JBS (NYSE:JBS) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of JBS (NYSE:JBS) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Weiss Ratings upgraded shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Mizuho upgraded shares of JBS to a “strong-buy” rating in a research report on Friday, April 10th. Barclays boosted their price target on shares of JBS from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. Finally, UBS Group upgraded shares of JBS to a “strong-buy” rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $20.00.

JBS Price Performance

Shares of JBS stock opened at $17.89 on Tuesday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.91 and a current ratio of 1.60. The firm’s 50-day simple moving average is $16.44 and its 200-day simple moving average is $14.92. JBS has a twelve month low of $12.37 and a twelve month high of $18.65. The firm has a market cap of $13.84 billion and a P/E ratio of 12.42.

JBS (NYSE:JBS) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($1.86). The business had revenue of $23.06 billion for the quarter. JBS’s revenue for the quarter was up 15.5% on a year-over-year basis.

JBS Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, May 18th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 18th. JBS’s payout ratio is 69.44%.

Institutional Investors Weigh In On JBS

A number of institutional investors and hedge funds have recently modified their holdings of JBS. EverSource Wealth Advisors LLC bought a new stake in JBS in the second quarter valued at approximately $29,000. Los Angeles Capital Management LLC bought a new stake in JBS in the fourth quarter valued at approximately $31,000. Quarry LP bought a new stake in JBS in the third quarter valued at approximately $34,000. Jones Financial Companies Lllp increased its stake in JBS by 489.1% in the third quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock valued at $39,000 after purchasing an additional 2,206 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in JBS in the third quarter valued at approximately $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.