Jbs N.V. (NYSE:JBS) Receives Average Rating of “Buy” from Analysts

Jbs N.V. (NYSE:JBS) has been given a consensus rating of “Buy” by the eight analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $18.3333.

Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of JBS from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings cut shares of JBS from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 29th. Wall Street Zen downgraded JBS from a “hold” rating to a “sell” rating in a research note on Saturday. JPMorgan Chase & Co. dropped their target price on JBS from $18.00 to $17.50 and set an “overweight” rating on the stock in a research report on Wednesday, August 12th. Finally, UBS Group set a $17.00 price objective on JBS in a research note on Tuesday, May 19th.

Institutional Trading of JBS

A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in shares of JBS by 5.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 17,021 shares of the company’s stock worth $306,000 after purchasing an additional 867 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of JBS by 7.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock worth $188,000 after purchasing an additional 908 shares during the last quarter. Dodge & Cox grew its stake in JBS by 6.3% in the fourth quarter. Dodge & Cox now owns 16,950 shares of the company’s stock worth $244,000 after purchasing an additional 1,000 shares in the last quarter. Farther Finance Advisors LLC grew its stake in JBS by 41.9% in the fourth quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock worth $60,000 after purchasing an additional 1,223 shares in the last quarter. Finally, US Bancorp DE increased its holdings in JBS by 10.0% in the third quarter. US Bancorp DE now owns 13,497 shares of the company’s stock valued at $202,000 after buying an additional 1,225 shares during the last quarter.

JBS Stock Up 1.9%

Shares of NYSE:JBS opened at $13.70 on Wednesday. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 4.21 and a beta of -1.66. The company has a 50 day moving average of $12.62 and a two-hundred day moving average of $14.56. JBS has a 52-week low of $11.49 and a 52-week high of $18.65. The company has a quick ratio of 0.77, a current ratio of 1.53 and a debt-to-equity ratio of 2.51.

JBS (NYSE:JBS) last posted its earnings results on Monday, August 10th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). The firm had revenue of $23.90 billion for the quarter. JBS had a return on equity of 12.00% and a net margin of 1.22%.The business’s revenue was up 13.8% compared to the same quarter last year. As a group, analysts forecast that JBS will post 1.3 earnings per share for the current fiscal year.

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.