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Analyzing Sanderson Farms and Its Peers’ Moving Averages

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Moving averages

As of December 10, 2015, Sanderson Farms closed at $77.15. It trades 10.6%, 9.7%, 7% above its 100-day, 50-day, and 20-day moving averages. The stock rose 5% during the last month. As we mentioned in the last part, the stock started following a rising trend due to positive expectations for chicken prices.

Sanderson Farms’ peers in the industry include Pilgrim’s Pride (PPC), Tyson Foods (TSN), and Hormel Foods (HRL). Pilgrim’s Pride closed at $22.6. This is 9.6% above its 100-day, 13% above its 50-day, 9.8% above its 20-day moving averages. It rose 12% during November, respectively. Tyson Foods closed at $53.41. This is 20.2% above its 100-day, 15.2% above its 50-day, and 11% above its 20-day moving average. It rose 12% last month.

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Hormel closed at $77.03. It’s trading 19.4% above its 100-day, 12.4% above its 50-day, and 7% above its 20-day moving averages. It rose 11% in the last month. The Guggenheim S&P Equal Weight Consumer Staples ETF (RHS) invests 2.6% in Tyson Foods and 2.9% in Hormel Foods, respectively. RHS is trading 4.5%, 3.1%, and 2.7% above its 100-day, 50-day, and 20-day moving averages. It fell 1% during the last month, respectively. It closed at $114.77 on December 10. The Guggenheim S&P 500 Pure Value ETF (RPV) also invests 1.6% in Tyson Foods stock.

Analysts’ estimates

For the next 12-month period, analysts’ estimates indicate upsides of 3.9% for Sanderson Farms, 5.8% for Pilgrim’s Pride, and 2.7% for Tyson Foods from their current level on December 10. Meanwhile, Hormel Foods already beat analysts’ estimates by 4.5% on December 10.

In the next part of the series, we’ll see how the company performed in its last reported quarter. What led to the stock price performance?

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