Pilgrim’s Pride Corporation – Consensus Indicates Potential 3.8% Upside

Broker Ratings
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Pilgrim’s Pride Corporation with ticker code (PPC) now have 5 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 30 and 28 calculating the mean target price we have 28.9. Now with the previous closing price of 27.83 this is indicating there is a potential upside of 3.8%. The 50 day moving average now sits at 27.95 while the 200 day moving average is 26.34. The company has a market cap of $5,852m. Find out more information at: https://www.pilgrims.com

The potential market cap would be $6,077m based on the market concensus.

Pilgrim’s Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, the United Kingdom, Mexico, France, Puerto Rico, the Netherlands, rest of Europe, the Middle East, Asia, and internationally. The company offers fresh chicken and pork products, including pre-marinated or non-marinated refrigerated (nonfrozen) whole or cut-up chickens; frozen whole chickens; breast and mini breast fillets; pork cuts; added value pork and pork ribs; and prepackaged case-ready chickens, such as whole chickens and chicken parts. It also provides prepared chicken products comprising portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties, and bone-in chicken parts; and exported chicken and pork products primarily consist of 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 Chicken, Pierce Chicken, Pilgrim’s Mexico, County Post, Savoro, To-Ricos, Del Dia, Moy Park, and O’Kane 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.

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