Pilgrim’s Pride Corporation which can be found using ticker (PPC) now have 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 mean target price we have $26.90. Now with the previous closing price of $22.24 this would imply there is now a potential upside of 21.0%. Also worth taking note is the 50 day moving average now sits at $24.14 and the 200 moving average now moves to $26.06. The market cap for the company is $5,228m. Visit the company website at: https://www.pilgrims.com
The potential market cap would be $6,324m based on the market consensus.
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 6.85, revenue per share of 72.86 and a 8.54% return on assets.
