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

Shares of Jbs N.V. (NYSE:JBS) have been given a consensus recommendation of “Buy” by the seven brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $19.40.

A number of equities research analysts have recently issued reports on the stock. Santander raised shares of JBS from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 11th. UBS Group raised shares of JBS to a “strong-buy” rating in a research note on Friday, February 6th. Mizuho set a $20.00 price objective on JBS in a research note on Tuesday, October 28th. Weiss Ratings upgraded JBS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Finally, The Goldman Sachs Group set a $18.50 target price on JBS in a research note on Wednesday, November 26th.

Institutional Trading of JBS

Institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC bought a new stake in JBS during the 2nd quarter valued at $29,000. Los Angeles Capital Management LLC purchased a new position in shares of JBS in the fourth quarter valued at about $31,000. Quarry LP bought a new position in shares of JBS during the third quarter valued at about $34,000. Jones Financial Companies Lllp raised its stake in shares of JBS by 489.1% during the third quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock valued at $39,000 after acquiring an additional 2,206 shares during the last quarter. Finally, MAI Capital Management purchased a new stake in shares of JBS during the second quarter worth about $44,000.

JBS Trading Up 2.3%

Shares of JBS opened at $16.51 on Wednesday. JBS has a 1 year low of $12.37 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 stock has a 50 day simple moving average of $15.13 and a two-hundred day simple moving average of $14.62.

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.