Currently, there are 236.79M common shares owned by the public and among those 41.14M shares have been available to trade.
The company’s stock has a 5-day price change of 1.46% and 5.84% over the past three months. PPC shares are trading 28.45% year to date (YTD), with the 12-month market performance up to 64.04% higher. It has a 12-month low price of $19.96 and touched a high of $39.00 over the same period. PPC has an average intraday trading volume of 631.47K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.19%, -1.17%, and 20.26% respectively.
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Institutional ownership of Pilgrim’s Pride Corp. (NASDAQ: PPC) shares accounts for 16.25% of the company’s 236.79M shares outstanding.
It has a market capitalization of $8.42B and a beta (3y monthly) value of 0.77. The stock’s trailing 12-month PE ratio is 17.19, while the earnings-per-share (ttm) stands at $2.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.90% over the week and 2.27% over the month.
Earnings per share for the fiscal year are expected to increase by 114.13%, and -3.57% over the next financial year. EPS should shrink at an annualized rate of -12.50% over the next five years, compared to 6.37% over the past 5-year period.
Looking at the support for the PPC, a number of firms have released research notes about the stock. Argus stated their Buy rating for the stock in a research note on June 18, 2024, with the firm’s price target at $41. Barclays coverage for the Pilgrim’s Pride Corp. (PPC) stock in a research note released on April 16, 2024 offered a Equal Weight rating with a price target of $38. BMO Capital Markets was of a view on July 13, 2023 that the stock is Outperform, while BofA Securities gave the stock Buy rating on April 28, 2023, issuing a price target of $26. BMO Capital Markets on their part issued Market Perform rating on April 14, 2023.
