Daily High to Daily Low: Is It Safe to Buy Pilgrim’s Pride Corporation (PPC)?

Pilgrim’s Pride Corporation (NASDAQ:PPC) went up by 1.96% from its latest closing price compared to the recent 1-year high of $33.67. The company’s stock price has collected -1.12% of loss in the last five trading sessions. The Wall Street Journal reported on 09/23/20 that Pilgrim’s Pride CEO Jayson Penn Leaves Company

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Is It Worth Investing in Pilgrim’s Pride Corporation (NASDAQ :PPC) Right Now?

Pilgrim’s Pride Corporation (NASDAQ:PPC) scored a price-to-earnings ratio above its average ratio, recording 14.30 x from its present earnings ratio. Plus, the 36-month beta value for PPC is at 0.96. Opinions of the stock are interesting as 1 analysts out of 8 who provided ratings for Pilgrim’s Pride Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 7 rated it as “hold,” and 0 as “sell.”

The average price from analysts is $19.17, which is $4.77 above the current price. PPC currently public float of 47.38M and currently shorts hold a 4.77% ratio of that float. Today, the average trading volume of PPC was 1.01M shares.

PPC’s Market Performance

PPC stocks went down by -1.12% for the week, with a monthly drop of -8.62% and a quarterly performance of -7.66%, while its annual performance rate touched -51.90%. The volatility ratio for the week stands at 3.87% while the volatility levels for the past 30 days are set at 3.37% for Pilgrim’s Pride Corporation. The simple moving average for the period of the last 20 days is -5.85% for PPC stocks with a simple moving average of -27.80% for the last 200 days.

Analysts’ Opinion of PPC

Many brokerage firms have already submitted their reports for PPC stocks, with BMO Capital Markets repeating the rating for PPC by listing it as a “Market Perform.” The predicted price for PPC in the upcoming period, according to BMO Capital Markets is $21 based on the research report published on June 29th of the current year 2020.

Barclays, on the other hand, stated in their research note that they expect to see PPC reach a price target of $20. The rating they have provided for PPC stocks is “Equal Weight” according to the report published on June 29th, 2020.

PPC Trading at -5.57% from the 50-Day Moving Average

After a stumble in the market that brought PPC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.27% of loss for the given period.

Volatility was left at 3.37%, however, over the last 30 days, the volatility rate increased by 3.87%, as shares sank -7.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.45% lower at present.

During the last 5 trading sessions, PPC fell by -1.12%, which changed the moving average for the period of 200-days by -52.51% in comparison to the 20-day moving average, which settled at $15.93. In addition, Pilgrim’s Pride Corporation saw -53.97% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PPC starting from Penn Jayson, who sale 3,988 shares at the price of $22.31 back on Feb 26. After this action, Penn Jayson now owns 200,420 shares of Pilgrim’s Pride Corporation, valued at $88,978 using the latest closing price.

Stock Fundamentals for PPC

Current profitability levels for the company are sitting at:

  • +6.32 for the present operating margin
  • +9.65 for the gross margin

The net margin for Pilgrim’s Pride Corporation stands at +4.00. The total capital return value is set at 15.20, while invested capital returns managed to touch 9.76. Equity return is now at value 10.90, with 3.70 for asset returns.

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Based on Pilgrim’s Pride Corporation (PPC), the company’s capital structure generated 103.10 points at debt to equity in total, while total debt to capital is 50.76. Total debt to assets is 36.66, with long-term debt to equity ratio resting at 99.44. Finally, the long-term debt to capital ratio is 48.96.

Currently, EBITDA for the company is 202.10M with total debt to EBITDA at 2.28. When we switch over and look at the enterprise to sales, we see a ratio of 0.93, with the company’s debt to enterprise value settled at 0.25. The receivables turnover for the company is 16.25 and the total asset turnover is 1.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.58.

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