JBS (NYSE:JBS) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of JBS (NYSE:JBS) from a hold rating to a sell rating in a report published on Saturday morning.

JBS has been the subject of a number of other research reports. Mizuho upgraded shares of JBS to a “strong-buy” rating in a research note on Friday, April 10th. Weiss Ratings lowered shares of JBS from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Zacks Research raised shares of JBS from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. JPMorgan Chase & Co. cut their target price on shares of JBS from $18.50 to $18.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. Finally, UBS Group set a $17.00 target price on shares of JBS in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, JBS presently has an average rating of “Buy” and a consensus target price of $18.75.

JBS Trading Up 10.6%

NYSE JBS opened at $13.59 on Friday. The company has a market cap of $10.54 billion and a PE ratio of 8.54. The company has a current ratio of 1.50, a quick ratio of 0.77 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 stock has a 50 day moving average of $12.26 and a 200-day moving average of $14.69.

JBS (NYSE:JBS) last released its earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). The firm had revenue of $21.61 billion during the quarter. JBS had a net margin of 1.98% and a return on equity of 19.28%. JBS’s revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts anticipate that JBS will post 1.46 EPS for the current fiscal year.

Hedge Funds Weigh In On JBS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of JBS by 34.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 455,300 shares of the company’s stock worth $6,456,000 after buying an additional 117,500 shares during the period. Spectrum Strategic Capital Management LLC acquired a new position in JBS in the 4th quarter valued at about $1,204,000. Robeco Institutional Asset Management B.V. raised its holdings in JBS by 714.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 442,794 shares of the company’s stock valued at $6,385,000 after acquiring an additional 388,460 shares during the period. Private Advisory Group LLC raised its holdings in JBS by 9.4% in the 4th quarter. Private Advisory Group LLC now owns 711,525 shares of the company’s stock valued at $10,260,000 after acquiring an additional 60,937 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new stake in JBS during the third quarter worth approximately $1,183,000.

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.