Technical Analysis: PPC's stock has shown a downward trend in recent trading sessions, with the price declining from $29.20 to $28.87. The stock is currently trading below its recent highs, indicating bearish momentum.
News Impact: Recent news highlights significant developments affecting PPC:
Price Prediction for Next Week: Based on technical indicators and news sentiment:
Trading Recommendation: SELL Rationale:
The price of PPC is predicted to go up 2.3%, based on the high correlation periods with LMB. The similarity of these two price pattern on the periods is 98.42%.
PPC
LMB
Year
PPC Price Forecast($)
Potential Return(%)
2025
50.000
9.030
2026
55.000
18.180
2027
65.000
39.660
2028
65.000
39.660
2029
75.000
61.150
2030
75.000
61.150
As the second-largest producer, Pilgrim's should benefit from US health trends that favor chicken consumption in lieu of beef and pork.
Pilgrim's can grow its international sales more easily than other food companies, as raw meat doesn't need to adapt to local tastes like prepared foods do.
Pilgrim's Pride's international exposure, particularly its second-largest market in Mexico, should benefit from a growing middle class, as higher incomes historically drive greater meat consumption.
Barclays
2024-11-01
Price Target
$45 → $49
Downside
-2.33%