JBS (NYSE:JBS) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of JBS (NYSE:JBS) from a neutral rating to an overweight rating in a research report report published on Tuesday morning, MarketBeat Ratings reports. They currently have $18.00 target price on the stock.

Other analysts have also issued reports about the company. UBS Group set a $17.00 target price on JBS in a research note on Tuesday, May 19th. Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Barclays decreased their price objective on JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Wall Street Zen cut JBS from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings downgraded shares of JBS from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $18.75.

JBS Trading Up 0.4%

Shares of JBS stock opened at $14.29 on Tuesday. The company has a 50 day moving average of $12.34 and a 200-day moving average of $14.70. The company has a quick ratio of 0.77, a current ratio of 1.50 and a debt-to-equity ratio of 2.42. JBS has a 12-month low of $11.49 and a 12-month high of $18.65. The firm has a market cap of $11.09 billion and a P/E ratio of 8.99.

JBS (NYSE:JBS) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). JBS had a net margin of 1.98% and a return on equity of 19.28%. The firm had revenue of $21.61 billion during the quarter. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Sell-side analysts anticipate that JBS will post 1.46 earnings per share for the current year.

Hedge Funds Weigh In On JBS

A number of large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC bought a new stake in shares of JBS during the 2nd quarter valued at $29,000. Los Angeles Capital Management LLC purchased a new stake in JBS during the 4th quarter worth about $31,000. Global Trust Asset Management LLC bought a new position in JBS in the 1st quarter worth about $34,000. Quarry LP purchased a new position in JBS during the 3rd quarter valued at about $34,000. Finally, Rockefeller Capital Management L.P. grew its holdings in JBS by 50.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock valued at $54,000 after buying an additional 1,257 shares in the last quarter.

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.