(HOGS) Zhongpin – Shares are currently trading at good valuations with a P/E ratio of 10.7

December 30th, 2008

Zhongpin, Inc. (HOGS) continue to shows excellent growth rates as analysts upwardly revise their estimates. Shares are trading hands at an incredible value.

Company Description

ZHONGPIN INC. is a U.S. publicly traded meat and food processing company that specializes in pork and pork products, and vegetable and fruits in the Peoples Republic of China. The Company is developing a nationally recognized high quality brand for meats and food products that encompasses a meaningful part of the everyday Chinese meals.

Zhongpin’s products include bacon and sausage for breakfast, sandwich meats for lunch, and fresh or chilled pork for dinner.

Estimates Rising

Full-year consensus estimates have been climbing in recent months and are now $1.19 for 2008 and $1.49 for 2009. Growth rates projected by these forecasts are 32% and 25%, respectively.

Shares are currently trading at good valuations with a P/E ratio of 10.7 times earnings.

Earnings Momentum

Zhongpin has reported 3consecutive earnings surprises. The company has beat Wall Street’s estimates by roughly 13% per announcement.

Content Courtesy: Zacks Investment Research

#1 Ranked Stocks Highlight Archive
To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions.


Similar Posts: | | | Consumer Goods | Meat Products

RSS feeds: HOGS | VitalStocks | Zhongpin | Consumer Goods | Meat Products |

Other Posts by Shawn | RSS Feed for this author

Post a Response

You must be logged in to post a comment.