Could Pilgrim's Pride Corporation (PPC) Recover After Today's Huge Decline?

Elias Hubbard
December 15, 2017

Ladenburg Thalmann Financial Services Inc. now owns 5,882 shares of the company's stock valued at $167,000 after buying an additional 2,139 shares in the last quarter.

Tracking some technical levels, shares are trading 7.78% away from the 50 day simple moving average and 2.93% off of the 200 day simple moving average. PPC's profit will be $134.32M for 14.98 P/E if the $0.54 EPS becomes a reality.

Investors sentiment decreased to 0.92 in 2017 Q2. Pilgrim's Pride Corporation (NASDAQ:PPC) has declined 5.02% since December 15, 2016 and is downtrending. Its down 0.15, from 1.07 in 2017Q1. It dived, as 16 investors sold PPC shares while 71 reduced holdings.

More important recent Pilgrim's Pride Corporation (NASDAQ:PPC) news were published by: Businesswire.com which released: "Robbins Arroyo LLP Is Investigating the Officers and Directors of Pilgrim's ..." on December 05, 2017, also Prnewswire.com published article titled: "Leading Poultry Producer Pilgrim's Pride Corporation Chooses Gravity as its ...", Seekingalpha.com published: "Chicken processing stocks under pressure" on December 12, 2017. In isolation, this metric can be a bit too simplistic but in comparison to benchmarks, it tells us that PPC is undervalued relative to the current United States market average of 19.44x, and undervalued based on its latest annual earnings update compared to the food average of 21.31x. Waterfront Capital Partners Llc who had been investing in Equinix Inc for a number of months, seems to be bullish on the $35.90 billion market cap company. Balyasny Asset Management Llc acquired 675,862 shares as Pilgrim's Pride Corp (PPC)'s stock rose 15.24%. The current ratio for PPC is 1.70 and that of DRNA is 7.60. FCUUF's SI was 3.42 million shares in December as released by FINRA.

CFO, Sandri Fabio, sold 25,400 common shares of Pilgrim's Pride Corporation (PPC) in the open market.

Pilgrim's Pride Corporation (NASDAQ:PPC) produced a 83.69% rally since recording the worst price of $17.78. Therefore 0 are positive. BMO Capital Markets reiterated a "hold" rating and set a $24.00 target price on shares of Pilgrim's Pride Corporation in a research note on Tuesday, May 16th. KeyCorp initiated coverage on Pilgrim's Pride in a report on Tuesday, October 31st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. The rating was maintained by Jefferies on Tuesday, August 15 with "Hold". The firm has "Hold" rating by BB&T Capital given on Wednesday, May 25. The rating was downgraded by KeyBanc Capital Markets to "Sector Weight" on Monday, March 27. The firm has "Overweight" rating by KeyBanc Capital Markets given on Friday, December 2. Foundation Res invested in 0.08% or 20,727 shares. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.40 by $0.02. It also reduced Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) stake by 162,537 shares and now owns 1.13M shares. New York State Teachers Retirement System purchased a new position in shares of Pilgrim's Pride during the 3rd quarter valued at approximately $134,000. Citadel Advsr Limited Liability has invested 0.01% in Pilgrim's Pride Corporation (NASDAQ:PPC). Ls Invest Advsrs Ltd Company has invested 0.05% in Equinix, Inc. (NASDAQ:REIT). Moreover, Legal And General Gp Plc has 0.12% invested in Equinix, Inc. (NASDAQ:REIT). Barclays Public Limited Company reported 51,350 shares or 0.02% of all its holdings. The stock has "Buy" rating by Canaccord Genuity on Thursday, July 30. BidaskClub lowered Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. ValuEngine raised Pilgrim's Pride from a buy rating to a strong-buy rating in a research report on Friday, September 1st. On Monday, June 6 the stock rating was downgraded by BMO Capital Markets to "Market Perform". BMO Capital Markets has "Hold" rating and $24.0 target. On Wednesday, December 6 the stock rating was maintained by SunTrust with "Buy".

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