Jbs N.V. (NYSE:JBS) Receives $18.92 Consensus Price Target from Analysts

Shares of Jbs N.V. (NYSE:JBS) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $18.9167.

JBS has been the topic of several research analyst reports. Weiss Ratings cut JBS from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. JPMorgan Chase & Co. decreased their target price on JBS from $18.50 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Mizuho raised JBS to a “strong-buy” rating in a research note on Friday, April 10th. Barclays dropped their price target on JBS from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Finally, Zacks Research downgraded JBS from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th.

JBS Price Performance

JBS traded up $0.17 during midday trading on Tuesday, hitting $12.30. 1,300,536 shares of the company traded hands, compared to its average volume of 5,886,927. The company has a current ratio of 1.50, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42. The company has a market capitalization of $9.55 billion and a price-to-earnings ratio of 7.75. JBS has a 52-week low of $11.49 and a 52-week high of $18.65. The business has a 50 day simple moving average of $13.27 and a two-hundred day simple moving average of $14.93.

JBS (NYSE:JBS) last released its earnings results on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). JBS had a return on equity of 19.28% and a net margin of 1.98%.The company had revenue of $21.61 billion for the quarter. JBS’s revenue was up 10.7% on a year-over-year basis. On average, equities analysts forecast that JBS will post 1.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JBS

A number of large investors have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in JBS by 34.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 455,300 shares of the company’s stock worth $6,456,000 after acquiring an additional 117,500 shares during the period. Spectrum Strategic Capital Management LLC purchased a new stake in JBS in the fourth quarter valued at $1,204,000. APG Asset Management N.V. acquired a new position in shares of JBS in the 3rd quarter valued at $2,013,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of JBS by 714.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 442,794 shares of the company’s stock valued at $6,385,000 after purchasing an additional 388,460 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in shares of JBS during the 3rd quarter worth $1,183,000.

JBS Company Profile

JBS SA is a global leader in the production and processing of meat products, with a focus on beef, pork and poultry. Headquartered in São Paulo, Brazil, the company operates through an extensive network of owned facilities and partnerships that span the Americas, Europe and the Asia-Pacific region. JBS supplies fresh, frozen and value-added protein solutions for retail, foodservice and industrial customers, and is active across the entire supply chain—from livestock procurement and feed production to slaughtering, processing, packaging and distribution.

Founded in 1953 by José Batista Sobrinho in Anápolis, Goiás, JBS began as a small slaughterhouse and expanded rapidly through strategic acquisitions and organic growth.