Analysts Set Jbs N.V. (NYSE:JBS) PT at $19.40

Shares of Jbs N.V. (NYSE:JBS) have been given an average rating of “Buy” by the seven brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $19.40.

A number of brokerages have recently issued reports on JBS. Santander upgraded JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. Zacks Research downgraded shares of JBS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Weiss Ratings raised shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. UBS Group raised shares of JBS to a “strong-buy” rating in a research report on Friday, February 6th. Finally, The Goldman Sachs Group set a $18.50 price target on JBS in a report on Wednesday, November 26th.

JBS Price Performance

Shares of NYSE:JBS opened at $16.88 on Wednesday. The business has a 50-day moving average of $15.27 and a two-hundred day moving average of $14.67. 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 has a 12 month low of $12.37 and a 12 month high of $17.80.

Institutional Investors Weigh In On JBS

Hedge funds have recently modified their holdings of the stock. Alpine Global Management LLC boosted its holdings in JBS by 47.1% in the 4th quarter. Alpine Global Management LLC now owns 125,000 shares of the company’s stock worth $1,802,000 after acquiring an additional 40,000 shares during the period. Larch Capital Partners LLC acquired a new position in shares of JBS during the fourth quarter worth $1,028,000. Alberta Investment Management Corp boosted its stake in shares of JBS by 9.2% in the fourth quarter. Alberta Investment Management Corp now owns 4,622,500 shares of the company’s stock valued at $66,656,000 after purchasing an additional 388,200 shares during the period. NewEdge Advisors LLC grew its holdings in JBS by 10.7% during the 4th quarter. NewEdge Advisors LLC now owns 68,645 shares of the company’s stock valued at $990,000 after purchasing an additional 6,645 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in JBS during the 4th quarter worth $982,000.

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.