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 $38.80 (represents a -25.68% downside from PPC’s last price of $52.21) 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 $38.80 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $43.00 to $28.00. This represents a potential -25.68% downside from PPC's last price of $52.21.
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 |
|---|---|---|---|---|---|---|
| Oct 02, 2024 | Pooran Sharma | Stephens | $43.00 | $47.86 | -10.15% | -17.64% |
| Jun 18, 2024 | John Staszak | Argus Research | $41.00 | $35.53 | 15.40% | -21.47% |
| May 03, 2024 | Andrew Strelzik | BMO Capital | $42.00 | $36.63 | 14.66% | -19.56% |
| Apr 11, 2024 | Arun Sundaram | CFRA | $40.00 | $36.00 | 11.11% | -23.39% |
| Jul 13, 2023 | Andrew Strelzik | Loop Capital Markets | $28.00 | $24.63 | 13.71% | -46.37% |
| Jul 29, 2022 | Kenneth Zaslow | BMO Capital | $36.00 | $32.48 | 10.84% | -31.05% |
The latest Pilgrim's Pride stock forecast, released on Oct 02, 2024 by Pooran Sharma from Stephens, set a price target of $43.00, which represents a -10.15% decrease from the stock price at the time of the forecast ($47.86), and a -17.64% decrease from PPC last price ($52.21).
Pilgrim's Pride Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 4 |
| Avg Price Target | - | $43.00 | $41.50 |
| Last Closing Price | $52.21 | $52.21 | $52.21 |
| Upside/Downside | -100.00% | -17.64% | -20.51% |
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 $52.21. 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 | Jun 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 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $4.53B | - | - | $4.17B | $4.13B | $4.47B | $4.63B | $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 | $2.75B | $2.02B |
| Avg Forecast | $4.72B | $4.57B | $4.65B | $4.56B | $4.63B | $4.69B | $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 | $2.69B | $2.61B |
| High Forecast | $4.83B | $4.67B | $4.76B | $4.61B | $4.79B | $4.77B | $4.62B | $4.45B | $4.56B | $4.30B | $4.48B | $4.20B | $4.12B | $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 | $3.23B | $3.13B |
| Low Forecast | $4.59B | $4.44B | $4.52B | $4.51B | $4.43B | $4.60B | $4.62B | $4.45B | $4.40B | $4.30B | $4.26B | $4.00B | $3.92B | $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 | $2.16B | $2.09B |
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | 1.01% | - | - | 1.01% | 1.02% | 1.00% | 1.07% | 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% | 1.02% | 0.77% |
Pilgrim's Pride's average Quarter revenue forecast for Mar 24 based on 2 analysts is $4.45B, with a low forecast of $4.45B, and a high forecast of $4.45B. 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 | Jun 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 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | $184.30M | - | - | $163.88M | $-41.48M | $460.66M | $615.46M | $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 | $275.92M | $204.60M |
| Avg Forecast | $314.35M | $303.88M | $309.56M | $303.14M | $308.30M | $312.01M | $307.56M | $371.93M | $297.79M | $285.86M | $291.31M | $338.12M | $133.15M | $298.41M | $287.81M | $267.29M | $253.96M | $247.89M | $219.81M | $201.95M | $220.28M | $200.59M | $196.43M | $256.75M | $192.56M | $183.23M | $191.38M | $205.17M | $270.61M | $214.83M |
| High Forecast | $321.48M | $310.77M | $316.58M | $306.45M | $318.85M | $317.70M | $307.56M | $446.32M | $303.25M | $285.86M | $297.91M | $405.74M | $159.78M | $298.41M | $287.81M | $320.75M | $253.96M | $247.89M | $219.81M | $242.33M | $220.28M | $200.59M | $196.43M | $308.10M | $192.56M | $183.23M | $191.38M | $246.21M | $324.73M | $257.79M |
| Low Forecast | $305.70M | $295.52M | $301.04M | $299.84M | $294.78M | $306.32M | $307.56M | $297.55M | $292.50M | $285.86M | $283.29M | $270.50M | $106.52M | $298.41M | $287.81M | $213.83M | $253.96M | $247.89M | $219.81M | $161.56M | $220.28M | $200.59M | $196.43M | $205.40M | $192.56M | $183.23M | $191.38M | $164.14M | $216.49M | $171.86M |
| Surprise % | - | - | - | - | - | - | - | - | 0.62% | - | - | 0.48% | -0.31% | 1.54% | 2.14% | 1.89% | 0.72% | 0.86% | -0.14% | 1.25% | 0.58% | 0.85% | 0.55% | 0.85% | 1.15% | 1.42% | 1.83% | 1.00% | 1.02% | 0.95% |
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 | Jun 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 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 8 |
| Net Income | - | - | - | - | - | - | - | - | $134.65M | - | - | $5.19M | $-155.04M | $258.35M | $362.12M | $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 | $119.42M | $93.92M |
| Avg Forecast | $132.03M | $284.99M | $331.62M | $247.88M | $266.04M | $333.60M | $321.95M | $211.10M | $101.50M | $99.91M | $78.07M | $191.91M | $26.68M | $198.34M | $261.64M | $151.71M | $131.54M | $178.70M | $134.49M | $80.17M | $77.26M | $79.64M | $15.96M | $79.14M | $62.83M | $99.17M | $147.00M | $84.01M | $117.12M | $98.62M |
| High Forecast | $135.92M | $293.39M | $341.39M | $319.07M | $273.88M | $355.30M | $323.22M | $253.32M | $104.49M | $102.86M | $80.37M | $230.29M | $32.02M | $198.34M | $268.07M | $182.05M | $131.54M | $178.70M | $134.49M | $96.20M | $77.26M | $79.64M | $15.96M | $94.97M | $62.83M | $99.17M | $147.00M | $100.81M | $140.55M | $118.34M |
| Low Forecast | $127.30M | $274.80M | $319.75M | $182.70M | $256.52M | $311.91M | $320.67M | $168.88M | $97.87M | $96.34M | $75.28M | $153.53M | $21.35M | $198.34M | $255.22M | $121.37M | $131.54M | $178.70M | $134.49M | $64.13M | $77.26M | $79.64M | $15.96M | $63.31M | $62.83M | $99.17M | $147.00M | $67.21M | $93.70M | $78.89M |
| Surprise % | - | - | - | - | - | - | - | - | 1.33% | - | - | 0.03% | -5.81% | 1.30% | 1.38% | 1.85% | 0.28% | 0.34% | -1.24% | 1.25% | 0.00% | 0.42% | -0.40% | 0.85% | 1.47% | 1.11% | 1.16% | 1.00% | 1.02% | 0.95% |
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 | Jun 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 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 8 |
| SG&A | - | - | - | - | - | - | - | - | $131.09M | - | - | $133.68M | $142.84M | $158.07M | $163.87M | $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 | $85.28M | $62.85M |
| Avg Forecast | $213.96M | $206.84M | $210.70M | $206.34M | $209.85M | $212.37M | $209.34M | $105.36M | $202.69M | $194.57M | $198.28M | $95.78M | $211.73M | $200.73M | $193.60M | $75.72M | $170.83M | $166.75M | $147.86M | $82.22M | $148.17M | $134.93M | $132.13M | $109.07M | $129.52M | $123.25M | $128.74M | $81.92M | $83.64M | $66.00M |
| High Forecast | $218.81M | $211.53M | $215.48M | $208.59M | $217.03M | $216.24M | $209.34M | $126.43M | $206.41M | $194.57M | $202.78M | $114.94M | $254.08M | $200.73M | $193.60M | $90.86M | $170.83M | $166.75M | $147.86M | $98.67M | $148.17M | $134.93M | $132.13M | $130.89M | $129.52M | $123.25M | $128.74M | $98.31M | $100.37M | $79.19M |
| Low Forecast | $208.08M | $201.15M | $204.90M | $204.08M | $200.64M | $208.50M | $209.34M | $84.29M | $199.09M | $194.57M | $192.82M | $76.63M | $169.39M | $200.73M | $193.60M | $60.57M | $170.83M | $166.75M | $147.86M | $65.78M | $148.17M | $134.93M | $132.13M | $87.26M | $129.52M | $123.25M | $128.74M | $65.54M | $66.91M | $52.80M |
| Surprise % | - | - | - | - | - | - | - | - | 0.65% | - | - | 1.40% | 0.67% | 0.79% | 0.85% | 1.85% | 1.71% | 1.51% | 3.40% | 1.25% | 1.27% | 1.63% | 0.70% | 0.85% | 0.89% | 0.76% | 0.69% | 1.00% | 1.02% | 0.95% |
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 | Jun 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 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 8 |
| EPS | - | - | - | - | - | - | - | - | $0.57 | - | - | $0.02 | $-0.66 | $1.08 | $1.51 | $1.15 | $0.15 | $0.25 | $-0.68 | $0.41 | - | $0.14 | $-0.03 | $0.27 | $0.37 | $0.44 | $0.68 | $0.34 | $0.48 | $0.38 |
| Avg Forecast | $0.56 | $1.20 | $1.39 | $1.04 | $1.12 | $1.40 | $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 | $0.51 | $0.42 |
| High Forecast | $0.57 | $1.23 | $1.44 | $1.34 | $1.15 | $1.49 | $1.36 | $0.69 | $0.44 | $0.43 | $0.34 | $0.05 | $-0.06 | $0.83 | $1.13 | $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 | $0.61 | $0.50 |
| Low Forecast | $0.54 | $1.16 | $1.34 | $0.77 | $1.08 | $1.31 | $1.35 | $0.69 | $0.41 | $0.40 | $0.32 | $0.04 | $-0.07 | $0.83 | $1.07 | $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 | $0.41 | $0.34 |
| Surprise % | - | - | - | - | - | - | - | - | 1.34% | - | - | 0.43% | 9.82% | 1.29% | 1.37% | 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% | 0.94% | 0.90% |
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 $0.69. 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 | $7.36 | $12.48 | 69.57% | Hold |
| NOMD | Nomad Foods | $16.83 | $23.75 | 41.12% | Buy |
| THS | TreeHouse Foods | $33.55 | $40.60 | 21.01% | Hold |
| SJM | J. M. Smucker Company | $111.91 | $134.85 | 20.50% | Hold |
| LANC | Lancaster Colony | $179.62 | $216.00 | 20.25% | Buy |
| POST | Post | $110.31 | $132.00 | 19.66% | Buy |
| SMPL | Simply Good Foods Company | $38.00 | $40.50 | 6.58% | Buy |
| INGR | Ingredion | $141.98 | $138.75 | -2.27% | Buy |
| PPC | Pilgrim's Pride | $52.21 | $38.80 | -25.68% | Buy |
| BRBR | BellRing Brands | $73.26 | $47.25 | -35.50% | Buy |