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

Shares of Jbs N.V. (NYSE:JBS) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $18.9167.

JBS has been the topic of several recent research reports. Mizuho upgraded shares of JBS to a “strong-buy” rating in a research note on Friday, April 10th. JPMorgan Chase & Co. lowered their price objective on shares of JBS from $18.50 to $18.00 and set an “overweight” rating on the stock in a research note on Monday. Zacks Research lowered shares of JBS from a “hold” rating to a “strong sell” rating in a report on Thursday, June 11th. Weiss Ratings lowered shares of JBS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Finally, Barclays reduced their target price on shares of JBS from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, May 14th.

Institutional Investors Weigh In On JBS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBS. EverSource Wealth Advisors LLC purchased a new stake in JBS in the 2nd quarter worth approximately $29,000. Los Angeles Capital Management LLC purchased a new stake in JBS in the 4th quarter worth approximately $31,000. Global Trust Asset Management LLC purchased a new stake in JBS during the 1st quarter valued at approximately $34,000. Quarry LP purchased a new stake in JBS during the 3rd quarter valued at approximately $34,000. Finally, Rockefeller Capital Management L.P. grew its holdings in JBS by 50.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock valued at $54,000 after buying an additional 1,257 shares in the last quarter.

JBS Price Performance

Shares of NYSE:JBS opened at $12.23 on Tuesday. The firm’s 50 day moving average price is $13.81 and its 200-day moving average price is $15.00. JBS has a twelve month low of $11.49 and a twelve month high of $18.65. The company has a quick ratio of 0.77, a current ratio of 1.50 and a debt-to-equity ratio of 2.42. The stock has a market capitalization of $9.49 billion and a PE ratio of 7.69.

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 the consensus estimate of $0.28 by ($0.08). JBS had a return on equity of 19.28% and a net margin of 1.98%.The business had revenue of $21.61 billion during the quarter. The company’s revenue was up 10.7% on a year-over-year basis. Equities research analysts expect that JBS will post 1.45 EPS for the current year.

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.