Pilgrim’s Pride Corporation which can be found using ticker (PPC) have now 5 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 29 and 25 calculating the average target price we see $26.90. Given that the stocks previous close was at $23.60 this would imply there is now a potential upside of 14.0%. There is a 50 day moving average of $24.61 while the 200 day moving average is $26.57. The market cap for the company is $5,744m. Company Website: https://www.pilgrims.com
The potential market cap would be $6,547m based on the market consensus.
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Pilgrim’s Pride Corporation engages in the production, processing, marketing and distribution of fresh, frozen and value-added chicken, and pork products to retailers, distributors, and foodservice operators in the United States, the United Kingdom, Mexico, the Middle East, Asia, Continental Europe, and internationally. The company offers fresh products, including pre-marinated or non-marinated chicken, frozen whole chickens, breast fillets, mini breast fillets and prepackaged case-ready chicken, primary pork cuts, and pork and pork ribs; and prepared products, which include portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties, bone-in chicken parts, processed sausages, bacon, slow cooked, smoked meat, and gammon joints, as well as variety of meat products, pre-packed meats, sandwich and deli counter meats, pulled pork balls, meatballs, and coated foods. In addition, its exported products include whole chickens and chicken parts sold either refrigerated for distributors in the U.S. or frozen for distribution to export markets and primary pork cuts, hog heads, and trotters frozen for distribution to export markets. The company offers its products under the Pilgrim’s, Just BARE, Gold’n Pump, Gold Kist, County Pride, Pierce Chicken, Pilgrim’s Mexico, County Post, Savoro, To-Ricos, Del Dia, Moy Park, O’Kane, Richmond, Fridge Raiders, and Denny brands. Pilgrim’s Pride Corporation sells its products to the foodservice market principally consists of chain restaurants, food processors, broad-line distributors, and other institutions; and retail market, which comprise primarily grocery store chains, wholesale clubs, and other retail distributors. The company was founded in 1946 and is headquartered in Greeley, Colorado. Pilgrim’s Pride Corporation is a subsidiary of JBS S.A.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 7.64, revenue per share of 72.86 and a 8.54% return on assets.