Jbs N.V. (NYSE:JBS) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Jbs N.V. (NYSE:JBS) have received a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $18.75.

Several research analysts have weighed in on JBS shares. Mizuho upgraded JBS to a “strong-buy” rating in a research report on Friday, April 10th. Weiss Ratings cut shares of JBS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. decreased their price target on shares of JBS from $18.50 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Barclays lowered their price target on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Finally, Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th.

JBS Price Performance

Shares of NYSE JBS opened at $12.30 on Friday. The firm has a market cap of $9.54 billion and a P/E ratio of 7.73. The company has a current ratio of 1.50, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42. JBS has a 1-year low of $11.49 and a 1-year high of $18.65. The business’s 50 day moving average is $12.25 and its 200-day moving average is $14.69.

JBS (NYSE:JBS) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). The firm had revenue of $21.61 billion for the quarter. JBS had a return on equity of 19.28% and a net margin of 1.98%.The firm’s revenue was up 10.7% compared to the same quarter last year. Equities research analysts predict that JBS will post 1.45 earnings per share for the current year.

Institutional Investors Weigh In On JBS

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers bought a new stake in shares of JBS in the second quarter valued at approximately $203,000. Arrowstreet Capital Limited Partnership bought a new position in JBS during the 2nd quarter worth $5,490,000. EverSource Wealth Advisors LLC bought a new position in JBS during the 2nd quarter worth $29,000. First Trust Advisors LP acquired a new position in JBS in the 2nd quarter valued at $1,419,000. Finally, Marshall Wace LLP acquired a new position in JBS in the 2nd quarter valued at $5,206,000.

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.