Pilgrim’s Pride Corp. (NASDAQ: PPC) has seen a rise in its stock price by 2.30 in relation to its previous close of 35.19. However, the company has experienced a 3.39% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-11 that HEES, PPC and BURL made it to the Zacks Rank #1 (Strong Buy) growth stocks list on April 11, 2024.
Is It Worth Investing in Pilgrim’s Pride Corp. (NASDAQ: PPC) Right Now?
Pilgrim’s Pride Corp. (NASDAQ: PPC) has a price-to-earnings ratio of 26.57x that is above its average ratio. Additionally, the 36-month beta value for PPC is 0.78. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for PPC is 40.95M and currently, short sellers hold a 4.35% ratio of that float. The average trading volume of PPC on April 12, 2024 was 686.99K shares.
PPC’s Market Performance
The stock of Pilgrim’s Pride Corp. (PPC) has seen a 3.39% increase in the past week, with a 7.85% rise in the past month, and a 26.27% gain in the past quarter. The volatility ratio for the week is 1.48%, and the volatility levels for the past 30 days are at 1.62% for PPC. The simple moving average for the last 20 days is 4.87% for PPC stock, with a simple moving average of 34.57% 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 “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 14.25% 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 able to rebound, for now settling with 1.10% of gains for the given period.
Volatility was left at 1.62%, however, over the last 30 days, the volatility rate increased by 1.48%, as shares surge +9.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.68% upper at present.
During the last 5 trading sessions, PPC rose by +3.39%, which changed the moving average for the period of 200-days by +72.58% in comparison to the 20-day moving average, which settled at $34.48. In addition, Pilgrim’s Pride Corp. saw 30.15% 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 0.66. 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 seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
