Somewhat Positive Press Coverage Somewhat Unlikely to Affect Pilgrim’s Pride Corporation (PPC) Share Price
Media headlines about Pilgrim’s Pride Corporation (NASDAQ:PPC) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pilgrim’s Pride Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.0587211324482 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Pilgrim’s Pride Corporation (PPC) PT Set at $32.00 by Jefferies Group LLC (americanbankingnews.com)
- Jefferies Group Equities Analysts Increase Earnings Estimates for Pilgrim’s Pride Corporation (PPC) (americanbankingnews.com)
- Hot Stock Analysis – Pilgrim’s Pride Corporation, (NASDAQ: PPC) – Stock Watch (stocksnewstimes.com)
- Pilgrim’s Pride (PPC) Looks Good on Robust Growth Drivers (finance.yahoo.com)
- Risk Factors to Consider Before Investment – Pilgrim’s Pride Corporation, (NASDAQ: PPC) – Stock Watch (stocksnewstimes.com)
Several research firms have commented on PPC. Vertical Research downgraded shares of Pilgrim’s Pride Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. BMO Capital Markets reaffirmed a “hold” rating and set a $24.00 price objective on shares of Pilgrim’s Pride Corporation in a report on Friday, August 25th. BidaskClub raised shares of Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. ValuEngine raised shares of Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Morgan Stanley increased their price target on shares of Pilgrim’s Pride Corporation from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Six investment analysts have rated the stock with a hold rating and three have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $30.20.
Shares of Pilgrim’s Pride Corporation (PPC) opened at $35.01 on Friday. Pilgrim’s Pride Corporation has a fifty-two week low of $17.15 and a fifty-two week high of $35.30. The stock has a market cap of $8,708.84, a PE ratio of 13.57 and a beta of 0.21. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.65 and a quick ratio of 0.81.
Pilgrim’s Pride Corporation (NASDAQ:PPC) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.21. Pilgrim’s Pride Corporation had a net margin of 7.03% and a return on equity of 53.62%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the firm posted $0.40 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. research analysts predict that Pilgrim’s Pride Corporation will post 2.85 EPS for the current year.
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About Pilgrim’s Pride Corporation
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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