Pilgrim’s Pride Corp. (NASDAQ: PPC)’s stock price has decreased by -1.47 compared to its previous closing price of 35.39. However, the company has seen a -2.81% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
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 that is above its average at 16.87x. The stock has a 36-month beta value of 0.77. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for PPC is 40.98M, and at present, short sellers hold a 5.23% of that float. On May 02, 2024, the average trading volume of PPC was 709.36K shares.
PPC’s Market Performance
The stock of Pilgrim’s Pride Corp. (PPC) has seen a -2.81% decrease in the past week, with a 0.46% rise in the past month, and a 26.80% gain in the past quarter. The volatility ratio for the week is 1.57%, and the volatility levels for the past 30 days are at 1.66% for PPC. The simple moving average for the past 20 days is -1.95% for PPC’s stock, with a 25.61% simple moving average for the past 200 days.
Analysts’ Opinion of PPC
Many brokerage firms have already submitted their reports for PPC stocks, with Barclays repeating the rating for PPC by listing it as a “Equal Weight.” The predicted price for PPC in the upcoming period, according to Barclays is $38 based on the research report published on April 16, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see PPC reach a price target of $28, previously predicting the price at $26. The rating they have provided for PPC stocks is “Outperform” according to the report published on July 13th, 2023.
BofA Securities gave a rating of “Buy” to PPC, setting the target price at $26 in the report published on April 28th of the previous year.
PPC Trading at 2.82% 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 -4.39% of loss for the given period.
Volatility was left at 1.66%, however, over the last 30 days, the volatility rate increased by 1.57%, as shares surge +0.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.26% upper at present.
During the last 5 trading sessions, PPC fell by -2.87%, which changed the moving average for the period of 200-days by +42.30% in comparison to the 20-day moving average, which settled at $35.57. In addition, Pilgrim’s Pride Corp. saw 26.07% 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 15.40, with 5.17 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 1.83.
Conclusion
To sum up, Pilgrim’s Pride Corp. (PPC) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
