Brokerages Set Jbs N.V. (NYSE:JBS) Target Price at $20.00

Shares of Jbs N.V. (NYSE:JBS) have been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $20.00.

A number of equities analysts recently weighed in on the stock. Zacks Research downgraded shares of JBS from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Santander assumed coverage on shares of JBS in a research note on Thursday, August 14th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. upped their target price on shares of JBS from $20.50 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, September 3rd. Wall Street Zen cut JBS from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Finally, BMO Capital Markets began coverage on JBS in a research report on Thursday, June 26th. They set an “outperform” rating on the stock.

JBS Stock Down 2.3%

NYSE:JBS opened at $14.36 on Friday. JBS has a twelve month low of $12.83 and a twelve month high of $17.80. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15. The business’s 50 day moving average is $15.02.

Institutional Investors Weigh In On JBS

Several hedge funds have recently added to or reduced their stakes in JBS. EverSource Wealth Advisors LLC bought a new position in JBS during the second quarter worth $29,000. MAI Capital Management acquired a new stake in shares of JBS during the 2nd quarter worth about $44,000. CWM LLC acquired a new stake in shares of JBS during the 2nd quarter worth about $45,000. GAMMA Investing LLC bought a new stake in shares of JBS during the 2nd quarter worth about $53,000. Finally, IFP Advisors Inc acquired a new position in JBS in the 2nd quarter valued at about $57,000.

About JBS

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.