JBS (NYSE:JBS) Shares Gap Up – Time to Buy?

Shares of Jbs N.V. (NYSE:JBS) gapped up prior to trading on Wednesday. The stock had previously closed at $12.02, but opened at $12.32. JBS shares last traded at $12.3480, with a volume of 811,757 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Stephens cut their price objective on JBS from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Wall Street Zen downgraded JBS from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Zacks Research raised JBS from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. cut their price target on JBS from $18.00 to $17.50 and set an “overweight” rating for the company in a report on Wednesday, August 12th. Finally, Weiss Ratings raised JBS from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.42.

JBS Trading Up 4.2%

The stock has a market cap of $9.90 billion, a PE ratio of 12.50, a PEG ratio of 3.08 and a beta of -1.44. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.77 and a current ratio of 1.53. The stock has a fifty day moving average price of $12.84 and a 200 day moving average price of $13.72.

JBS (NYSE:JBS) last released 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 for the quarter. JBS had a net margin of 1.22% and a return on equity of 12.00%. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. Equities analysts expect that Jbs N.V. will post 1.08 EPS for the current year.

Insider Activity

In related news, CFO Guilherme Cavalcanti sold 183,501 shares of JBS stock in a transaction dated Monday, August 24th. The shares were 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 can be accessed through this link.

Institutional Trading of JBS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JBS. Tidal Investments LLC lifted its stake in JBS by 1.9% in the second quarter. Tidal Investments LLC now owns 45,199 shares of the company’s stock worth $536,000 after purchasing an additional 840 shares during the last quarter. IPG Investment Advisors LLC grew its stake in shares of JBS by 71.3% during the second quarter. IPG Investment Advisors LLC now owns 206,900 shares of the company’s stock valued at $2,452,000 after buying an additional 86,100 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of JBS in the second quarter worth approximately $1,451,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of JBS in the second quarter worth approximately $609,000. Finally, A. D. Beadell Investment Counsel Inc. bought a new stake in shares of JBS during the 2nd quarter worth approximately $283,000.

JBS Company Profile

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.