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BMO Capital Reaffirms Their Hold Rating on Pilgrim’s Pride (PPC)

Tipranks - Tipranks - Sat May 2, 7:40AM CDT

BMO Capital analyst Andrew Strelzik maintained a Hold rating on Pilgrim’s Pride today and set a price target of $38.00.

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Strelzik covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, Domino’s Pizza, and Brinker International. According to TipRanks, Strelzik has an average return of 4.3% and a 54.39% success rate on recommended stocks.

In addition to BMO Capital, Pilgrim’s Pride also received a Hold from Barclays’s Benjamin Theurer in a report issued yesterday. However, today, Barclays upgraded Pilgrim’s Pride (NASDAQ: PPC) to a Buy.

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Based on Pilgrim’s Pride’s latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $4.53 billion and a net profit of $101.42 million. In comparison, last year the company earned a revenue of $4.46 billion and had a net profit of $296.03 million

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