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

Shares of Jbs N.V. (NYSE:JBS) have earned an average rating of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $20.00.

JBS has been the topic of a number of recent research reports. BMO Capital Markets assumed coverage on shares of JBS in a research note on Thursday, June 26th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. boosted their price target on JBS from $20.50 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. Wall Street Zen lowered JBS from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Santander assumed coverage on JBS in a research note on Thursday, August 14th. They issued a “neutral” rating for the company. Finally, Stephens reiterated an “overweight” rating and issued a $19.00 price objective on shares of JBS in a research report on Friday, August 15th.

JBS Price Performance

NYSE:JBS opened at $14.61 on Friday. JBS has a 1-year low of $12.83 and a 1-year high of $17.80. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15. The firm has a 50 day moving average price of $14.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC acquired a new stake in shares of JBS during the second quarter worth about $29,000. MAI Capital Management acquired a new stake in JBS during the second quarter valued at approximately $44,000. CWM LLC purchased a new stake in JBS in the 2nd quarter worth approximately $45,000. GAMMA Investing LLC acquired a new position in JBS in the 2nd quarter valued at $53,000. Finally, IFP Advisors Inc bought a new position in shares of JBS during the 2nd quarter worth about $57,000.

About JBS

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.