JPMorgan Chase & Co. Boosts JBS (NYSE:JBS) Price Target to $20.50

JBS (NYSE:JBS) had its target price lifted by stock analysts at JPMorgan Chase & Co. from $20.00 to $20.50 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 23.38% from the stock’s current price.

JBS has been the subject of a number of other reports. Mizuho raised shares of JBS to a “strong-buy” rating in a research note on Friday, April 10th. Weiss Ratings raised shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Barclays increased their price target on shares of JBS from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, March 27th. UBS Group raised shares of JBS to a “strong-buy” rating in a research note on Friday, February 6th. Finally, Zacks Research downgraded shares of JBS from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $20.08.

JBS Price Performance

JBS stock opened at $16.62 on Friday. JBS has a 1 year low of $12.37 and a 1 year high of $18.65. The company has a market cap of $12.85 billion and a P/E ratio of 11.54. The firm has a 50-day moving average of $16.59 and a 200 day moving average of $15.05. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.60 and a quick ratio of 0.91.

JBS (NYSE:JBS) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) 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 quarterly revenue was up 15.5% compared to the same quarter last year. On average, sell-side analysts forecast that JBS will post 1.76 EPS for the current year.

Institutional Investors Weigh In On JBS

A number of institutional investors have recently made changes to their positions in the company. Steadtrust LLC grew its holdings in shares of JBS by 0.5% during the fourth quarter. Steadtrust LLC now owns 173,630 shares of the company’s stock valued at $2,504,000 after buying an additional 800 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of JBS by 0.6% during the third quarter. Capital Research Global Investors now owns 145,352 shares of the company’s stock valued at $2,186,000 after buying an additional 839 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of JBS by 7.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock valued at $188,000 after buying an additional 908 shares during the last quarter. Dodge & Cox grew its holdings in shares of JBS by 6.3% during the fourth quarter. Dodge & Cox now owns 16,950 shares of the company’s stock valued at $244,000 after buying an additional 1,000 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of JBS by 41.9% during the fourth quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock valued at $60,000 after buying an additional 1,223 shares during 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.