Jbs N.V. (NYSE:JBS) Receives $18.75 Average Price Target from Brokerages

Shares of Jbs N.V. (NYSE:JBS) have been given an average recommendation of “Buy” by the eight analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $18.75.

A number of equities research analysts have recently commented on the stock. Mizuho upgraded shares of JBS to a “strong-buy” rating in a report on Friday, April 10th. UBS Group set a $17.00 price objective on shares of JBS in a research note on Tuesday, May 19th. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Wall Street Zen cut shares of JBS from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings downgraded JBS from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th.

JBS Stock Up 10.6%

JBS opened at $13.59 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.50 and a debt-to-equity ratio of 2.42. The firm has a market cap of $10.54 billion and a P/E ratio of 8.54. JBS has a 52 week low of $11.49 and a 52 week high of $18.65. The business’s fifty day simple moving average is $12.26 and its 200 day simple moving average is $14.69.

JBS (NYSE:JBS) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The company had revenue of $21.61 billion for the quarter. JBS had a return on equity of 19.28% and a net margin of 1.98%.JBS’s revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts anticipate that JBS will post 1.46 EPS for the current fiscal year.

Institutional Investors Weigh In On JBS

A number of hedge funds and other institutional investors have recently made changes to their positions in JBS. EverSource Wealth Advisors LLC acquired a new position in JBS in the second quarter valued at $29,000. Los Angeles Capital Management LLC acquired a new stake in JBS in the 4th quarter worth about $31,000. Global Trust Asset Management LLC acquired a new stake in JBS in the 1st quarter worth about $34,000. Quarry LP purchased a new stake in JBS in the 3rd quarter valued at about $34,000. Finally, Rockefeller Capital Management L.P. grew its holdings in JBS by 50.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock valued at $54,000 after buying an additional 1,257 shares during the period.

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.