In a report released today, Benjamin Theurer from Barclays maintained a Hold rating on Pilgrim’s Pride, with a price target of $49.00. The company’s shares closed yesterday at $47.70.
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According to TipRanks, Theurer is a 4-star analyst with an average return of 4.0% and a 50.99% success rate. Theurer covers the Basic Materials sector, focusing on stocks such as FMC, Cemex SAB, and Cf Industries Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Pilgrim’s Pride with a $50.25 average price target, representing a 5.35% upside. In a report released on July 16, Bank of America Securities also maintained a Hold rating on the stock with a $47.00 price target.
PPC market cap is currently $11.13B and has a P/E ratio of 9.40.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PPC in relation to earlier this year. Last month, Fabio Sandri, the President & CEO of PPC sold 70,000.00 shares for a total of $3,208,100.00.
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