Stock Price & Analysis

Based on the recent market data and analysis, here's a concise assessment of PPC stock:

Technical Analysis: The stock has shown a clear downward trend since December 2024, falling from around $51 to current levels of $45.30. The stock is currently trading below both its short-term and long-term moving averages, with an RSI of 39.16 indicating slightly oversold conditions.

Recent Price Movement:

• Current price: $45.30 (as of Jan 17, 2025)
• 52-week range: $26.37 - $55.50
• The stock has experienced significant selling pressure, dropping about 15.83% from its recent pivot top

Analyst Perspectives: Recent analyst ratings show mixed sentiment:

• BMO Capital: Hold rating with $43 price target
• Barclays: Hold rating with $49 price target, citing confidence in Q4 and early 2025 performance as chicken maintains its position as the "best protein" in the market

Fundamental Strengths:

• Strong market presence in the protein industry
• Favorable PEG ratio of 0.18 compared to industry average of 0.60
• Positive earnings estimate revisions, with consensus increasing 4.3% over the last 60 days

Current Market Position: The stock is currently finding support at $44.74, with immediate resistance at $46.16. The technical indicators suggest further downside potential until a new bottom pivot is established.

Recommendation: SELL Given the current technical weakness and downward momentum, despite some positive fundamental factors, it would be prudent to wait for the stock to establish a new support level before considering a buy position. The stock appears likely to test lower levels in the near term.

Based on the provided data and technical analysis, PPC stock is projected to reach $48.23 by mid-2025, representing a 7% upside from current price of $45.07, driven by strong earnings growth and positive analyst sentiment as evidenced by recent Zacks Rank #1 rating. The stock shows bullish momentum with Fibonacci resistance levels indicating potential further upside, though RSI at 39.16 suggests current consolidation phase before next leg up.

The S1 support level for PPC Stock is $44.3 ,The R1 resistant level for PPC Stock is $46.6.

As of the end of day on 2025-01-24, the price of PPC Stock was $45.62.

The target price for PPC Stock according to analyst rating is 46.00, with the highest price target at 49.00 and the lowest at 43.00. Analysts have a Hold rating on PPC Stock overall.

The market cap of PPC is $10.8B.

Based on the provided financial data and recent analyst ratings, I'll analyze whether PPC is overvalued.

Valuation Analysis: PPC's current P/E ratio of 10.63x is significantly lower than historical levels (was 16.6x in Q1 2024), suggesting potential undervaluation.

Growth Metrics: Revenue has shown consistent growth from Q1 to Q3 2024 ($4.36B to $4.58B), while net income improved substantially from $174M to $350M.

Profitability Trends: Gross margin expanded from 8.8% in Q1 to 14.92% in Q3 2024, while net margin improved from 4.01% to 7.63%, indicating strengthening operational efficiency.

Analyst Consensus: Recent analyst ratings show a consensus "Hold" rating with price targets ranging from $42-55, suggesting the stock is fairly valued at current levels.

Based on improving fundamentals, expanding margins, and reasonable valuation metrics, PPC appears to be fairly valued to slightly undervalued at current levels.

Pilgrim's Pride Corporation is primarily engaged in the production, processing, marketing and distribution of fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators. The Company operates through three segments: United States (U.S.), United Kingdom (U.K.) and Europe, and Mexico. The Company’s Fresh products consist of refrigerated (nonfrozen) whole or cut-up chicken, frozen whole chickens, breast fillets, primary pork cuts, added value pork and pork ribs. Its Prepared products include portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties and bone-in chicken parts. Its Exported products primarily consist of whole chickens and chicken parts sold either refrigerated for distributors in the United States or frozen for distribution to export markets. Its Market overview consists of chain restaurants, food processors, broad-line distributors and certain other institutions.

Based on the provided data and market analysis, here's a price prediction for PPC stock by 2030:

PPC stock is expected to reach $72-75 by 2030, driven by strong fundamentals and industry leadership. The company's efficient vertically integrated production processes and growing market dominance in protein products supports this bullish outlook. Recent analyst coverage shows PPC has outperformed competitors with a 66.9% YTD gain and 74.4% gains over the past year.

The strong growth trajectory is further supported by PPC's attractive valuation metrics, with a current P/E ratio of 8.87 compared to the S&P 500's 24.51. The company's Value Score of A indicates significant upside potential.

PPC has a total of 61200 employees.