JBS (NYSE:JBS) Downgraded to Hold Rating by Wall Street Zen

JBS (NYSE:JBS) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other research analysts have also recently issued reports on the company. Stephens reaffirmed an “overweight” rating and set a $19.00 price objective on shares of JBS in a research note on Friday. Santander began coverage on JBS in a research note on Thursday. They set a “neutral” rating on the stock. Finally, BMO Capital Markets began coverage on JBS in a research note on Thursday, June 26th. They issued an “outperform” rating on the stock.

JBS Stock Up 3.1%

Shares of NYSE:JBS opened at $14.32 on Friday. JBS has a 12-month low of $12.83 and a 12-month high of $15.11.

Institutional Trading of JBS

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC bought a new stake in shares of JBS in the second quarter worth about $29,000. MAI Capital Management bought a new stake in shares of JBS in the second quarter worth about $44,000. CWM LLC bought a new stake in shares of JBS in the second quarter worth about $45,000. GAMMA Investing LLC bought a new stake in shares of JBS in the second quarter worth about $53,000. Finally, IFP Advisors Inc bought a new stake in shares of JBS in the second quarter worth about $57,000.

JBS Company Profile

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.