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

Shares of Jbs N.V. (NYSE:JBS) have earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $19.40.

JBS has been the topic of several recent analyst reports. The Goldman Sachs Group set a $18.50 target price on JBS in a report on Wednesday, November 26th. Santander raised JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. Zacks Research downgraded JBS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. UBS Group upgraded JBS to a “strong-buy” rating in a report on Friday, February 6th. Finally, Weiss Ratings upgraded JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th.

Institutional Trading of JBS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JBS. BNDES Participacoes S.A. acquired a new position in shares of JBS in the 4th quarter valued at $2,874,074,000. Davis Selected Advisers acquired a new stake in JBS during the 4th quarter worth $170,945,000. JPMorgan Chase & Co. acquired a new stake in JBS during the 2nd quarter worth $161,969,000. Banco BTG Pactual S.A. purchased a new stake in JBS in the third quarter valued at $143,175,000. Finally, Ameriprise Financial Inc. lifted its position in JBS by 23,891.7% in the third quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock valued at $98,285,000 after acquiring an additional 6,555,634 shares during the last quarter.

JBS Price Performance

JBS stock opened at $14.22 on Friday. The company has a fifty day simple moving average of $15.64 and a 200-day simple moving average of $14.67. JBS has a 12-month low of $12.37 and a 12-month 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.

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.