Pilgrim's Pride (PPC) Stock Forecast, Price Target & Predictions
PPC Stock Forecast
Pilgrim's Pride stock forecast is as follows: an average price target of $37.75 (represents a -6.49% downside from PPC’s last price of $40.37) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
PPC Price Target
The average price target for Pilgrim's Pride (PPC) is $37.75 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $42.00 to $28.00. This represents a potential -6.49% downside from PPC's last price of $40.37.
PPC Analyst Ratings
According to 6 Wall Street analysts, Pilgrim's Pride's rating consensus is 'Buy'. The analyst rating breakdown for PPC stock is 0 'Strong Buy' (0.00%), 4 'Buy' (66.67%), 2 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Pilgrim's Pride Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 18, 2024 | John Staszak | Argus Research | $41.00 | $35.53 | 15.40% | 1.56% |
| May 03, 2024 | Andrew Strelzik | BMO Capital | $42.00 | $36.63 | 14.66% | 4.04% |
| Apr 11, 2024 | Arun Sundaram | CFRA | $40.00 | $36.00 | 11.11% | -0.92% |
| Jul 13, 2023 | Andrew Strelzik | Loop Capital Markets | $28.00 | $24.63 | 13.71% | -30.64% |
| Jul 29, 2022 | Kenneth Zaslow | BMO Capital | $36.00 | $32.48 | 10.84% | -10.82% |
The latest Pilgrim's Pride stock forecast, released on Jun 18, 2024 by John Staszak from Argus Research, set a price target of $41.00, which represents a 15.40% increase from the stock price at the time of the forecast ($35.53), and a 1.56% increase from PPC last price ($40.37).
Pilgrim's Pride Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 3 |
| Avg Price Target | - | $41.00 | $41.00 |
| Last Closing Price | $40.37 | $40.37 | $40.37 |
| Upside/Downside | -100.00% | 1.56% | 1.56% |
In the current month, the average price target of Pilgrim's Pride stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Pilgrim's Pride's last price of $40.37. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 09, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Aug 12, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Aug 12, 2024 | BMO Capital | Outperform | Market Perform | Downgrade |
| Aug 02, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Jul 25, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jun 18, 2024 | Argus Research | - | Buy | Initialise |
| May 03, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Apr 16, 2024 | Barclays | - | Equal-Weight | Downgrade |
| Apr 11, 2024 | CFRA | Buy | Buy | Hold |
| Jul 13, 2023 | BMO Capital | - | Outperform | Upgrade |
Pilgrim's Pride's last stock rating was published by Barclays on Sep 09, 2024. The company gave PPC a "Equal-Weight" rating, the same as its previous rate.
Pilgrim's Pride Financial Forecast
Pilgrim's Pride Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $4.53B | - | - | $4.17B | $4.13B | $4.47B | - | $4.24B | $4.04B | $3.83B | $3.64B | $3.27B | $3.12B | $3.08B | $2.82B | $3.07B | $3.06B | $2.78B | $2.84B | $2.72B | $2.66B | $2.70B |
| Avg Forecast | $4.54B | $4.55B | $4.65B | $4.44B | $4.50B | $4.52B | $4.62B | $4.45B | $4.48B | $4.30B | $4.38B | $4.11B | $4.03B | $4.48B | $4.32B | $4.10B | $3.81B | $3.72B | $3.30B | $3.26B | $3.31B | $3.01B | $2.95B | $3.00B | $2.89B | $2.75B | $2.87B | $2.74B | $2.95B | $4.24B |
| High Forecast | $4.58B | $4.59B | $4.69B | $4.48B | $4.54B | $4.56B | $4.66B | $4.49B | $4.56B | $4.33B | $4.41B | $4.14B | $4.06B | $4.52B | $4.32B | $4.20B | $3.91B | $3.82B | $3.39B | $3.34B | $3.39B | $3.09B | $3.03B | $3.08B | $2.97B | $2.82B | $2.95B | $2.81B | $3.54B | $5.09B |
| Low Forecast | $4.52B | $4.53B | $4.63B | $4.42B | $4.48B | $4.50B | $4.60B | $4.43B | $4.40B | $4.28B | $4.36B | $4.09B | $4.01B | $4.46B | $4.32B | $3.99B | $3.72B | $3.63B | $3.22B | $3.18B | $3.22B | $2.94B | $2.88B | $2.93B | $2.82B | $2.68B | $2.80B | $2.67B | $2.36B | $3.39B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 7 | 7 | 8 | 7 | 10 | 9 | 6 | 11 | 6 | 14 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | 1.01% | - | - | 1.01% | 1.02% | 1.00% | - | 1.03% | 1.06% | 1.03% | 1.10% | 1.00% | 0.94% | 1.02% | 0.96% | 1.02% | 1.06% | 1.01% | 0.99% | 0.99% | 0.90% | 0.64% |
Pilgrim's Pride's average Quarter revenue forecast for Mar 24 based on 2 analysts is $4.45B, with a low forecast of $4.43B, and a high forecast of $4.49B. PPC's average Quarter revenue forecast represents a -1.73% decrease compared to the company's last Quarter revenue of $4.53B (Dec 23).
Pilgrim's Pride EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 7 | 7 | 8 | 7 | 10 | 9 | 6 | 11 | 6 | 14 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | $184.30M | - | - | $163.88M | $-41.48M | $460.66M | - | $505.75M | $183.41M | $213.02M | $-30.12M | $252.43M | $127.94M | $170.62M | $107.93M | $218.24M | $221.06M | $260.01M | $350.56M | $205.17M | $76.85M | $167.46M |
| Avg Forecast | $302.42M | $302.80M | $309.44M | $295.60M | $299.53M | $300.83M | $307.77M | $371.93M | $297.99M | $286.05M | $291.51M | $338.12M | $268.33M | $253.58M | $287.81M | $267.29M | $121.05M | $230.53M | $-28.08M | $201.95M | $158.96M | $128.68M | $218.05M | $256.75M | $281.85M | $234.64M | $304.58M | $205.17M | $84.53M | $228.36M |
| High Forecast | $304.96M | $305.34M | $312.03M | $298.08M | $302.05M | $303.36M | $310.35M | $446.32M | $303.45M | $288.46M | $293.95M | $405.74M | $270.58M | $304.30M | $287.81M | $320.75M | $145.26M | $276.63M | $-22.46M | $242.33M | $190.75M | $154.42M | $261.66M | $308.10M | $338.22M | $281.57M | $365.50M | $246.21M | $101.44M | $274.03M |
| Low Forecast | $301.15M | $301.52M | $308.14M | $294.35M | $298.27M | $299.57M | $306.48M | $297.55M | $292.70M | $284.85M | $290.28M | $270.50M | $267.20M | $202.86M | $287.81M | $213.83M | $96.84M | $184.42M | $-33.69M | $161.56M | $127.16M | $102.95M | $174.44M | $205.40M | $225.48M | $187.71M | $243.67M | $164.14M | $67.63M | $182.69M |
| Surprise % | - | - | - | - | - | - | - | - | 0.62% | - | - | 0.48% | -0.15% | 1.82% | - | 1.89% | 1.52% | 0.92% | 1.07% | 1.25% | 0.80% | 1.33% | 0.49% | 0.85% | 0.78% | 1.11% | 1.15% | 1.00% | 0.91% | 0.73% |
2 analysts predict PPC's average Quarter EBITDA for Mar 24 to be $371.93M, with a high of $446.32M and a low of $297.55M. This is 101.81% upper than Pilgrim's Pride's previous annual EBITDA (Dec 23) of $184.30M.
Pilgrim's Pride Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 7 | 7 | 8 | 7 | 10 | 9 | 6 | 11 | 6 | 14 | 13 |
| Net Income | - | - | - | - | - | - | - | - | $134.65M | - | - | $5.19M | $-155.04M | $258.35M | - | $280.44M | $36.47M | $60.73M | $-166.50M | $100.21M | $330.00K | $33.45M | $-6.40M | $67.27M | $92.08M | $109.77M | $170.07M | $84.01M | $-8.23M | $29.31M |
| Avg Forecast | $182.22M | $284.57M | $315.12M | $178.72M | $182.26M | $323.16M | $321.73M | $211.10M | $101.43M | $99.85M | $78.02M | $191.91M | $-15.98M | $72.29M | $261.38M | $151.71M | $24.26M | $65.72M | $-155.39M | $80.17M | $98.15K | $25.23M | $-12.19M | $79.14M | $117.40M | $99.06M | $147.76M | $84.01M | $-8.06M | $39.97M |
| High Forecast | $184.21M | $287.67M | $318.55M | $180.67M | $184.25M | $326.68M | $325.24M | $253.32M | $102.54M | $100.94M | $78.87M | $230.29M | $-15.89M | $86.75M | $261.38M | $182.05M | $29.11M | $78.86M | $-124.31M | $96.20M | $117.78K | $30.27M | $-9.76M | $94.97M | $140.88M | $118.87M | $177.32M | $100.81M | $-6.45M | $47.96M |
| Low Forecast | $181.23M | $283.01M | $313.39M | $177.74M | $181.27M | $321.39M | $319.97M | $168.88M | $100.88M | $99.30M | $77.59M | $153.53M | $-16.15M | $57.83M | $261.38M | $121.37M | $19.41M | $52.57M | $-186.46M | $64.13M | $78.52K | $20.18M | $-14.63M | $63.31M | $93.92M | $79.24M | $118.21M | $67.21M | $-9.67M | $31.97M |
| Surprise % | - | - | - | - | - | - | - | - | 1.33% | - | - | 0.03% | 9.70% | 3.57% | - | 1.85% | 1.50% | 0.92% | 1.07% | 1.25% | 3.36% | 1.33% | 0.52% | 0.85% | 0.78% | 1.11% | 1.15% | 1.00% | 1.02% | 0.73% |
Pilgrim's Pride's average Quarter net income forecast for Mar 24 is $211.10M, with a range of $168.88M to $253.32M. PPC's average Quarter net income forecast represents a 56.77% increase compared to the company's last Quarter net income of $134.65M (Dec 23).
Pilgrim's Pride SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 7 | 7 | 8 | 7 | 10 | 9 | 6 | 11 | 6 | 14 | 13 |
| SG&A | - | - | - | - | - | - | - | - | $131.09M | - | - | $133.68M | $142.84M | $158.07M | - | $139.97M | $291.64M | $251.07M | $503.37M | $102.78M | $187.77M | $219.55M | $92.57M | $92.71M | $115.60M | $94.03M | $88.36M | $81.92M | $85.63M | $84.14M |
| Avg Forecast | $203.43M | $203.68M | $208.15M | $198.84M | $201.48M | $202.36M | $207.02M | $105.36M | $200.45M | $192.42M | $196.08M | $95.78M | $180.50M | $298.87M | $193.60M | $75.72M | $192.49M | $271.70M | $469.25M | $82.22M | $233.29M | $165.59M | $187.01M | $109.07M | $147.39M | $84.86M | $76.77M | $81.92M | $94.19M | $114.73M |
| High Forecast | $205.13M | $205.39M | $209.89M | $200.50M | $203.17M | $204.05M | $208.76M | $126.43M | $204.12M | $194.03M | $197.73M | $114.94M | $182.01M | $358.65M | $193.60M | $90.86M | $230.98M | $326.04M | $563.09M | $98.67M | $279.95M | $198.71M | $224.42M | $130.89M | $176.86M | $101.83M | $92.12M | $98.31M | $113.03M | $137.68M |
| Low Forecast | $202.57M | $202.82M | $207.27M | $198.00M | $200.64M | $201.51M | $206.15M | $84.29M | $196.89M | $191.61M | $195.26M | $76.63M | $179.74M | $239.10M | $193.60M | $60.57M | $153.99M | $217.36M | $375.40M | $65.78M | $186.63M | $132.47M | $149.61M | $87.26M | $117.91M | $67.89M | $61.42M | $65.54M | $75.35M | $91.79M |
| Surprise % | - | - | - | - | - | - | - | - | 0.65% | - | - | 1.40% | 0.79% | 0.53% | - | 1.85% | 1.52% | 0.92% | 1.07% | 1.25% | 0.80% | 1.33% | 0.49% | 0.85% | 0.78% | 1.11% | 1.15% | 1.00% | 0.91% | 0.73% |
Pilgrim's Pride's average Quarter SG&A projection for Mar 24 is $105.36M, based on 2 Wall Street analysts, with a range of $84.29M to $126.43M. The forecast indicates a -19.63% fall compared to PPC last annual SG&A of $131.09M (Dec 23).
Pilgrim's Pride EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 7 | 7 | 8 | 7 | 10 | 9 | 6 | 11 | 6 | 14 | 13 |
| EPS | - | - | - | - | - | - | - | - | $0.57 | - | - | $0.02 | $-0.66 | $1.08 | - | $1.15 | $0.15 | $0.25 | $-0.68 | $0.41 | - | $0.14 | $-0.03 | $0.27 | $0.37 | $0.44 | $0.68 | $0.34 | $-0.03 | $0.12 |
| Avg Forecast | $0.77 | $1.20 | $1.33 | $0.75 | $0.77 | $1.36 | $1.35 | $0.69 | $0.43 | $0.42 | $0.33 | $0.05 | $-0.07 | $0.83 | $1.10 | $0.66 | $0.55 | $0.75 | $0.57 | $0.35 | $0.33 | $0.34 | $0.07 | $0.16 | $0.26 | $0.42 | $0.62 | $0.35 | $0.11 | $0.45 |
| High Forecast | $0.77 | $1.21 | $1.34 | $0.76 | $0.78 | $1.37 | $1.37 | $0.70 | $0.43 | $0.42 | $0.33 | $0.05 | $-0.07 | $0.84 | $1.10 | $0.68 | $0.57 | $0.78 | $0.58 | $0.36 | $0.34 | $0.35 | $0.07 | $0.17 | $0.27 | $0.43 | $0.64 | $0.36 | $0.13 | $0.54 |
| Low Forecast | $0.76 | $1.19 | $1.32 | $0.75 | $0.76 | $1.35 | $1.35 | $0.69 | $0.42 | $0.42 | $0.33 | $0.05 | $-0.07 | $0.83 | $1.10 | $0.64 | $0.54 | $0.73 | $0.55 | $0.34 | $0.31 | $0.32 | $0.06 | $0.15 | $0.26 | $0.40 | $0.60 | $0.33 | $0.09 | $0.36 |
| Surprise % | - | - | - | - | - | - | - | - | 1.34% | - | - | 0.43% | 9.82% | 1.29% | - | 1.74% | 0.27% | 0.33% | -1.20% | 1.18% | 0.00% | 0.42% | -0.39% | 1.69% | 1.40% | 1.05% | 1.10% | 0.98% | -0.30% | 0.27% |
According to 2 Wall Street analysts, Pilgrim's Pride's projected average Quarter EPS for Mar 24 is $0.69, with a low estimate of $0.69 and a high estimate of $0.70. This represents a 21.30% increase compared to PPC previous annual EPS of $0.57 (Dec 23).
Pilgrim's Pride Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| HAIN | Hain Celestial Group | $8.33 | $12.48 | 49.82% | Hold |
| NOMD | Nomad Foods | $19.49 | $24.00 | 23.14% | Buy |
| LANC | Lancaster Colony | $179.63 | $216.00 | 20.25% | Buy |
| SMPL | Simply Good Foods Company | $34.15 | $40.22 | 17.77% | Buy |
| POST | Post | $115.48 | $135.00 | 16.90% | Buy |
| SJM | J. M. Smucker Company | $120.74 | $135.23 | 12.00% | Hold |
| INGR | Ingredion | $134.60 | $136.50 | 1.41% | Buy |
| THS | TreeHouse Foods | $42.77 | $42.00 | -1.80% | Hold |
| PPC | Pilgrim's Pride | $40.37 | $37.75 | -6.49% | Buy |
| BRBR | BellRing Brands | $58.45 | $41.27 | -29.39% | Buy |
PPC Forecast FAQ
Is Pilgrim's Pride a good buy?
Yes, according to 6 Wall Street analysts, Pilgrim's Pride (PPC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 66.67% of PPC's total ratings.
What is PPC's price target?
Pilgrim's Pride (PPC) average price target is $37.75 with a range of $28 to $42, implying a -6.49% from its last price of $40.37. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Pilgrim's Pride stock go up soon?
According to Wall Street analysts' prediction for PPC stock, the company can go down by -6.49% (from the last price of $40.37 to the average price target of $37.75), up by 4.04% based on the highest stock price target, and down by -30.64% based on the lowest stock price target.
Can Pilgrim's Pride stock reach $60?
PPC's average twelve months analyst stock price target of $37.75 does not support the claim that Pilgrim's Pride can reach $60 in the near future.
What are Pilgrim's Pride's analysts' financial forecasts?
Pilgrim's Pride's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $18.09B (high $18.24B, low $18.01B), average EBITDA is $1.28B (high $1.36B, low $1.2B), average net income is $1.04B (high $1.09B, low $991.51M), average SG&A $716.23M (high $742.42M, low $692.58M), and average EPS is $4.17 (high $4.22, low $4.15). PPC's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $18.18B (high $18.33B, low $18.1B), average EBITDA is $1.21B (high $1.22B, low $1.21B), average net income is $960.62M (high $971.1M, low $955.37M), average SG&A $814.09M (high $820.92M, low $810.66M), and average EPS is $4.04 (high $4.08, low $4.02).
Did the PPC's actual financial results beat the analysts' financial forecasts?
Based on Pilgrim's Pride's last annual report (Dec 2023), the company's revenue was $17.36B, beating the average analysts forecast of $17.26B by 0.60%. Apple's EBITDA was $522.29M, missing the average prediction of $1.21B by -56.97%. The company's net income was $321.57M, missing the average estimation of $471.21M by -31.76%. Apple's SG&A was $551.77M, missing the average forecast of $684.73M by -19.42%. Lastly, the company's EPS was $1.36, beating the average prediction of $1.22 by 11.34%. In terms of the last quarterly report (Dec 2023), Pilgrim's Pride's revenue was $4.53B, beating the average analysts' forecast of $4.48B by 1.18%. The company's EBITDA was $184.3M, missing the average prediction of $297.99M by -38.15%. Pilgrim's Pride's net income was $134.65M, beating the average estimation of $101.43M by 32.75%. The company's SG&A was $131.09M, missing the average forecast of $200.45M by -34.60%. Lastly, the company's EPS was $0.57, beating the average prediction of $0.427 by 33.59%