Jbs N.V. (NYSE:JBS) Given Average Rating of “Buy” by Analysts

Jbs N.V. (NYSE:JBS) has received a consensus recommendation of “Buy” from the nine brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $20.00.

A number of research firms have commented on JBS. Zacks Research cut shares of JBS from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. UBS Group upgraded shares of JBS to a “strong-buy” rating in a report on Friday, February 6th. Weiss Ratings upgraded shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Mizuho upgraded shares of JBS to a “strong-buy” rating in a report on Friday, April 10th. Finally, Barclays raised their price target on shares of JBS from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, March 27th.

JBS Trading Down 1.4%

NYSE:JBS opened at $17.46 on Thursday. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 2.28. The stock has a market capitalization of $13.51 billion and a price-to-earnings ratio of 12.13. The firm has a fifty day simple moving average of $16.56 and a two-hundred day simple moving average of $15.00. JBS has a 12 month low of $12.37 and a 12 month high of $18.65.

JBS (NYSE:JBS) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($1.86). The business had revenue of $23.06 billion for the quarter. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. Analysts expect that JBS will post 1.76 EPS for the current fiscal year.

JBS Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, May 18th will be issued a dividend of $1.00 per share. The ex-dividend date is Monday, May 18th. JBS’s dividend payout ratio (DPR) is currently 69.44%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Steadtrust LLC grew its holdings in shares of JBS by 0.5% during the fourth quarter. Steadtrust LLC now owns 173,630 shares of the company’s stock valued at $2,504,000 after buying an additional 800 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of JBS by 0.6% during the third quarter. Capital Research Global Investors now owns 145,352 shares of the company’s stock valued at $2,186,000 after buying an additional 839 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of JBS by 7.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock valued at $188,000 after buying an additional 908 shares during the last quarter. Dodge & Cox grew its holdings in shares of JBS by 6.3% during the fourth quarter. Dodge & Cox now owns 16,950 shares of the company’s stock valued at $244,000 after buying an additional 1,000 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of JBS by 41.9% during the fourth quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock valued at $60,000 after buying an additional 1,223 shares during 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.