Pilgrim’s Pride Corp. (PPC) concluded trading on Wednesday at a closing price of $42.16, with 3.01 million shares of worth about $126.79 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.59% during that period and on September 18, 2024 the price saw a gain of about 1.66%. Currently the company’s common shares owned by public are about 236.79M shares, out of which, 41.27M shares are available for trading.
However, the stock later moved at a day high price of 43.05, or with a gain of 1.66%. Stock saw a price change of 0.36% in past 5 days and over the past one month there was a price change of -3.61%. Year-to-date (YTD), PPC shares are showing a performance of 52.42% which increased to 72.79% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.33 but also hit the highest price of $47.44 during that period. The average intraday trading volume for Pilgrim’s Pride Corp. shares is 870.85K. The stock is currently trading -4.39% below its 20-day simple moving average (SMA20), while that difference is down -0.78% for SMA50 and it goes to 20.92% higher than SMA200.
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Pilgrim’s Pride Corp. (NASDAQ: PPC) currently have 236.79M outstanding shares and institutions hold larger chunk of about 16.14% of that.
The stock has a current market capitalization of $10.00B and its 3Y-monthly beta is at 0.83. PE ratio of stock for trailing 12 months is 13.24, while it has posted earnings per share of $3.19 in the same period. It has Quick Ratio of 1.09 while making debt-to-equity ratio of 0.93. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PPC, volatility over the week remained 3.26% while standing at 2.62% over the month.
Stock’s fiscal year EPS is expected to rise by 167.30% while it is estimated to decrease by -11.85% in next year. EPS is likely to shrink at an annualized rate of -12.50% for next 5-years, compared to annual growth of 6.37% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on August 15, 2024 offering a Neutral rating for the stock and assigned a target price of $47 to it. Coverage by BMO Capital Markets stated Pilgrim’s Pride Corp. (PPC) stock as a Market perform in their note to investors on August 12, 2024, suggesting a price target of $46 for the stock. On June 18, 2024, Argus Initiated their recommendations, while on April 16, 2024, Barclays Downgrade their ratings for the stock with a price target of $38. Stock get an Outperform rating from BMO Capital Markets on July 13, 2023.
