Pilgrim’s Pride Trades above Key Moving Averages
Pilgrim’s Pride Gets 60% ‘Buy’ Ratings ahead of 4Q15 Earnings
Moving averages
Pilgrim’s Pride Corporation’s (PPC) stock closed yesterday’s trade at $22.30. It’s trading 6.6% above its 100-day moving average, 1.6% above its 50-day moving average, and 0.5% below its 20-day moving average. The stock has risen 4% in the last two months.
PPC’s peers in the industry include Hormel Foods (HRL), Sanderson Farms (SAFM), and Tyson Foods (TSN). Sanderson Farms closed yesterday’s trade at $79.20, which is 8.8% above its 100-day moving average, 3.4% above its 50-day moving average, and 1.7% above its 20-day moving average. SAFM has risen 13.2% in the last two months. Tyson Foods is trading 7.4% above its 100-day moving average but 0.6% and 0.5% below its 50-day and 20-day moving averages, respectively. TSN has risen 5.3% in the last two months. TSN closed yesterday’s trade at $51.90.
The First Trust Consumer Staples AlphaDEX Fund (FXG) invests 4.8% of its portfolio in HRL, 4.7% of its portfolio in TSN, and 3.4% of its portfolio in PPC. FXG is trading 1.3% and 1.7% below its 100-day and 50-day moving averages, respectively, but it’s trading 0.24% above its 20-day moving average. FXG closed at $42.82 in yesterday’s trade.
Analysts’ estimates
Analysts’ estimates indicate rises of 7.1% for TSN, 0.15% for SAFM, and 8.0% for PPC over the next 12-month period. Hormel Foods has already beaten estimates by 2.7%, and Sanderson Farms and Pilgrim’s Pride have risen 2.2% and 1.0%, respectively, on a YTD basis. Tyson Foods and Hormel Foods have fallen 2.6% and 0.8% respectively, on a YTD basis. FXG has fallen 3.7%. The PowerShares DWA Consumer Staples Momentum Portfolio (PSL) invests 3.6% of its portfolio in TSN.
In the next part of this series, we’ll have a look at analysts’ recommendations for Pilgrim’s Pride.
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