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

Jbs N.V. (NYSE:JBS) has received a consensus rating of “Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $20.0833.

Several research analysts have recently issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of JBS in a research note on Monday, May 4th. UBS Group upgraded JBS to a “strong-buy” rating in a research note on Friday, February 6th. Barclays raised their price objective on JBS from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, March 27th. Zacks Research cut JBS from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Finally, JPMorgan Chase & Co. raised their price objective on JBS from $20.00 to $20.50 and gave the stock an “overweight” rating in a research note on Friday, April 24th.

JBS Trading Down 0.1%

Shares of NYSE:JBS opened at $16.09 on Monday. JBS has a 52-week low of $12.37 and a 52-week high of $18.65. The stock has a market cap of $12.48 billion and a price-to-earnings ratio of 11.17. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 2.28. The business has a 50-day moving average price of $16.59 and a 200-day moving average price of $15.24.

JBS (NYSE:JBS) last announced its quarterly earnings data on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($1.86). The firm had revenue of $23.06 billion during the quarter. The firm’s revenue was up 15.5% on a year-over-year basis. Equities analysts predict that JBS will post 1.93 EPS for the current year.

JBS Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, May 18th will be given 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

Several institutional investors have recently bought and sold shares of JBS. BNDES Participacoes S.A. purchased a new position in JBS during the fourth quarter valued at approximately $2,874,074,000. Davis Selected Advisers purchased a new position in JBS during the fourth quarter valued at approximately $170,945,000. Banco BTG Pactual S.A. purchased a new position in JBS during the third quarter valued at approximately $143,175,000. Ameriprise Financial Inc. raised its position in JBS by 23,891.7% during the third quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock valued at $98,285,000 after acquiring an additional 6,555,634 shares in the last quarter. Finally, State Street Corp purchased a new position in JBS during the second quarter valued at approximately $84,109,000.

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.