Alert: Positive Investment/Fundamental Signals (11/2/23)-Pilgrim’s Pride Corp (NASDAQ: PPC)


Recent exceptional positive changes in investment behavior have benefitted Pilgrim’s Pride Corp (NASDAQ: PPC): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Pilgrim’s Pride Corp (NASDAQ: PPC) has benefited from important positive changes in fundamentals. Positive developments: the stock’s power rating rose above 70, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

PPC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Pilgrim’s Pride has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Pilgrim’s Pride has a neutral Appreciation Score of 59 but a good Power Rating of 76, triggering the Positive Value Trend Rating.

Recent Price Action

Pilgrim’s Pride Corp (NASDAQ: PPC) stock closed at $25.61 on 11/2/23 after a slight decline of -0.04%. The stock has risen 8.9% during the last week and has been strong relative to the market over the last nine months.

Be the first to comment

Leave a Reply

Your email address will not be published.