Jbs N.V. (NYSE:JBS) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Jbs N.V. (NYSE:JBS) has earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $18.50.

Several equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Stephens dropped their target price on shares of JBS from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Monday, August 17th. Weiss Ratings raised shares of JBS from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. UBS Group increased their price target on JBS from $17.00 to $17.50 and gave the stock a “buy” rating in a report on Monday, August 24th. Finally, Barclays lowered their price objective on JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th.

JBS Price Performance

Shares of NYSE:JBS opened at $12.84 on Thursday. The firm has a market cap of $9.96 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 3.30 and a beta of -1.44. The firm’s fifty day moving average is $12.80 and its 200-day moving average is $13.68. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.77 and a current ratio of 1.53. JBS has a 52 week low of $10.61 and a 52 week high of $18.65.

JBS (NYSE:JBS) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.12). The company had revenue of $23.90 billion during the quarter. JBS had a net margin of 1.22% and a return on equity of 12.00%. The firm’s revenue was up 13.8% on a year-over-year basis. Sell-side analysts predict that JBS will post 1.07 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Guilherme Cavalcanti sold 183,501 shares of the firm’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 Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On JBS

A number of institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC increased its stake in shares of JBS by 1.9% in the 2nd quarter. Tidal Investments LLC now owns 45,199 shares of the company’s stock valued at $536,000 after acquiring an additional 840 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in JBS by 5.4% in the first quarter. PNC Financial Services Group Inc. now owns 17,021 shares of the company’s stock valued at $306,000 after purchasing an additional 867 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in JBS by 50.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock valued at $54,000 after purchasing an additional 1,257 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of JBS by 3.2% during the first quarter. Cetera Investment Advisers now owns 42,083 shares of the company’s stock valued at $756,000 after purchasing an additional 1,292 shares during the period. Finally, Parvin Asset Management LLC boosted its position in shares of JBS by 5.8% during the 1st quarter. Parvin Asset Management LLC now owns 29,425 shares of the company’s stock worth $528,000 after purchasing 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.