Analyst Price Target Update on Pilgrims Pride Corporation (NASDAQ:PPC)

Pilgrims Pride Corporation (NASDAQ:PPC): 3 analysts have set the short term price target of Pilgrims Pride Corporation (NASDAQ:PPC) at $26.67. The standard deviation of short term price target has been estimated at $3.51, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 30 and $23 respectively.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm BMO Capital downgrades its rating on Pilgrims Pride Corporation (NASDAQ:PPC). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on June 6, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The officer (Chief Financial Officer) of Pilgrims Pride Corp, Sandri Fabio sold 25,400 shares at $27.55 on February 23, 2015. The Insider selling transaction had a total value worth of $699,770. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Pilgrims Pride Corporation (NASDAQ:PPC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.59 points or 2.37% at $24.35 with 1,352,200 shares getting traded. Post opening the session at $24.83, the shares hit an intraday low of $24.25 and an intraday high of $24.94 and the price was in this range throughout the day. The company has a market cap of $6,198 million and the number of outstanding shares have been calculated to be 254,537,290 shares. The 52-week high of Pilgrims Pride Corporation (NASDAQ:PPC) is $27.79 and the 52-week low is $17.39.

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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