Pilgrim's Pride Corporation (PPC) Hits Fresh High: Is There Still Room to Run?

Core Viewpoint - Pilgrim's Pride has demonstrated strong performance with consistent positive earnings surprises, reporting an EPS of $0.77 against a consensus estimate of $0.6 in its latest earnings report [1] Performance Metrics - The stock has increased by 9.7% over the past month and has reached a new 52-week high of $40.21, reflecting a 41% gain since the beginning of the year, outperforming the Zacks Consumer Staples sector and the Zacks Food - Meat Products industry [7] Valuation Analysis - Currently, Pilgrim's Pride trades at 9.2X current fiscal year EPS estimates, significantly below the peer industry average of 20.1X. On a trailing cash flow basis, it trades at 11.1X compared to the peer group's average of 8.3X. The stock has a PEG ratio of 0.25, indicating it is not among the top value stocks [5] - The company holds a Value Score of A, along with Growth and Momentum Scores of A, resulting in a combined VGM Score of A [9] Zacks Rank and Style Scores - Pilgrim's Pride has a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts, which positions it well for potential further gains [10] - The stock is recommended for investors with a Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, indicating it has room for growth in the near term [6]