Barclays Issues Pessimistic Forecast for JBS (NYSE:JBS) Stock Price

JBS (NYSE:JBS) had its target price reduced by Barclays from $21.00 to $20.00 in a report released on Thursday, MarketBeat reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 67.60% from the stock’s current price.

JBS has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered their price target on shares of JBS from $18.50 to $18.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Mizuho raised JBS to a “strong-buy” rating in a research report on Friday, April 10th. UBS Group set a $17.00 target price on JBS in a research note on Tuesday, May 19th. Zacks Research raised JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Weiss Ratings downgraded JBS from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $18.75.

JBS Stock Performance

NYSE JBS opened at $11.93 on Thursday. The company has a market capitalization of $9.26 billion and a PE ratio of 7.51. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 1.50. JBS has a 52-week low of $11.49 and a 52-week high of $18.65. The company has a 50-day simple moving average of $12.50 and a 200 day simple moving average of $14.77.

JBS (NYSE:JBS) last released its earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). JBS had a net margin of 1.98% and a return on equity of 19.28%. The company had revenue of $21.61 billion during the quarter. The business’s revenue was up 10.7% compared to the same quarter last year. On average, research analysts predict that JBS will post 1.45 EPS for the current year.

Institutional Investors Weigh In On JBS

Several institutional investors have recently made changes to their positions in JBS. Steadtrust LLC grew its position in shares of JBS by 8.2% in the second quarter. Steadtrust LLC now owns 191,130 shares of the company’s stock valued at $2,265,000 after purchasing an additional 14,500 shares in the last quarter. Atlas Brown Inc. purchased a new stake in JBS during the 2nd quarter worth about $118,000. FNY Investment Advisers LLC boosted its stake in JBS by 36.8% in the 2nd quarter. FNY Investment Advisers LLC now owns 17,790 shares of the company’s stock worth $210,000 after purchasing an additional 4,790 shares during the period. Assenagon Asset Management S.A. purchased a new position in JBS during the 2nd quarter valued at about $21,866,000. Finally, Confluence Investment Management LLC grew its holdings in JBS by 17.3% during the 2nd quarter. Confluence Investment Management LLC now owns 19,326 shares of the company’s stock valued at $229,000 after buying an additional 2,845 shares in the last quarter.

About JBS

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.