Analysts Set Jbs N.V. (NYSE:JBS) Target Price at $19.38

Jbs N.V. (NYSE:JBS) has earned a consensus rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $19.3750.

JBS has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of JBS in a report on Monday, December 29th. JPMorgan Chase & Co. dropped their price target on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 14th. The Goldman Sachs Group set a $18.50 price objective on shares of JBS in a research note on Wednesday, November 26th. Mizuho set a $20.00 target price on shares of JBS in a report on Tuesday, October 28th. Finally, Santander raised shares of JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th.

Hedge Funds Weigh In On JBS

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Steadtrust LLC grew its holdings in shares of JBS by 0.5% in the fourth quarter. Steadtrust LLC now owns 173,630 shares of the company’s stock valued at $2,504,000 after acquiring an additional 800 shares in the last quarter. Capital Research Global Investors increased its holdings in JBS by 0.6% during the 3rd quarter. Capital Research Global Investors now owns 145,352 shares of the company’s stock worth $2,186,000 after acquiring an additional 839 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of JBS by 7.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock worth $188,000 after purchasing an additional 908 shares in the last quarter. Farther Finance Advisors LLC raised its position in JBS by 41.9% during the fourth quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock valued at $60,000 after purchasing an additional 1,223 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of JBS by 10.0% during the third quarter. US Bancorp DE now owns 13,497 shares of the company’s stock worth $202,000 after acquiring an additional 1,225 shares in the last quarter.

JBS Stock Down 0.8%

Shares of JBS opened at $15.84 on Friday. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15. JBS has a 52 week low of $12.37 and a 52 week high of $17.80. The business’s fifty day moving average price is $14.67 and its two-hundred day moving average price is $14.37.

About JBS

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.