Jbs N.V. (JBS) – What Are Analysts Saying About This Stock?

Jbs N.V. (NYSE:JBS) has received an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.10.

Several research firms have recently weighed in on JBS. Stephens dropped their price objective on shares of JBS from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Zacks Research raised JBS from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. UBS Group increased their price target on JBS from $17.00 to $17.50 and gave the stock a “buy” rating in a research report on Monday, August 24th. JPMorgan Chase & Co. decreased their price target on JBS from $18.00 to $17.50 and set an “overweight” rating on the stock in a research report on Thursday, October 22nd. Finally, Weiss Ratings raised JBS from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 30th.

JBS Trading Up 0.0%

Shares of JBS stock opened at $12.48 on Monday. The stock has a market capitalization of $9.69 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 3.29 and a beta of -1.55. The company has a quick ratio of 0.77, a current ratio of 1.53 and a debt-to-equity ratio of 2.51. The company has a 50-day simple moving average of $12.41 and a 200 day simple moving average of $14.03. JBS has a 12-month low of $10.61 and a 12-month high of $18.65.

JBS (NYSE:JBS) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.12). The firm 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 firm’s quarterly revenue was up 13.8% compared to the same quarter last year. Research analysts expect that JBS will post 1.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Guilherme Cavalcanti sold 183,501 shares of the stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On JBS

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

JBS Company Profile

JBS SA is a global food company focused on processing beef, pork, poultry and lamb. Its products include fresh and frozen meat, prepared and packaged foods, and value-added food products sold under brands such as Swift, Pilgrim’s and Seara. The company also produces ingredients and other products from animal byproducts, including leather and collagen.

Founded in 1953 in Anápolis, Brazil, JBS has grown into an international business with operations across the Americas, Europe, Australia and other markets.