Pilgrim’s Pride Corp. (PPC) concluded trading on Thursday at a closing price of $43.57, with 2.8 million shares of worth about $122.11 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.13% during that period and on October 03, 2024 the price saw a loss of about -8.96%. Currently the company’s common shares owned by public are about 236.79M shares, out of which, 41.27M shares are available for trading.
Stock saw a price change of 1.09% in past 5 days and over the past one month there was a price change of -5.69%. Year-to-date (YTD), PPC shares are showing a performance of 57.52% which increased to 88.86% 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 $49.07 during that period. The average intraday trading volume for Pilgrim’s Pride Corp. shares is 1.27 million. The stock is currently trading 0.14% above its 20-day simple moving average (SMA20), while that difference is down -0.19% for SMA50 and it goes to 21.53% 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 $10.33B and its 3Y-monthly beta is at 0.82. PE ratio of stock for trailing 12 months is 13.68, 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 5.55% while standing at 3.80% over the month.
Stock’s fiscal year EPS is expected to rise by 169.39% while it is estimated to decrease by -14.13% 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 Stephens on Oct-04-24 offering an Equal-weight rating for the stock and assigned a target price of $43 to it. Coverage by BofA Securities stated Pilgrim’s Pride Corp. (PPC) stock as a Neutral in their note to investors on August 15, 2024, suggesting a price target of $47 for the stock. On August 12, 2024, BMO Capital Markets Downgrade their recommendations, while on June 18, 2024, Argus Initiated their ratings for the stock with a price target of $41. Stock get an Equal weight rating from Barclays on April 16, 2024.
