Pilgrim’s Pride Corporation (NASDAQ:PPC) Getting Somewhat Favorable Media Coverage, Accern Reports

Media coverage about Pilgrim’s Pride Corporation (NASDAQ:PPC) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pilgrim’s Pride Corporation earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.3615635017916 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news stories that may have effected Accern’s scoring:

PPC has been the topic of a number of research reports. Vertical Research upgraded Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a report on Friday, April 21st. They noted that the move was a valuation call. BidaskClub downgraded Pilgrim’s Pride Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Zacks Investment Research downgraded Pilgrim’s Pride Corporation from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Vertical Group upgraded Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a report on Monday, April 24th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $24.00 target price on shares of Pilgrim’s Pride Corporation in a report on Tuesday, May 16th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.75.

Pilgrim’s Pride Corporation (NASDAQ:PPC) opened at 22.57 on Tuesday. The stock has a 50 day moving average price of $23.56 and a 200-day moving average price of $21.69. The firm has a market cap of $5.61 billion, a P/E ratio of 13.68 and a beta of 0.16. Pilgrim’s Pride Corporation has a one year low of $17.15 and a one year high of $26.22.

Pilgrim’s Pride Corporation (NASDAQ:PPC) last announced its earnings results on Wednesday, May 3rd. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.02. Pilgrim’s Pride Corporation had a net margin of 5.21% and a return on equity of 46.08%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the business posted $0.46 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Analysts predict that Pilgrim’s Pride Corporation will post $2.26 EPS for the current fiscal year.

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Pilgrim’s Pride Corporation Company Profile

Pilgrim’s Pride Corporation is a retail feed store. It is a producer and seller of chicken with operations in the United States, Mexico and Puerto Rico. It is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators.

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