Jbs N.V. (JBS) – What Are Brokerages Saying About This Stock?

Jbs N.V. (NYSE:JBS) has received a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $18.10.

A number of equities research analysts have commented on JBS shares. Wall Street Zen downgraded shares of JBS from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. UBS Group boosted their price objective on shares of JBS from $17.00 to $17.50 and gave the stock a “buy” rating in a research note on Monday, August 24th. Stephens reduced their price target on shares of JBS from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Weiss Ratings upgraded JBS from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 30th. Finally, Barclays dropped their target price on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th.

Insiders Place Their Bets

In other JBS news, CFO Guilherme Cavalcanti sold 183,501 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $13.85, for a total transaction of $2,541,488.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Aberdeen Group plc grew its position in JBS by 242.5% during the third quarter. Aberdeen Group plc now owns 78,549 shares of the company’s stock worth $887,000 after buying an additional 55,612 shares in the last quarter. Private Advisory Group LLC raised its holdings in JBS by 25.9% in the 3rd quarter. Private Advisory Group LLC now owns 942,122 shares of the company’s stock valued at $10,637,000 after acquiring an additional 193,845 shares during the last quarter. R Squared Ltd boosted its stake in shares of JBS by 20.4% in the 3rd quarter. R Squared Ltd now owns 13,375 shares of the company’s stock valued at $151,000 after buying an additional 2,263 shares during the period. Keybank National Association OH grew its stake in shares of JBS by 10.2% in the 3rd quarter. Keybank National Association OH now owns 50,118 shares of the company’s stock valued at $566,000 after purchasing an additional 4,657 shares during the last quarter. Finally, Ethic Inc. raised its position in shares of JBS by 374.4% during the 3rd quarter. Ethic Inc. now owns 87,806 shares of the company’s stock worth $991,000 after purchasing an additional 69,296 shares during the last quarter.

JBS Stock Down 2.5%

JBS stock opened at $12.48 on Monday. The firm has a market capitalization of $9.69 billion, a PE ratio of 12.20, a P/E/G ratio of 3.28 and a beta of -1.54. The company’s 50 day simple moving average is $12.41 and its 200-day simple moving average is $14.03. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.53 and a quick ratio of 0.77. JBS has a 12 month low of $10.61 and a 12 month high of $18.65.

JBS (NYSE:JBS) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). The business had revenue of $23.90 billion during the quarter. JBS had a return on equity of 12.00% and a net margin of 1.22%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. Equities analysts expect that JBS will post 1.03 earnings per share for the current fiscal year.

About JBS

JBS SA is a Brazil-based global food company engaged primarily in the processing and marketing of animal protein. Its operations include beef, pork, poultry and prepared foods, with products sold through retail, foodservice and industrial channels.

The company offers fresh and frozen meats, processed and ready-to-eat foods, and branded products marketed under names that include JBS, Swift, Friboi, Seara and Pilgrim’s. JBS also has businesses involved in leather, collagen, animal by-products and other food-related products, supporting an integrated approach to the protein supply chain.

Founded in 1953 by José Batista Sobrinho in Anápolis, Brazil, JBS has expanded from a local beef processor into an international food company.