Jbs N.V. (NYSE:JBS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Jbs N.V. (NYSE:JBS) has been given an average rating of “Moderate Buy” by the eight analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $18.9167.

A number of equities research analysts have issued reports on JBS shares. Zacks Research lowered shares of JBS from a “hold” rating to a “strong sell” rating in a report on Thursday, June 11th. Weiss Ratings lowered shares of JBS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Barclays cut their target price on shares of JBS from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. 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 report on Monday. Finally, UBS Group set a $17.00 target price on shares of JBS in a report on Tuesday, May 19th.

JBS Trading Up 0.0%

Shares of JBS opened at $12.23 on Tuesday. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.50 and a quick ratio of 0.77. JBS has a 1 year low of $11.49 and a 1 year high of $18.65. The company has a 50 day simple moving average of $13.81 and a two-hundred day simple moving average of $15.00. The firm has a market cap of $9.49 billion and a P/E ratio of 7.69.

JBS (NYSE:JBS) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). JBS had a net margin of 1.98% and a return on equity of 19.28%. The company had revenue of $21.61 billion for the quarter. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities analysts expect that JBS will post 1.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JBS. Rhumbline Advisers purchased a new position in shares of JBS in the second quarter valued at $203,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of JBS in the second quarter valued at $5,490,000. EverSource Wealth Advisors LLC purchased a new position in shares of JBS in the second quarter valued at $29,000. First Trust Advisors LP purchased a new position in shares of JBS in the second quarter valued at $1,419,000. Finally, Marshall Wace LLP purchased a new position in shares of JBS in the second quarter valued at $5,206,000.

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.