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

Shares of Jbs N.V. (NYSE:JBS) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Three 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 target among brokerages that have issued ratings on the stock in the last year is $19.50.

A number of analysts have issued reports on the company. Santander assumed coverage on JBS in a research report on Thursday, August 14th. They issued a “neutral” rating for the company. Stephens reiterated an “overweight” rating and issued a $19.00 price target on shares of JBS in a research report on Friday, August 15th. Wall Street Zen cut JBS from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Zacks Research lowered JBS from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Weiss Ratings lowered JBS from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of JBS. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of JBS in the second quarter worth about $256,000. GAMMA Investing LLC bought a new stake in shares of JBS in the 2nd quarter worth approximately $53,000. Public Employees Retirement System of Ohio purchased a new position in shares of JBS during the 2nd quarter worth approximately $296,000. Kathmere Capital Management LLC purchased a new position in shares of JBS during the 2nd quarter worth approximately $261,000. Finally, Signaturefd LLC purchased a new position in shares of JBS during the 2nd quarter worth approximately $277,000.

JBS Price Performance

NYSE:JBS opened at $13.09 on Thursday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.54 and a quick ratio of 0.76. The stock has a fifty day moving average price of $14.77. JBS has a 1 year low of $12.37 and a 1 year high of $17.80.

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.