Brokerages Set Jbs N.V. (NYSE:JBS) Target Price at $20.00

Shares of Jbs N.V. (NYSE:JBS) have earned a consensus recommendation of “Buy” from the nine analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $20.00.

A number of equities analysts have issued reports on the stock. Mizuho raised shares of JBS to a “strong-buy” rating in a research note on Friday, April 10th. Zacks Research cut shares of JBS from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. UBS Group raised shares of JBS to a “strong-buy” rating in a research note on Friday, February 6th. Barclays raised their price objective on shares of JBS from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. Finally, Weiss Ratings raised shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th.

JBS Stock Performance

Shares of JBS stock opened at $17.71 on Thursday. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.60 and a quick ratio of 0.91. The firm has a market cap of $13.70 billion and a P/E ratio of 12.30. The firm has a 50 day simple moving average of $16.47 and a 200 day simple moving average of $14.94. JBS has a fifty-two week low of $12.37 and a fifty-two week high of $18.65.

JBS (NYSE:JBS) last issued its quarterly earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($1.86). The company had revenue of $23.06 billion for the quarter. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year.

JBS Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, May 18th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, May 18th.

Hedge Funds Weigh In On JBS

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNDES Participacoes S.A. bought a new stake in JBS in the fourth quarter valued at approximately $2,874,074,000. Davis Selected Advisers bought a new position in shares of JBS during the fourth quarter worth $170,945,000. Banco BTG Pactual S.A. bought a new position in shares of JBS during the third quarter worth $143,175,000. Ameriprise Financial Inc. boosted its position in shares of JBS by 23,891.7% during the third quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock worth $98,285,000 after purchasing an additional 6,555,634 shares in the last quarter. Finally, State Street Corp boosted its position in shares of JBS by 5.6% during the fourth quarter. State Street Corp now owns 6,138,536 shares of the company’s stock worth $88,518,000 after purchasing an additional 327,364 shares in the last quarter.

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.