Brokerages Set Jbs N.V. (NYSE:JBS) PT at $19.38

Jbs N.V. (NYSE:JBS) has been assigned a consensus rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $19.3750.

JBS has been the topic of a number of research reports. The Goldman Sachs Group set a $18.50 target price on shares of JBS in a research report on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of JBS in a report on Monday, December 29th. Mizuho set a $20.00 price objective on shares of JBS in a research report on Tuesday, October 28th. Santander upgraded shares of JBS from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 11th. Finally, Zacks Research upgraded JBS from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th.

JBS Price Performance

Shares of NYSE JBS opened at $15.72 on Friday. JBS has a 12 month low of $12.37 and a 12 month high of $17.80. The business’s 50 day moving average is $14.62 and its two-hundred day moving average is $14.34. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new stake in JBS during the second quarter worth $29,000. Quarry LP bought a new position in shares of JBS during the 3rd quarter worth about $34,000. Jones Financial Companies Lllp lifted its holdings in shares of JBS by 489.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock worth $39,000 after acquiring an additional 2,206 shares during the period. MAI Capital Management acquired a new stake in shares of JBS during the 2nd quarter valued at about $44,000. Finally, Farther Finance Advisors LLC bought a new stake in JBS in the third quarter valued at about $44,000.

JBS Company Profile

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.