Pilgrim’s Pride Corporation (NASDAQ:PPC) currently has a daily average trading volume of 754.81K but it saw 1571122 shares traded on Thursday. With a market cap of 5.46B USD, stock’s current market price of $23.21 came falling about -2.44 while comparing to the previous closing price of $23.79. In past 52 weeks, the stock remained buoying in the range of price level as high as $34.66 and as low as $20.59. In the recent trading on the day, stock has struck highest price mark of $23.78 while lowest mark touched by it was $23.04.
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Taking a look at 20-day trading activity of Pilgrim’s Pride Corporation (PPC) gives us an average price of $22.82, while its current price level is -33.04% below from 52-week high level whereas it is 12.72% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $22.75 while that of 200 days or SMA-200 reads an average of $24.43. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.11% during that period while stretching the period over a month that increases to 2.82%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 53.03 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 7 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 5 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, PPC’s stock price is moving -1.69% down while it is 7.90% when we observe its performance for the past one month. Year-to-date it is -2.19% down and over the past year, the stock is showing a downside performance of -25.66%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.08 beat the consensus estimate of $0.05 for the same. For PPC, analysts are forecasting an EPS-growth rate of -62.90% for current year and estimate for EPS growth in next year is 77.40%. In next quarter, company is expected to be making quarterly sales of $4.33 billion as analysts are expecting the sales for current fiscal year at $17.04 billion and seeing the company making $17.37 billion in sales next year. Moreover, analysts are in estimates of $4.36 billion for current-quarter revenue.
Currently, Pilgrim’s Pride Corporation’s total number of outstanding shares is 236.59M with 82.79% of that held by the insiders while 18.28% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 14.90% and return on equity (ROE) at 16.60%. It has a price to earnings ratio (P/E ratio) of 11.91 while having a 10.53 of forward P/E ratio. Stock’s beta reads 0.98. Stock has a price to book (P/B) ratio of 1.90 while price to sale or P/S ratio amounts to 0.31. Its return on asset (ROA) is 5.10% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Mid Cap ETF came shrinking its share ownership by -0.06% in the Pilgrim’s Pride Corporation (PPC) decreasing its stake to 0.59% with control over 789.0 shares in the company.
