JBS (NYSE:JBS) Price Target Lowered to $21.00 at Barclays

JBS (NYSE:JBS) had its price objective decreased by Barclays from $23.00 to $21.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 46.49% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Mizuho raised shares of JBS to a “strong-buy” rating in a research report on Friday, April 10th. JPMorgan Chase & Co. lowered shares of JBS from an “overweight” rating to a “neutral” rating and set a $18.50 price objective on the stock. in a research note on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of JBS in a report on Monday, May 4th. UBS Group raised shares of JBS to a “strong-buy” rating in a research report on Friday, February 6th. Finally, Zacks Research cut shares of JBS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, JBS currently has an average rating of “Moderate Buy” and an average target price of $19.42.

JBS Stock Performance

Shares of JBS opened at $14.34 on Thursday. JBS has a one year low of $12.37 and a one year high of $18.65. The company has a market cap of $11.12 billion and a PE ratio of 9.05. The stock has a 50-day moving average of $16.49 and a 200-day moving average of $15.30. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.60 and a quick ratio of 0.91.

JBS (NYSE:JBS) last posted its quarterly 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 19.09% and a net margin of 1.98%.The firm had revenue of $21.61 billion for the quarter. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts predict that JBS will post 1.93 EPS for the current fiscal year.

Hedge Funds Weigh In On JBS

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Global Trust Asset Management LLC bought a new position in shares of JBS in the first quarter valued at approximately $34,000. EverSource Wealth Advisors LLC bought a new stake in JBS during the second quarter worth $29,000. Los Angeles Capital Management LLC bought a new stake in JBS during the fourth quarter worth $31,000. Quarry LP purchased a new position in JBS in the third quarter worth $34,000. Finally, Jones Financial Companies Lllp increased its position in shares of JBS by 489.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock valued at $39,000 after purchasing an additional 2,206 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.