JPMorgan Chase & Co. Lowers JBS (NYSE:JBS) Price Target to $20.00

JBS (NYSE:JBS) had its target price lowered by JPMorgan Chase & Co. from $21.00 to $20.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 56.32% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Santander started coverage on shares of JBS in a research note on Thursday, August 14th. They issued a “neutral” rating for the company. Weiss Ratings cut shares of JBS from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Wall Street Zen cut shares of JBS from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Zacks Research lowered shares of JBS from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, BMO Capital Markets assumed coverage on shares of JBS in a research report on Thursday, June 26th. They set an “outperform” rating for the company. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $19.50.

JBS Trading Up 0.3%

NYSE JBS opened at $12.79 on Tuesday. The business’s 50 day moving average price is $14.90. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.76 and a current ratio of 1.54. JBS has a twelve month low of $12.37 and a twelve month high of $17.80.

Institutional Investors Weigh In On JBS

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in JBS in the second quarter worth $161,969,000. State Street Corp acquired a new stake in JBS in the second quarter worth $84,109,000. Maple Rock Capital Partners Inc. acquired a new stake in JBS in the second quarter worth $32,342,000. Geode Capital Management LLC acquired a new stake in JBS in the second quarter worth $31,092,000. Finally, Dendur Capital LP acquired a new stake in JBS in the second quarter worth $28,051,000.

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.