Analyst Ratings for Pilgrim's Pride Corp. (PPC)Updated: 2017-07-29
Analysts covering Pilgrim's Pride Corp. (NASDAQ:PPC) have given it a consensus rating of Overweight. About 30 days ago, PPC was issued an average rating of Overweight.
A buy rating was issued by 3 analysts, 0 gave an overweight rating, 4 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
A number of analysts gave price targets for PPC. The most optimistic price target was 35, implying potential capital gains of 44.51 percent. The most pessimistic analyst gave a price target of 24, which equates to a potential downside of -0.91 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 3.25 percent. The average change in earnings estimates over the last 90 days is 20.78 percent. Meanwhile, fiscal year estimates have been revised upwards by 2.08 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 2.12 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 1 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 1 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of PPC's earnings is estimated by analysts to be 23.05 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. PPC has a PEG ratio of 0.64.
PPC has a 52-week high of 26.22 and a 52-week low of 17.15. Currently the stock is 41.22 percent higher than its low, and 7.63 percent below the high. PPC has a P/E ratio of 14.68. Investors typically compare the P/E ratio to a company's peers in the industry. The PPC value stock report compares PPC to some of its peers using value stock charts. The stock has a market capitalization of $6.02 billion. PPC is estimated to release their earnings results for the quarter on 0000-00-00, days from today.