Somewhat Positive Media Coverage Somewhat Unlikely to Affect Pilgrim's Pride (PPC) Stock Price

Media stories about Pilgrim's Pride (NASDAQ:PPC) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pilgrim's Pride earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.0859155754537 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

Pilgrim's Pride (NASDAQ:PPC) opened at $29.43 on Friday. Pilgrim's Pride has a 12 month low of $18.10 and a 12 month high of $38.39. The stock has a market capitalization of $7,330.74, a PE ratio of 11.63 and a beta of 0.29. The company has a quick ratio of 0.81, a current ratio of 1.65 and a debt-to-equity ratio of 1.49.

Pilgrim's Pride (NASDAQ:PPC) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.21. Pilgrim's Pride had a return on equity of 53.62% and a net margin of 7.03%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. research analysts anticipate that Pilgrim's Pride will post 2.89 EPS for the current year.

Several research analysts have recently issued reports on PPC shares. BidaskClub cut Pilgrim's Pride from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Jefferies Group set a $32.00 price objective on Pilgrim's Pride and gave the stock a “hold” rating in a research note on Thursday, November 16th. Morgan Stanley raised their price objective on Pilgrim's Pride from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. BMO Capital Markets raised their price objective on Pilgrim's Pride from $24.00 to $38.00 and gave the stock a “market perform” rating in a research note on Thursday, November 9th. Finally, ValuEngine cut Pilgrim's Pride from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Pilgrim's Pride presently has an average rating of “Hold” and a consensus price target of $32.50.

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About Pilgrim's Pride

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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