Pilgrims Pride (PPC) Stock

On January 2, 2024, LOMA, PPC, and CAC were included in the Zacks Rank #1 (Strong Buy) list of value stocks.

Pilgrim's Pride (PPC) finished the last trading day at $45.39, which is a slight decrease of 0.02% compared to the day before.

PPC is growing through new ideas, partnerships, and improving operations, but it is dealing with issues such as falling exports.

The strong selling pressure on Pilgrim's Pride (PPC) may have lessened, as the stock is currently considered oversold. Furthermore, the consensus among Wall Street analysts to raise earnings estimates suggests that the stock could be ready for a change in trend.

Tyson Foods, Pilgrim's Pride, and Beyond Meat are included in the Zacks Industry Outlook report.

Companies in the Zacks Food - Meat Products sector are taking advantage of the increasing need for protein-rich foods. Their efforts to boost production and expand their product ranges put TSN, PPC, and BYND in a strong position for future growth.

The strong selling pressure on Pilgrim's Pride (PPC) may have lessened, as the stock is now considered oversold. Furthermore, the consensus among Wall Street analysts to raise earnings estimates suggests that the stock could be ready for a change in direction.

Consumer Staples stocks are not doing as well as Consumer Discretionary stocks. PPC has had mixed results, with good sales in the domestic market but struggles in international markets. Although PPC's Q3 earnings per share exceeded expectations, their revenue fell short, yet the stock price increased after earnings because of positive trends in the chicken market.

Are you looking for ways to choose powerful stocks that can outperform the market for your investment portfolio? The Zacks Style Scores can help you with that.