Jbs N.V. (NYSE:JBS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Jbs N.V. (NYSE:JBS) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $18.4167.

A number of analysts have commented on the stock. UBS Group upped their price objective on shares of JBS from $17.00 to $17.50 and gave the company a “buy” rating in a research note on Monday, August 24th. Wall Street Zen downgraded shares of JBS from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Barclays cut their price target on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. JPMorgan Chase & Co. reduced their price target on shares of JBS from $18.00 to $17.50 and set an “overweight” rating for the company in a research report on Wednesday, August 12th. Finally, Stephens decreased their price objective on shares of JBS from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Monday, August 17th.

Insider Buying and Selling at JBS

In related news, CFO Guilherme Cavalcanti sold 183,501 shares of the company’s 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hedge Funds Weigh In On JBS

Several institutional investors and hedge funds have recently bought and sold shares of the business. Spectrum Strategic Capital Management LLC purchased a new stake in shares of JBS in the fourth quarter worth approximately $1,204,000. Squarepoint Ops LLC purchased a new position in JBS during the second quarter valued at approximately $1,451,000. Hsbc Holdings PLC increased its stake in JBS by 113.6% in the 1st quarter. Hsbc Holdings PLC now owns 189,000 shares of the company’s stock valued at $3,375,000 after buying an additional 100,533 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in JBS by 117.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company’s stock worth $138,072,000 after buying an additional 4,147,304 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of JBS by 159.8% during the 2nd quarter. Wellington Management Group LLP now owns 222,086 shares of the company’s stock valued at $2,632,000 after buying an additional 136,593 shares during the period.

JBS Stock Performance

Shares of NYSE JBS opened at $11.99 on Friday. The stock’s fifty day simple moving average is $13.09 and its 200 day simple moving average is $14.09. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 4.46 and a beta of -1.67. The company has a quick ratio of 0.77, a current ratio of 1.53 and a debt-to-equity ratio of 2.51. JBS has a 52-week low of $11.49 and a 52-week high of $18.65.

JBS (NYSE:JBS) last announced its earnings results on Monday, August 10th. The company reported $0.20 EPS 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%. JBS’s quarterly revenue was up 13.8% compared to the same quarter last year. As a group, sell-side analysts forecast that JBS will post 1.08 earnings per share for the current fiscal year.

JBS Company Profile

JBS SA is a Brazil-based global food company that produces and sells animal-protein and prepared-food products. Its portfolio includes beef, pork, poultry, lamb, plant-based foods and value-added prepared meals, along with leather and other products derived from its processing operations.

Founded in 1953 by José Batista Sobrinho in Anápolis, Brazil, JBS has expanded from a local cattle-processing business into one of the world’s largest protein companies. Its operations and products serve customers in Brazil and international markets across North America, South America, Europe, Asia, Africa and Australia.

JBS markets products under brands that include Friboi, Seara, Swift, Pilgrim’s, Primo and 1855, although brand availability varies by country and product category.