Pilgrim's Pride Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for Pilgrim's Pride stock have an average target of 37.5, with a low estimate of 35 and a high estimate of 41. The average target predicts a decrease of -3.25% from the current stock price of 38.76.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$35	$37.5	$38	$41
Change	-9.70%	-3.25%	-1.96%	+5.78%

Analyst Ratings

The average analyst rating for PPC stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	1	1	1	1	2	2
Buy	2	2	2	2	2	2
Hold	2	2	3	3	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	5	6	6	6	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
John Staszak Argus Research	Argus Research	Strong Buy Initiates $41	Strong Buy	Initiates	$41	+5.78%	Jun 18, 2024
Adam Samuelson Goldman Sachs	Goldman Sachs	Hold Maintains $32 → $36	Hold	Maintains	$32 → $36	-7.12%	Apr 17, 2024
Duffy Fischer Barclays	Barclays	Buy → Hold Downgrades $35 → $38	Buy → Hold	Downgrades	$35 → $38	-1.96%	Apr 16, 2024
Peter Galbo B of A Securities	B of A Securities	Strong Buy Maintains $36 → $40	Strong Buy	Maintains	$36 → $40	+3.20%	Apr 15, 2024
Adam Samuelson Goldman Sachs	Goldman Sachs	Hold Maintains $29 → $32	Hold	Maintains	$29 → $32	-17.44%	Feb 27, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

18.27B

from 17.36B

5.25%

from 17.36B

Revenue Next Year

18.71B

from 18.27B

2.36%

from 18.27B

EPS This Year

3.45

from 1.36

153.99%

from 1.36

EPS Next Year

3.42

from 3.45

-0.88%

from 3.45

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	11.41B	12.09B	14.78B	17.47B	17.36B	18.27B	18.71B	18.91B	19.26B	19.67B
Revenue Growth	4.31%	5.98%	22.21%	18.21%	-0.61%	5.25%	2.36%	1.12%	1.83%	2.13%
EPS	1.83	0.39	0.13	3.10	1.36	3.45	3.42	3.59	4.12	4.48
EPS Growth	83.00%	-78.69%	-66.67%	2,284.62%	-56.13%	153.99%	-0.88%	4.72%	14.93%	8.82%
Forward PE	-	-	-	-	-	11.22	11.32	10.81	9.41	8.64
No. Analysts	-	-	-	-	-	7	7	4	2	2

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	19.6B	20.6B	19.8B	20.0B	20.5B
Avg	18.3B	18.7B	18.9B	19.3B	19.7B
Low	17.4B	17.6B	18.3B	18.7B	19.1B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	13.0%	12.5%	5.9%	5.9%	6.2%
Avg	5.3%	2.4%	1.1%	1.8%	2.1%
Low	0.5%	-3.6%	-2.3%	-1.2%	-0.9%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.46	4.43	3.77	4.28	4.66
Avg	3.45	3.42	3.59	4.12	4.48
Low	2.45	2.59	3.44	4.00	4.35

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	228.1%	28.3%	10.1%	19.5%	13.1%
Avg	154.0%	-0.9%	4.7%	14.9%	8.8%
Low	80.1%	-25.1%	0.5%	11.5%	5.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.