BB&T; (BBT) Analysts Upgrade Pilgrims Pride Corp (PPC) Shares to "Buy"
Wednesday, June 22, 2021 10:41 AM

Equities research analysts at BB&T (NYSE: BBT) upgraded shares of Pilgrims Pride Corp (NYSE: PPC) from a "hold" rating to a "buy" rating in a research note to investors on Wednesday.

Separately, analysts at Keybanc (NYSE: KEY) initiated coverage on shares of Pilgrims Pride Corp in a research note to investors on Friday, May 6th. They set a "hold" rating on the stock. Also, analysts at Zacks Investment Research downgraded shares of Pilgrims Pride Corp from a "neutral" rating to an "underperform" rating in a research note to investors on Monday, May 2nd.

Shares of Pilgrims Pride Corp traded up 2.36% during mid-day trading on Thursday, hitting $4.7801. Pilgrims Pride Corp has a 52 week low of $4.61 and a 52 week high of $8.61. The stock's 50-day moving average is $4.96 and its 200-day moving average is $6.6. The company has a market cap of $1.025 billion and a price-to-earnings ratio of 77.83.

Pilgrims Pride Corp last announced its quarterly results on Friday, April 29th. The company reported ($0.56) earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of ($0.22) EPS by $0.34. During the same quarter in the prior year, the company posted ($0.21) earnings per share. The company’s quarterly revenue was up 15.20% on a year-over-year basis. On average, analysts predict that Pilgrims Pride Corp will post $-0.07 EPS next quarter.

Pilgrim’s Pride Corporation (Pilgrim’s Pride) is a chicken company in the United States, Mexico and Puerto Rico. The Company’s prepared chicken products meet the needs of some of the customers in the food service industry across the United States. Under the Pilgrim's Pride brand name, its fresh chicken retail line is sold in the southeastern, central, southwestern and western regions of the United States, throughout Puerto Rico, and in the northern and central regions of Mexico. Additionally, it exports commodity chicken products to 90 countries. As a vertically integrated company, it controls every phase of the production of its products. The Company operates feed mills, hatcheries, processing plants and distribution centers in 14 United States of America states, Puerto Rico and Mexico. In December 2009, Pilgrim’s Pride announced that the Company and six of its subsidiaries have emerged from Chapter 11 bankruptcy protection.

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