JBS (NYSE:JBS) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of JBS (NYSE:JBSFree Report) from a strong sell rating to a hold rating in a research report released on Wednesday,Zacks.com reports.

JBS has been the topic of a number of other reports. UBS Group raised shares of JBS to a “strong-buy” rating in a research note on Friday, February 6th. Mizuho raised shares of JBS to a “strong-buy” rating in a research note on Friday, April 10th. Barclays decreased their target price on shares of JBS from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday. Weiss Ratings reissued a “buy (b-)” rating on shares of JBS in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. lowered shares of JBS from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $20.50 to $18.50 in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $19.42.

Read Our Latest Stock Report on JBS

JBS Stock Down 4.6%

JBS stock opened at $14.02 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 0.91 and a debt-to-equity ratio of 2.42. The firm has a 50-day moving average of $16.45 and a two-hundred day moving average of $15.31. JBS has a 12 month low of $12.37 and a 12 month high of $18.65. The company has a market cap of $10.88 billion and a price-to-earnings ratio of 8.82.

JBS (NYSE:JBSGet Free Report) last released its earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). JBS had a return on equity of 19.28% and a net margin of 1.98%.The business had revenue of $21.61 billion during the quarter. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, analysts forecast that JBS will post 1.93 earnings per share for the current fiscal year.

JBS Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, May 18th will be issued a $1.00 dividend. The ex-dividend date is Monday, May 18th.

Institutional Trading of JBS

Several institutional investors have recently added to or reduced their stakes in JBS. Rhumbline Advisers acquired a new stake in JBS in the 2nd quarter valued at approximately $203,000. Arrowstreet Capital Limited Partnership acquired a new stake in JBS in the 2nd quarter valued at approximately $5,490,000. EverSource Wealth Advisors LLC acquired a new stake in JBS in the 2nd quarter valued at approximately $29,000. First Trust Advisors LP acquired a new stake in JBS in the 2nd quarter valued at approximately $1,419,000. Finally, Marshall Wace LLP acquired a new stake in JBS in the 2nd quarter valued at approximately $5,206,000.

Key Stories Impacting JBS

Here are the key news stories impacting JBS this week:

About JBS

(Get Free Report)

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.

Further Reading

Analyst Recommendations for JBS (NYSE:JBS)

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