The stock of Pilgrim’s Pride Corp (PPC) has gone down by -3.86% for the week, with a 10.47% rise in the past month and a 16.24% rise in the past quarter. The volatility ratio for the week is 3.40%, and the volatility levels for the past 30 days are 3.50% for PPC. The simple moving average for the last 20 days is 1.80% for PPC’s stock, with a simple moving average of 29.09% 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 above average at 12.14x. The 36-month beta value for PPC is also noteworthy at 0.83. 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.”
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The public float for PPC is 41.27M, and at present, short sellers hold a 13.23% of that float. The average trading volume of PPC on November 15, 2024 was 1.42M shares.
PPC) stock’s latest price update
The stock of Pilgrim’s Pride Corp (NASDAQ: PPC) has decreased by -4.53 when compared to last closing price of 52.72.Despite this, the company has seen a loss of -3.86% in its stock price over the last five trading days. zacks.com reported 2024-11-04 that VLRS, PPC and BABA made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 4, 2024.
Analysts’ Opinion of PPC
Many brokerage firms have already submitted their reports for PPC stocks, with Stephens repeating the rating for PPC by listing it as a “Equal-Weight.” The predicted price for PPC in the upcoming period, according to Stephens is $43 based on the research report published on October 03, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see PPC reach a price target of $47. The rating they have provided for PPC stocks is “Neutral” according to the report published on August 15th, 2024.
BMO Capital Markets gave a rating of “Market Perform” to PPC, setting the target price at $46 in the report published on August 12th of the current year.
PPC Trading at 8.95% 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 -9.32% of loss for the given period.
Volatility was left at 3.50%, however, over the last 30 days, the volatility rate increased by 3.40%, as shares surge +10.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.66% upper at present.
During the last 5 trading sessions, PPC fell by -3.86%, which changed the moving average for the period of 200-days by +85.24% in comparison to the 20-day moving average, which settled at $49.44. In addition, Pilgrim’s Pride Corp saw 81.96% 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:
- 0.08 for the present operating margin
- 0.11 for the gross margin
The net margin for Pilgrim’s Pride Corp stands at 0.05. The total capital return value is set at 0.19. Equity return is now at value 27.06, with 9.55 for asset returns.
Based on Pilgrim’s Pride Corp (PPC), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.6. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is 9.41.
Currently, EBITDA for the company is 1.02 billion with net debt to EBITDA at 0.81. When we switch over and look at the enterprise to sales, we see a ratio of 0.75. The receivables turnover for the company is 16.89for trailing twelve months and the total asset turnover is 1.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.95.
Conclusion
In summary, Pilgrim’s Pride Corp (PPC) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
