Short Term Rating on Pilgrims Pride Corporation (PPC)

Pilgrims Pride Corporation (PPC) : The consensus on Pilgrims Pride Corporation (PPC) based on 3 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Pilgrims Pride Corporation (PPC) : The consensus price target for Pilgrims Pride Corporation (PPC) is $26.67 for the short term with a standard deviation of $3.51. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $30, however, the pessimist price target for the company is $23.

Company shares have received an average consensus rating of Hold for the current week


Pilgrims Pride Corporation (NASDAQ:PPC): The stock opened at $25.60 on Tuesday but the bulls could not build on the opening and the stock topped out at $25.72 for the day. The stock traded down to $25.37 during the day, due to lack of any buying support eventually closed down at $25.40 with a loss of -0.31% for the day. The stock had closed at $25.48 on the previous day. The total traded volume was 1,425,493 shares.

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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