JBS (NYSE:JBS) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of JBS (NYSE:JBS) from a hold rating to a sell rating in a research note released on Saturday.

Other equities analysts have also recently issued research reports about the company. Barclays lowered their price target on JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Mizuho raised JBS to a “strong-buy” rating in a research note on Friday, April 10th. Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings downgraded JBS from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of JBS from $18.50 to $18.00 and set an “overweight” rating for the company in a report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, JBS has an average rating of “Buy” and an average price target of $18.75.

JBS Stock Up 1.4%

Shares of JBS opened at $12.30 on Friday. JBS has a one year low of $11.49 and a one year high of $18.65. The company has a market cap of $9.54 billion and a P/E ratio of 7.73. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.50 and a quick ratio of 0.77. The firm has a 50 day simple moving average of $12.25 and a two-hundred day simple moving average of $14.69.

JBS (NYSE:JBS) last released its earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). The business had revenue of $21.61 billion for the quarter. JBS had a return on equity of 19.28% and a net margin of 1.98%.JBS’s revenue was up 10.7% compared to the same quarter last year. Research analysts forecast that JBS will post 1.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. BNDES Participacoes S.A. bought a new stake in JBS during the 4th quarter worth $2,874,074,000. Davis Selected Advisers acquired a new position in JBS in the 4th quarter worth about $170,945,000. Banco BTG Pactual S.A. bought a new position in JBS in the third quarter valued at about $143,175,000. Arrowstreet Capital Limited Partnership raised its position in JBS by 117.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company’s stock valued at $138,072,000 after purchasing an additional 4,147,304 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of JBS by 23,891.7% during the third quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock valued at $98,285,000 after purchasing an additional 6,555,634 shares in the last quarter.

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.