JBS (NYSE:JBS) Reaches New 1-Year Low – Here’s Why

Jbs N.V. (NYSE:JBS)’s share price hit a new 52-week low on Monday . The stock traded as low as $11.71 and last traded at $11.6750, with a volume of 1019370 shares. The stock had previously closed at $12.24.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Mizuho upgraded shares of JBS to a “strong-buy” rating in a report on Friday, April 10th. JPMorgan Chase & Co. lowered shares of JBS from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $20.50 to $18.50 in a report on Thursday, May 14th. UBS Group set a $17.00 price objective on shares of JBS in a report on Tuesday, May 19th. Finally, Weiss Ratings lowered shares of JBS from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $19.00.

JBS Stock Performance

The stock has a market cap of $8.95 billion and a PE ratio of 7.24. The company’s 50-day moving average price is $15.62 and its two-hundred day moving average price is $15.26. 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 issued its quarterly earnings data 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). The company had revenue of $21.61 billion for the quarter. JBS had a net margin of 1.98% and a return on equity of 19.28%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. On average, equities research analysts forecast that Jbs N.V. will post 1.45 EPS for the current year.

JBS Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, May 18th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 18th. JBS’s dividend payout ratio is presently 62.89%.

Institutional Investors Weigh In On JBS

A number of hedge funds have recently modified their holdings of the company. BNDES Participacoes S.A. purchased a new position in JBS during the fourth quarter worth about $2,874,074,000. Davis Selected Advisers purchased a new position in JBS in the fourth quarter valued at approximately $170,945,000. Banco BTG Pactual S.A. purchased a new position in shares of JBS during the third quarter worth approximately $143,175,000. Arrowstreet Capital Limited Partnership grew its position in shares of JBS by 117.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company’s stock worth $138,072,000 after acquiring an additional 4,147,304 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in JBS by 23,891.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock valued at $98,285,000 after buying an additional 6,555,634 shares during 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.