
Pilgrim's Pride (PPC) Stock Forecast & Price Target
Pilgrim's Pride (PPC) Analyst Ratings
Bulls say
Pilgrim's Pride has shown significant pricing strength, with leg quarter prices increasing by 25.9% year-over-year and wing prices rising by 37.5% during the latest reporting week, indicating strong demand in the poultry market. Additionally, the company's European operating margin has improved to 3.3% year-over-year, which reflects operational efficiency and effective pricing strategies in a challenging environment. Furthermore, consistent growth in production metrics, such as a 3.8% annual increase in eggs in incubators and a 5.6% rise in pullet placements, suggests a robust supply outlook that could support future sales growth.
Bears say
Pilgrim's Pride faces a negative outlook due to several fundamental factors affecting its financial performance. Corn and soybean meal prices are projected to decrease significantly in 2024 compared to 2023, yet the company may experience compressed margins in 2025 due to anticipated overproduction and a potential decline in chicken prices during seasonally weaker demand periods. Additionally, with JBS holding more than 80% of Pilgrim's Pride's shares and recent market challenges, including potential execution difficulties and higher feed costs, the company may struggle to meet financial expectations, which could lead to downward pressure on its stock.
This aggregate rating is based on analysts' research of Pilgrim's Pride and is not a guaranteed prediction by Public.com or investment advice.
Pilgrim's Pride (PPC) Analyst Forecast & Price Prediction
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