Pilgrim’s Pride Corporation (PPC) Given Media Sentiment Score of 0.29
News headlines about Pilgrim’s Pride Corporation (NASDAQ:PPC) have been trending positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pilgrim’s Pride Corporation earned a news impact score of 0.29 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.925019615757 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Pre-Market Technical Pulse on Food Stocks — Blue Buffalo Pet Products, Kraft Heinz, Pilgrim’s Pride, and Lamb Weston (markets.businessinsider.com)
- Pilgrim’s Pride Corp. :PPC-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017 (finance.yahoo.com)
- Pilgrim’s Pride Corporation (NASDAQ:PPC) Closed 11.9% Above Its 50 Day Moving Average – Modern Readers (modernreaders.com)
- SemGroup Corporation (SEMG) Eye Catching Move in Focus- Pilgrim’s Pride Corporation (PPC) – Investing News Update (investingbizz.com)
- Pilgrim’s Pride Corporation (PPC) registers a price change of 2.20% while Brixmor Property Group Inc. (BRX) finishes … – Stocks Gallery (stocksgallery.com)
A number of equities analysts have issued reports on the company. Vertical Group raised Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a report on Monday, April 24th. Vertical Research raised Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a report on Friday, April 21st. They noted that the move was a valuation call. BMO Capital Markets reissued a “hold” rating and issued a $24.00 price target on shares of Pilgrim’s Pride Corporation in a research note on Tuesday, June 27th. BidaskClub raised Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Finally, ValuEngine raised Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $24.50.
Shares of Pilgrim’s Pride Corporation (PPC) traded up 1.09% during midday trading on Friday, hitting $26.94. The stock had a trading volume of 672,936 shares. Pilgrim’s Pride Corporation has a 1-year low of $17.15 and a 1-year high of $26.96. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 13.59 and a beta of 0.19. The firm’s 50-day moving average price is $23.25 and its 200-day moving average price is $22.64.
Pilgrim’s Pride Corporation (NASDAQ:PPC) last released its earnings results on Wednesday, August 2nd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.11. Pilgrim’s Pride Corporation had a return on equity of 49.65% and a net margin of 6.05%. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the company posted $0.60 EPS. Pilgrim’s Pride Corporation’s revenue for the quarter was up 11.0% on a year-over-year basis. Analysts forecast that Pilgrim’s Pride Corporation will post $2.45 earnings per share for the current year.
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Pilgrim’s Pride Corporation Company Profile
Pilgrim’s Pride Corporation is a retail feed store. It is a producer and seller of chicken with operations in the United States, Mexico and Puerto Rico. It is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators.
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