JBS (NYSE:JBS) Lowered to “Strong Sell” Rating by Zacks Research

JBS (NYSE:JBS) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

JBS has been the topic of a number of other reports. Mizuho raised JBS to a “strong-buy” rating in a research note on Friday, April 10th. Weiss Ratings cut JBS from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. JPMorgan Chase & Co. cut JBS from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $20.50 to $18.50 in a research note on Thursday, May 14th. Barclays decreased their price target on JBS from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Finally, UBS Group set a $17.00 price target on shares of JBS in a report on Tuesday, May 19th. Two 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

JBS Stock Performance

Shares of NYSE JBS opened at $12.52 on Thursday. The stock has a market cap of $9.72 billion and a price-to-earnings ratio of 7.88. 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 1-year low of $11.49 and a 1-year high of $18.65. The stock’s 50-day moving average is $15.09 and its 200 day moving average is $15.19.

JBS (NYSE:JBS) last announced its quarterly earnings data 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). The firm had revenue of $21.61 billion for the quarter. JBS had a net margin of 1.98% and a return on equity of 19.28%. The business’s revenue was up 10.7% compared to the same quarter last year. On average, sell-side analysts anticipate that JBS will post 1.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JBS. Steadtrust LLC lifted its position in shares of JBS by 0.5% in the 4th quarter. Steadtrust LLC now owns 173,630 shares of the company’s stock worth $2,504,000 after purchasing an additional 800 shares during the period. Capital Research Global Investors increased its position in shares of JBS by 0.6% during the third quarter. Capital Research Global Investors now owns 145,352 shares of the company’s stock valued at $2,186,000 after buying an additional 839 shares during the period. PNC Financial Services Group Inc. raised its stake 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 buying an additional 867 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in JBS by 7.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock worth $188,000 after buying an additional 908 shares in the last quarter. Finally, Dodge & Cox lifted its holdings in JBS by 6.3% in the fourth quarter. Dodge & Cox now owns 16,950 shares of the company’s stock worth $244,000 after buying an additional 1,000 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.