Pilgrim’s Pride Corp. (PPC) Stock: Analyzing the Market Value

Pilgrim’s Pride Corp. (NASDAQ: PPC) has a higher price-to-earnings ratio of 25.62x compared to its average ratio, The 36-month beta value for PPC is at 0.79. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”

The public float for PPC is 40.95M, and currently, shorts hold a 5.29% of that float. The average trading volume for PPC on April 04, 2024 was 703.22K shares.

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PPC) stock’s latest price update

Pilgrim’s Pride Corp. (NASDAQ: PPC)’s stock price has dropped by -1.11 in relation to previous closing price of 35.10. Nevertheless, the company has seen a gain of 1.17% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-03 that Pilgrim’s Pride (PPC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company’s fundamentals for clues.

PPC’s Market Performance

Pilgrim’s Pride Corp. (PPC) has seen a 1.17% rise in stock performance for the week, with a 8.98% gain in the past month and a 22.22% surge in the past quarter. The volatility ratio for the week is 1.87%, and the volatility levels for the past 30 days are at 1.78% for PPC. The simple moving average for the past 20 days is 3.38% for PPC’s stock, with a 31.75% simple moving average for the past 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 “Outperform.” The predicted price for PPC in the upcoming period, according to BMO Capital Markets is $28 based on the research report published on July 13, 2023 of the previous year 2023.

BofA Securities, on the other hand, stated in their research note that they expect to see PPC reach a price target of $26. The rating they have provided for PPC stocks is “Buy” according to the report published on April 28th, 2023.

BMO Capital Markets gave a rating of “Market Perform” to PPC, setting the target price at $26 in the report published on April 14th of the previous year.

PPC Trading at 13.36% 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 -1.95% of loss for the given period.

Volatility was left at 1.78%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares surge +7.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.19% upper at present.

During the last 5 trading sessions, PPC rose by +1.17%, which changed the moving average for the period of 200-days by +57.20% in comparison to the 20-day moving average, which settled at $33.70. In addition, Pilgrim’s Pride Corp. saw 25.49% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PPC starting from Sandri Fabio, who sale 40,000 shares at the price of $33.32 back on Mar 14 ’24. After this action, Sandri Fabio now owns 257,065 shares of Pilgrim’s Pride Corp., valued at $1,332,936 using the latest closing price.

Stock Fundamentals for PPC

Current profitability levels for the company are sitting at:

  • 0.03 for the present operating margin
  • 0.07 for the gross margin

The net margin for Pilgrim’s Pride Corp. stands at 0.02. The total capital return value is set at 0.08. Equity return is now at value 10.42, with 3.37 for asset returns.

Based on Pilgrim’s Pride Corp. (PPC), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 1.02. The interest coverage ratio of the stock is 3.18.

Currently, EBITDA for the company is 1.02 billion with net debt to EBITDA at 2.74. When we switch over and look at the enterprise to sales, we see a ratio of 0.64. The receivables turnover for the company is 13.44for trailing twelve months and the total asset turnover is 1.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.68.

Conclusion

In conclusion, Pilgrim’s Pride Corp. (PPC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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