Investing In Pilgrim’s Pride Corp. (NASDAQ: PPC): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Pilgrim’s Pride Corporation to Host Year End 2023 Earnings Call on February 26, 2024.

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Stocks Info

The company is listed on the NASDAQ and operates within the Packaged Foods industry segment. At the end of the last regular session, the stock closed at $29.13 and fluctuated between $29.23 as its day high and $28.29 as its day low. The current market capitalization of Pilgrim’s Pride Corp. is $6.90B. A total of 0.7 million shares were traded on the day, compared to an average of 597.69K shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PPC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 6 BUYs and 0 SELLs from insiders. Insiders purchased 16,740 shares during that period but sold 0.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PPC in the last 3 months, the mean price target is $29.92 with high estimates of $32.00 and low estimates of $28.50. In terms of 52-week highs and lows, PPC has a high of $29.02 and a low of $19.96.

As of this writing, PPC has an earnings estimate of $Marathon Petroleum Corporation per share for the current quarter. EPS was calculated based on a consensus of Tidal ETF Trust II The Meet Kev estimates, with a high estimate of $PPL Corporation per share and a lower estimate of $PNC Financial Services Group, I.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PPC’s latest balance sheet shows that the firm has $427.66M in Cash & Short Term Investments as of fiscal 2021. There were $3.57B in debt and $2.39B in liabilities at the time. Its Book Value Per Share was $13.00, while its Total Shareholder’s Equity was $2.59B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PPC is Buy with a score of 4.20.

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