JBS (NYSE:JBS) Raised to “Hold” at Wall Street Zen

JBS (NYSE:JBS) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

JBS has been the subject of several other research reports. Mizuho upgraded shares of JBS to a “strong-buy” rating in a research report on Friday, April 10th. Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. UBS Group set a $17.00 price objective on JBS in a research note on Tuesday, May 19th. Weiss Ratings cut JBS from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. raised JBS from a “neutral” rating to an “overweight” rating and set a $18.00 target price for the company in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $18.75.

JBS Stock Down 1.7%

JBS opened at $13.79 on Friday. The company has a fifty day moving average of $12.36 and a two-hundred day moving average of $14.69. The stock has a market capitalization of $10.70 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 0.84 and a beta of -1.66. JBS has a fifty-two week low of $11.49 and a fifty-two week high of $18.65. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 1.50.

JBS (NYSE:JBS) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share 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 business had revenue of $21.61 billion during the quarter. The firm’s revenue was up 10.7% on a year-over-year basis. On average, research analysts expect that JBS will post 1.46 earnings per share for the current year.

Institutional Trading of JBS

Large investors have recently added to or reduced their stakes in the stock. BNDES Participacoes S.A. purchased a new stake in JBS in the fourth quarter valued at $2,874,074,000. Davis Selected Advisers purchased a new position in shares of JBS during the 4th quarter worth $170,945,000. Banco BTG Pactual S.A. acquired a new stake in shares of JBS during the 3rd quarter worth about $143,175,000. Ameriprise Financial Inc. increased its position in shares of JBS by 23,891.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock worth $98,285,000 after purchasing an additional 6,555,634 shares during the last quarter. Finally, State Street Corp purchased a new stake in JBS in the 2nd quarter valued at about $84,109,000.

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.