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

Jbs N.V. (NYSE:JBS) has earned an average recommendation of “Buy” from the nine research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $19.00.

A number of equities analysts recently commented on the company. UBS Group set a $17.00 price objective on JBS in a research report on Tuesday, May 19th. Weiss Ratings downgraded JBS from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. JPMorgan Chase & Co. downgraded JBS from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $20.50 to $18.50 in a research report on Thursday, May 14th. Barclays reduced their price objective on JBS from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Finally, Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th.

JBS Stock Performance

NYSE JBS opened at $12.24 on Friday. The company has a market cap of $9.49 billion and a PE ratio of 7.70. The stock’s 50 day simple moving average is $15.69 and its 200-day simple moving average is $15.27. JBS has a 1-year low of $11.79 and a 1-year high of $18.65. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.50 and a quick ratio of 0.77.

JBS (NYSE:JBS) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). JBS had a return on equity of 19.28% and a net margin of 1.98%.The company had revenue of $21.61 billion for the quarter. The company’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts anticipate that JBS will post 1.45 EPS for the current fiscal year.

JBS Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, May 18th will be given a dividend of $1.00 per share. The ex-dividend date is Monday, May 18th. JBS’s dividend payout ratio (DPR) is presently 62.89%.

Institutional Investors Weigh In On JBS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBS. BNDES Participacoes S.A. acquired a new stake in JBS during the fourth quarter worth $2,874,074,000. Davis Selected Advisers acquired a new stake in JBS during the fourth quarter worth $170,945,000. Banco BTG Pactual S.A. acquired a new stake in JBS during the third quarter worth $143,175,000. Ameriprise Financial Inc. increased its stake in JBS by 23,891.7% during the third quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock worth $98,285,000 after acquiring an additional 6,555,634 shares during the last quarter. Finally, State Street Corp acquired a new stake in JBS during the second quarter worth $84,109,000.

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.