Jbs N.V. (NYSE:JBS) Given Average Recommendation of “Buy” by Brokerages

Jbs N.V. (NYSE:JBS) has been given a consensus recommendation of “Buy” by the seven ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $19.40.

A number of research firms recently issued reports on JBS. UBS Group upgraded JBS to a “strong-buy” rating in a research note on Friday, February 6th. Zacks Research cut JBS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Weiss Ratings raised JBS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Santander upgraded shares of JBS from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 11th. Finally, The Goldman Sachs Group set a $18.50 target price on shares of JBS in a report on Wednesday, November 26th.

JBS Price Performance

JBS stock opened at $14.22 on Friday. JBS has a fifty-two week low of $12.37 and a fifty-two week high of $17.80. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.54 and a quick ratio of 0.76. The stock has a 50-day simple moving average of $15.64 and a 200-day simple moving average of $14.67.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC purchased a new stake in shares of JBS in the second quarter valued at about $29,000. Los Angeles Capital Management LLC purchased a new position in shares of JBS during the fourth quarter worth about $31,000. Quarry LP acquired a new position in JBS in the 3rd quarter valued at about $34,000. Jones Financial Companies Lllp raised its stake in JBS by 489.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock valued at $39,000 after acquiring an additional 2,206 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in JBS during the 3rd quarter valued at approximately $44,000.

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.