JBS (NYSE:JBS) Hits New 1-Year Low – Here’s What Happened

Jbs N.V. (NYSE:JBS)’s share price reached a new 52-week low during trading on Thursday. The stock traded as low as $11.05 and last traded at $10.9530, with a volume of 358508 shares changing hands. The stock had previously closed at $11.29.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JBS. UBS Group increased their target price on JBS from $17.00 to $17.50 and gave the stock a “buy” rating in a research report on Monday, August 24th. Weiss Ratings upgraded JBS from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, September 18th. JPMorgan Chase & Co. dropped their price objective on shares of JBS from $18.00 to $17.50 and set an “overweight” rating for the company in a research note on Wednesday, August 12th. Wall Street Zen lowered shares of JBS from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Zacks Research raised shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, JBS has a consensus rating of “Moderate Buy” and a consensus price target of $18.42.

JBS Trading Down 3.8%

The company has a debt-to-equity ratio of 2.51, a current ratio of 1.53 and a quick ratio of 0.77. The business’s 50-day simple moving average is $13.02 and its two-hundred day simple moving average is $13.84. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 4.24 and a beta of -1.67.

JBS (NYSE:JBS) last released its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.12). JBS had a return on equity of 12.00% and a net margin of 1.22%.The business had revenue of $23.90 billion during the quarter. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, research analysts anticipate that Jbs N.V. will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other JBS news, CFO Guilherme Cavalcanti sold 183,501 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $13.85, for a total value of $2,541,488.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On JBS

Institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC grew its stake in shares of JBS by 1.9% in the second quarter. Tidal Investments LLC now owns 45,199 shares of the company’s stock valued at $536,000 after buying an additional 840 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in JBS by 5.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 17,021 shares of the company’s stock worth $306,000 after acquiring an additional 867 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in JBS by 50.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock worth $54,000 after acquiring an additional 1,257 shares during the period. Cetera Investment Advisers boosted its holdings in JBS by 3.2% in the 1st quarter. Cetera Investment Advisers now owns 42,083 shares of the company’s stock worth $756,000 after acquiring an additional 1,292 shares during the period. Finally, Parvin Asset Management LLC grew its position in JBS by 5.8% in the first quarter. Parvin Asset Management LLC now owns 29,425 shares of the company’s stock valued at $528,000 after acquiring an additional 1,625 shares in the last quarter.

About JBS

JBS SA is a Brazil-based food company focused on the processing and production of animal protein and prepared foods. Its operations include beef, pork, poultry, and lamb processing, as well as the manufacture of value-added products such as frozen and prepared meals, bacon, sausages, deli meats, and other convenience foods. The company also produces leather and other related byproducts.

Founded in 1953 by José Batista Sobrinho in Anápolis, Brazil, JBS has grown from a local cattle-slaughtering business into a multinational food company.