Pilgrim's Pride Corporation (PPC)
NASDAQ: PPC · IEX Real-Time Price · USD
35.84
-0.15 (-0.42%)
Apr 23, 2024, 2:58 PM EDT - Market open
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 34.83, with a low estimate of 25 and a high estimate of 40. The average target predicts a decrease of -2.82% from the current stock price of 35.84.
Analyst Consensus: Buy
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 2 | 2 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Hold Maintains $32 → $36 | Hold | Maintains | $32 → $36 | +0.45% | Apr 17, 2024 |
| Barclays | Barclays | Buy → Hold Downgrades $35 → $38 | Buy → Hold | Downgrades | $35 → $38 | +6.03% | Apr 16, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $36 → $40 | Strong Buy | Maintains | $36 → $40 | +11.61% | Apr 15, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $29 → $32 | Hold | Maintains | $29 → $32 | -10.71% | Feb 27, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $32 → $35 | Buy | Maintains | $32 → $35 | -2.34% | Feb 27, 2024 |
Financial Forecast
Revenue This Year
18.23B
from 17.36B
Increased by 5.02%
Revenue Next Year
18.62B
from 18.23B
Increased by 2.13%
EPS This Year
2.93
from 1.36
Increased by 115.12%
EPS Next Year
3.17
from 2.93
Increased by 8.34%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 19.5B | 20.4B | 19.8B |
| Avg | 18.2B | 18.6B | 18.9B |
| Low | 17.2B | 17.4B | 18.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.2% | 11.9% | 6.3% |
| Avg | 5.0% | 2.1% | 1.3% |
| Low | -1.2% | -4.7% | -2.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.33 | 3.66 | 3.66 |
| Avg | 2.93 | 3.17 | 3.28 |
| Low | 2.44 | 2.67 | 2.95 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 144.7% | 25.3% | 15.6% |
| Avg | 115.1% | 8.3% | 3.6% |
| Low | 79.4% | -8.9% | -6.9% |
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.