The stock of Pilgrim’s Pride Corp. (PPC) has seen a -3.67% decrease in the past week, with a -4.23% drop in the past month, and a 19.44% flourish in the past quarter. The volatility ratio for the week is 3.15%, and the volatility levels for the past 30 days are at 2.55% for PPC. The simple moving average for the last 20 days is -6.19% for PPC stock, with a simple moving average of 19.22% for the last 200 days.
Is It Worth Investing in Pilgrim’s Pride Corp. (NASDAQ: PPC) Right Now?
The price-to-earnings ratio for Pilgrim’s Pride Corp. (NASDAQ: PPC) is 13.02x, which is above its average ratio. Moreover, the 36-month beta value for PPC is 0.83. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 0 as “sell.”
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The public float for PPC is 41.27M and currently, short sellers hold a 8.26% of that float. On September 18, 2024, PPC’s average trading volume was 855.90K shares.
PPC) stock’s latest price update
Pilgrim’s Pride Corp. (NASDAQ: PPC)’s stock price has increased by 1.02 compared to its previous closing price of 41.05. However, the company has seen a -3.67% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-09-17 that Five mid-cap stocks that are set to turn into large caps in the near term are CART, NCLH, SIRI, ANF, PPC.
Analysts’ Opinion of PPC
Many brokerage firms have already submitted their reports for PPC stocks, with BofA Securities repeating the rating for PPC by listing it as a “Neutral.” The predicted price for PPC in the upcoming period, according to BofA Securities is $47 based on the research report published on August 15, 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 $46. The rating they have provided for PPC stocks is “Market Perform” according to the report published on August 12th, 2024.
Argus gave a rating of “Buy” to PPC, setting the target price at $41 in the report published on June 18th of the current year.
PPC Trading at -2.25% 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 unable to rebound, for now settling with -12.58% of loss for the given period.
Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 3.15%, as shares sank -5.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.42% upper at present.
During the last 5 trading sessions, PPC fell by -3.67%, which changed the moving average for the period of 200-days by +63.33% in comparison to the 20-day moving average, which settled at $44.09. In addition, Pilgrim’s Pride Corp. saw 49.93% 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 65,000 shares at the price of $44.50 back on Aug 06 ’24. After this action, Sandri Fabio now owns 279,565 shares of Pilgrim’s Pride Corp., valued at $2,892,344 using the latest closing price.
Galvanoni Matthew R, the Chief Financial Officer of Pilgrim’s Pride Corp., sale 6,500 shares at $43.31 during a trade that took place back on Aug 06 ’24, which means that Galvanoni Matthew R is holding 51,750 shares at $281,515 based on the most recent closing price.
Stock Fundamentals for PPC
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.1 for the gross margin
The net margin for Pilgrim’s Pride Corp. stands at 0.04. The total capital return value is set at 0.16. Equity return is now at value 22.28, with 7.57 for asset returns.
Based on Pilgrim’s Pride Corp. (PPC), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.49. The debt to equity ratio resting at 0.87. The interest coverage ratio of the stock is 7.34.
Currently, EBITDA for the company is 1.02 billion with net debt to EBITDA at 1.29. When we switch over and look at the enterprise to sales, we see a ratio of 0.67. The receivables turnover for the company is 15.6for 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 1.82.
Conclusion
To wrap up, the performance of Pilgrim’s Pride Corp. (PPC) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
