Economy

Pilgrim's Pride Corporation (NASDAQ:PPC) Experiences Light Trading Volume

The firm has "Buy" rating by BMO Capital Markets given on Tuesday, June 6. The Company's divisions include Proprietary Products and Contract-Manufactured Products. It has a 8.87 P/E ratio. The analyst recommendations from a month ago are 19 Buy, 1 Overweight, 1 Sell, 6 Hold and 0 Underweight. They now have a United States dollars 27 price target on the stock. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.11. The firm earned "Hold" rating on Monday, July 17 by Deutsche Bank. Jefferies maintained the stock with "Hold" rating in Tuesday, October 3 report. The stock of Gilead Sciences, Inc. Karp Capital Management Corp purchased a new stake in Pilgrim's Pride Corporation during the first quarter worth about $1,255,000. Currently, 409.24 million total shares are owned by the public and among those 358.79 million shares have been available to trade. The company had a trading volume of 45,368 shares. The California-based Ami Asset Management Corp has invested 1.68% in the stock. Invesco Ltd, Georgia-based fund reported 426,466 shares.

About 2.05M shares traded. Gilead Sciences, Inc. (GILD) has declined 21.80% since October 9, 2016 and is downtrending. It has underperformed by 38.50% the S&P500.

Analysts await Gilead Sciences, Inc. (NASDAQ:GILD) to report earnings on November, 7. Aperio Grp Limited Com invested in 0.01% or 63,152 shares. GILD's profit will be $2.70B for 9.87 P/E if the $2.07 EPS becomes a reality. Next quarter's EPS is estimated at $0.47 with next year's EPS anticipated to be $2.73.

Baird Financial Group, Inc. reduced its position by shedding 1,554 shares a decrease of 0.9% as of 06/30/2017.

Investors are more bullish on shares of Pilgrim's Pride Corporation lately if you take into consideration the motion in short interest.

Shares of Pilgrim's Pride Corporation (PPC) opened at 28.97 on Friday. Oakworth Capital reported 393 shares or 0% of all its holdings. TrimTabs Asset Management LLC now owns 10,281 shares of the company's stock worth $225,000 after buying an additional 5,265 shares in the last quarter. Citigroup Inc owns 0% invested in Pilgrim's Pride Corporation (NASDAQ:PPC) for 121,138 shares. Century Inc has 74,732 shares. Utah Retirement System invested in 0% or 9,700 shares. The firm owned 898,067 shares of the company's stock after selling 1,066,934 shares during the quarter.

Pilgrim's Pride Corporation (NASDAQ:PPC) last posted its quarterly earnings results on Wednesday, August 2nd. Price T Rowe Assocs Md holds 785,374 shares or 0% of its portfolio. 759,518 are held by First Quadrant Ltd Partnership Ca. This illustrates a relatively optimistic outlook in the near term, with a relatively solid earnings per share growth rate of 21.44% over the next 1-2 years. After $0.94 actual EPS reported by Pilgrim's Pride Corporation for the previous quarter, Wall Street now forecasts -24.47% negative EPS growth.

How is Pilgrim's Pride going to perform in the future?

It is a producer and seller of chicken with operations in the United States, Mexico and Puerto Rico. The current P/E ration is 14.49 and forward P/E of 10.54 indicates where the company may be headed. It is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators.

Among 5 analysts covering Pilgrims Pride (NASDAQ:PPC), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. ValuEngine raised Pilgrim's Pride Corporation from a "buy" rating to a "strong-buy" rating in a report on Friday, September 1st. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the stock. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2017/10/10/pilgrims-pride-corporation-ppc-receives-hold-rating-from-jefferies-group-llc.html. The firm earned "Hold" rating on Wednesday, May 25 by BB&T Capital. KeyBanc Capital Markets downgraded the stock to "Sector Weight" rating in Monday, March 27 report. The rating was initiated by Jefferies with "Hold" on Wednesday, December 16.

06/26/2014 - Macquarie began new coverage on Pilgrim's Pride Corporation giving the company a "neutral" rating.

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