The stock of Pilgrim’s Pride Corp. (PPC) has gone up by 2.86% for the week, with a 8.96% rise in the past month and a 19.34% rise in the past quarter. The volatility ratio for the week is 2.98%, and the volatility levels for the past 30 days are 2.13% for PPC. The simple moving average for the past 20 days is 7.11% for PPC’s stock, with a 32.85% simple moving average for the past 200 days.
Is It Worth Investing in Pilgrim’s Pride Corp. (NASDAQ: PPC) Right Now?
Pilgrim’s Pride Corp. (NASDAQ: PPC) has a higher price-to-earnings ratio of 20.43x compared to its average ratio, The 36-month beta value for PPC is at 0.78. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for PPC is 41.14M, and currently, shorts hold a 3.08% of that float. The average trading volume for PPC on August 01, 2024 was 623.41K shares.
PPC) stock’s latest price update
Pilgrim’s Pride Corp. (NASDAQ: PPC)’s stock price has gone rise by 2.44 in comparison to its previous close of 41.23, however, the company has experienced a 2.86% increase in its stock price over the last five trading days. zacks.com reported 2024-08-01 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Analysts’ Opinion of PPC
Many brokerage firms have already submitted their reports for PPC stocks, with Argus repeating the rating for PPC by listing it as a “Buy.” The predicted price for PPC in the upcoming period, according to Argus is $41 based on the research report published on June 18, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see PPC reach a price target of $38, previously predicting the price at $35. The rating they have provided for PPC stocks is “Equal Weight” according to the report published on April 16th, 2024.
BMO Capital Markets gave a rating of “Outperform” to PPC, setting the target price at $28 in the report published on July 13th of the previous year.
PPC Trading at 12.68% 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 0.87% of gains for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 2.98%, as shares surge +10.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.49% upper at present.
During the last 5 trading sessions, PPC rose by +4.41%, which changed the moving average for the period of 200-days by +78.55% in comparison to the 20-day moving average, which settled at $39.64. In addition, Pilgrim’s Pride Corp. saw 52.69% 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:
- 0.04 for the present operating margin
- 0.08 for the gross margin
The net margin for Pilgrim’s Pride Corp. stands at 0.03. The total capital return value is set at 0.1. 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 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is 4.24.
Currently, EBITDA for the company is 1.02 billion with net debt to EBITDA at 2.2. When we switch over and look at the enterprise to sales, we see a ratio of 0.72. The receivables turnover for the company is 14.72for trailing twelve months and the total asset turnover is 1.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.83.
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.
