Pilgrim’s Pride Corp. (NASDAQ: PPC): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Pilgrim’s Pride Reports Fourth Quarter and Year-End 2023 Results.

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Stocks Info

PPC belongs to the Consumer Defensive sector of the NASDAQ while operating in the Packaged Foods industry. At the end of the last regular session, the stock closed at $32.21 and fluctuated between $32.63 as its day high and $31.48 as its day low. The current market capitalization of Pilgrim’s Pride Corp. is $7.63B. A total of 1.99 million shares were traded on the day, compared to an average of 637.83K shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for PPC in the last 3 months, the mean price target is $32.92 with high estimates of $36.00 and low estimates of $28.50. In terms of 52-week highs and lows, PPC has a high of $31.24 and a low of $19.96.

As of this writing, PPC has an earnings estimate of $0.54 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.66 per share and a lower estimate of $0.47. The company reported an EPS of $0.58 in the last quarter, which was 38.10% higher than expectations of $0.42.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $14.07, while its Total Shareholder’s Equity was $2.59B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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