Tabor Asset Management LP Takes $1.30 Million Position in Jbs N.V. $JBS

Tabor Asset Management LP bought a new stake in shares of Jbs N.V. (NYSE:JBS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 87,137 shares of the company’s stock, valued at approximately $1,301,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. bought a new position in JBS during the second quarter valued at approximately $1,357,000. Bank of Montreal Can acquired a new position in shares of JBS in the 2nd quarter worth approximately $2,927,000. Quinn Opportunity Partners LLC acquired a new stake in shares of JBS during the second quarter worth approximately $146,000. PNC Financial Services Group Inc. acquired a new stake in JBS in the 2nd quarter valued at about $227,000. Finally, Geode Capital Management LLC acquired a new stake in JBS in the second quarter worth about $31,092,000.

Analysts Set New Price Targets

Several analysts have commented on JBS shares. UBS Group upgraded shares of JBS to a “strong-buy” rating in a report on Friday, February 6th. Santander raised JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. Weiss Ratings raised shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Zacks Research lowered shares of JBS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, The Goldman Sachs Group set a $18.50 price objective on JBS in a report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $19.40.

JBS Trading Up 0.7%

Shares of NYSE:JBS opened at $15.63 on Tuesday. The company has a 50-day moving average price of $15.45 and a two-hundred day moving average price of $14.72. Jbs N.V. has a twelve month low of $12.37 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.

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.