Longfellow Investment Management Co. LLC Makes New Investment in Jbs N.V. $JBS

Longfellow Investment Management Co. LLC bought a new position in Jbs N.V. (NYSE:JBS) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 103,078 shares of the company’s stock, valued at approximately $1,506,000.

Other large investors have also made changes to their positions in the company. American Century Companies Inc. acquired a new position in JBS in the 2nd quarter worth approximately $4,019,000. Rhumbline Advisers acquired a new stake in JBS during the 2nd quarter valued at $203,000. Legal & General Group Plc purchased a new stake in shares of JBS in the second quarter valued at $19,491,000. MAI Capital Management acquired a new stake in shares of JBS in the second quarter worth $44,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of JBS in the second quarter worth $161,969,000.

JBS Price Performance

JBS stock opened at $13.72 on Monday. The business has a 50 day simple moving average of $13.74. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15. Jbs N.V. has a 12 month low of $12.37 and a 12 month high of $17.80.

JBS (NYSE:JBS) last issued its quarterly earnings data on Friday, November 14th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.74 by ($2.22). The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year.

Analysts Set New Price Targets

Several research analysts recently weighed in on JBS shares. Mizuho set a $20.00 price target on JBS in a research report on Tuesday, October 28th. JPMorgan Chase & Co. reduced their price target on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, October 14th. Santander started coverage on shares of JBS in a research report on Thursday, August 14th. They set a “neutral” rating on the stock. Wall Street Zen lowered shares of JBS from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Finally, Stephens restated an “overweight” rating and set a $19.00 price target on shares of JBS in a report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.67.

JBS Company Profile

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.