Peoples Bank OH Takes $183,000 Position in JBS N.V. $JBS

Peoples Bank OH acquired a new stake in shares of JBS N.V. (NYSE:JBS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,500 shares of the company’s stock, valued at approximately $183,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC bought a new position in shares of JBS during the second quarter valued at about $53,000. QRG Capital Management Inc. bought a new position in shares of JBS during the second quarter valued at about $172,000. Greenleaf Trust bought a new position in shares of JBS during the second quarter valued at about $243,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of JBS during the second quarter valued at about $256,000. Finally, Kathmere Capital Management LLC bought a new position in shares of JBS during the second quarter valued at about $261,000.

Analysts Set New Price Targets

Several equities analysts have recently commented on JBS shares. JPMorgan Chase & Co. upped their price objective on shares of JBS from $20.50 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. Zacks Research cut shares of JBS from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Stephens reiterated an “overweight” rating and set a $19.00 price target on shares of JBS in a research report on Friday, August 15th. Wall Street Zen cut shares of JBS from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Santander started coverage on shares of JBS in a research report on Thursday, August 14th. They set a “neutral” rating on the stock. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, JBS currently has an average rating of “Moderate Buy” and an average target price of $20.00.

JBS Stock Performance

Shares of JBS opened at $14.36 on Friday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.76 and a current ratio of 1.54. JBS N.V. has a fifty-two week low of $12.83 and a fifty-two week high of $17.80. The business has a 50-day simple moving average of $15.02.

JBS Profile

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.