Jefferies analyst Akshay Jagdale maintained a Hold rating on Pilgrim’s Pride (NASDAQ: PPC) today and set a price target of $19. The company’s shares closed yesterday at $17.96, close to its 52-week low of $16.30.
According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 3.8% and a 54.3% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Lamb Weston Holdings, McCormick & Company, and Sanderson Farms.
Pilgrim’s Pride has an analyst consensus of Moderate Buy, with a price target consensus of $22.50.
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The company has a one-year high of $38.39 and a one-year low of $16.30. Currently, Pilgrim’s Pride has an average volume of 1.01M.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PPC in relation to earlier this year.
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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. It operates through the following segments: U.S., U.K. & Europe, and Mexico.
