JBS Sees Unusually High Options Volume (NYSE:JBS)

Jbs N.V. (NYSE:JBS) was the target of unusually large options trading on Monday. Stock traders bought 6,899 call options on the stock. This represents an increase of approximately 259% compared to the typical volume of 1,923 call options.

JBS Stock Performance

Shares of JBS stock opened at $13.59 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42. The stock has a 50 day simple moving average of $12.26 and a 200-day simple moving average of $14.69. The company has a market cap of $10.54 billion and a price-to-earnings ratio of 8.54. JBS has a 12-month low of $11.49 and a 12-month high of $18.65.

JBS (NYSE:JBS) last posted its quarterly 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 business had revenue of $21.61 billion during the quarter. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities analysts forecast that JBS will post 1.46 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of JBS from a “hold” rating to a “sell” rating in a research report on Saturday. Mizuho upgraded shares of JBS to a “strong-buy” rating in a research report on Friday, April 10th. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. UBS Group set a $17.00 target price on shares of JBS in a research note on Tuesday, May 19th. Finally, Barclays lowered their target price on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, JBS has an average rating of “Buy” and an average price target of $18.75.

Institutional Investors Weigh In On JBS

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC purchased a new stake in shares of JBS during the 2nd quarter worth $29,000. Los Angeles Capital Management LLC purchased a new position in shares of JBS in the 4th quarter valued at about $31,000. Global Trust Asset Management LLC purchased a new position in shares of JBS in the 1st quarter valued at about $34,000. Quarry LP acquired a new stake in shares of JBS in the third quarter valued at about $34,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of JBS by 50.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock valued at $54,000 after purchasing 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.