Pilgrim’s Pride Gets a Hold Rating from BMO Capital

By Jason Carr

BMO Capital analyst Kenneth Zaslow reiterated a Hold rating on Pilgrim’s Pride (NASDAQ: PPC) yesterday and set a price target of $24. The company’s shares closed yesterday at $24.37.

According to TipRanks.com, Zaslow is a 5-star analyst with an average return of 12.5% and a 79.2% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Mondelez International, and Monster Beverage Corp.

Currently, the analyst consensus on Pilgrim’s Pride is Hold and the average price target is $24.50, representing a 0.5% upside.

In a report issued on May 4, Jefferies also reiterated a Hold rating on the stock with a $25 price target.

Pilgrim’s Pride’s market cap is currently $6.06B and has a P/E ratio of 14.77. The company has a book value ratio of 6.2534.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Pilgrim’s Pride Corp. engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators. The company was founded by Lonnie A. Pilgrim and Aubrey Pilgrim on October 2, 1946 and is headquartered in Greeley, CO.