ZHONGPIN INC. (HOGS) Downgraded by Global Hunter Securities to "Reduce"
Friday, August 26, 2021 3:15 PM

Equities research analysts at Global Hunter Securities downgraded shares of ZHONGPIN INC. (NASDAQ: HOGS) from a "neutral" rating to a "reduce" rating in a research note to investors on Friday.

Separately, analysts at Zacks Investment Research upgraded shares of ZHONGPIN INC. from a "neutral" rating to an "outperform" rating in a research note to investors on Wednesday, August 17th. Also, analysts at Maxim Group cut their price target on shares of ZHONGPIN INC. from $20.00 to $15.00 in a research note to investors on Tuesday, August 9th. They now have a "buy" rating on the stock.

Shares of ZHONGPIN INC. traded up 0.37% during mid-day trading on Monday, hitting $8.19. ZHONGPIN INC. has a 52 week low of $7.70 and a 52 week high of $25.00. The stock's 50-day moving average is $9.53 and its 200-day moving average is $13.84. The company has a market cap of $330.5 million and a price-to-earnings ratio of 4.36.

ZHONGPIN INC. last announced its quarterly results on Monday, August 8th. The company reported $0.48 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.41 EPS by $0.07. The company’s quarterly revenue was up 70.4% on a year-over-year basis. On average, analysts predict that ZHONGPIN INC. will post $0.54 EPS next quarter.

Zhongpin Inc. is principally engaged in the meat and food processing and distribution business in the People’s Republic of China (the PRC). At December 31, 2009, the Company’s product line included 358 meat products, including chilled pork, frozen pork and prepared meats, and 34 vegetable and fruit products, that are sold on a wholesale basis and on a retail basis through an exclusive network of showcase stores, network stores and supermarket counters. Its eight processing plants are located in Henan, Jilin and Sichuan provinces and in Tianjin in the PRC, have an aggregate processing capacity of approximately 1,504.9 metric tons per day or approximately 541,760 metric tons on an annual basis for chilled and frozen pork. Its three prepared pork products facilities are located in Henan province. Its one vegetable and fruits processing plant is located in Henan province. All of its products are sold under the Zhongpin brand name.

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