JBS (NYSE:JBS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of JBS (NYSE:JBS) from a sell rating to a hold rating in a report issued on Sunday.

Several other research analysts have also commented on the company. Zacks Research raised JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Barclays lowered their target price 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. Mizuho raised shares of JBS to a “strong-buy” rating in a report on Friday, April 10th. JPMorgan Chase & Co. upgraded shares of JBS from a “neutral” rating to an “overweight” rating and set a $18.00 price target for the company in a research report on Tuesday, July 28th. Finally, UBS Group set a $17.00 price objective on shares of JBS in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $18.75.

JBS Stock Performance

NYSE JBS opened at $13.59 on Friday. The company has a fifty day moving average of $12.38 and a two-hundred day moving average of $14.69. The company has a market capitalization of $10.54 billion, a PE ratio of 8.54, a P/E/G ratio of 0.83 and a beta of -1.65. JBS has a 1 year low of $11.49 and a 1 year high of $18.65. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.50 and a quick ratio of 0.77.

JBS (NYSE:JBS) last posted its earnings results on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates 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 business’s revenue was up 10.7% on a year-over-year basis. As a group, analysts expect that JBS will post 1.46 earnings per share for the current year.

Institutional Investors Weigh In On JBS

A number of hedge funds have recently added to or reduced their stakes in the company. Steadtrust LLC raised its stake in shares of JBS by 0.5% during the 4th quarter. Steadtrust LLC now owns 173,630 shares of the company’s stock worth $2,504,000 after buying an additional 800 shares in the last quarter. PNC Financial Services Group Inc. raised its position in JBS by 5.4% in the first quarter. PNC Financial Services Group Inc. now owns 17,021 shares of the company’s stock worth $306,000 after acquiring an additional 867 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in JBS by 7.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock valued at $188,000 after acquiring an additional 908 shares during the period. Dodge & Cox boosted its position in shares of JBS by 6.3% during the 4th quarter. Dodge & Cox now owns 16,950 shares of the company’s stock worth $244,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of JBS by 41.9% during the 4th quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock worth $60,000 after purchasing an additional 1,223 shares during the period.

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.