true range (ATR) pointed at 0.52. The RSI (14) points at 71.98%, while the 14-day stochastic is at 77.96% with the period’s ATR at 0.51. The stock’s 9-day MACD Oscillator is pointing at 0.44 and 0.69 on the 14-day charts.
In the most recent analyst report for Pilgrim’s Pride Corporation (NASDAQ: PPC), Stephens upgraded it to an Overweight rating. They previously had an Equal-weight rating on the stock. Analysts offering their rating for PPC stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate PPC as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is PPC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $24.00 and a high of $28.00, with their median price target at $26.50. Looking at these predictions, the average price target given by analysts is for Pilgrim’s Pride Corporation (PPC) stock is $26.17.