JPMorgan Chase & Co. Lowers JBS (NYSE:JBS) Price Target to $17.50

JBS (NYSE:JBS) had its price objective lowered by JPMorgan Chase & Co. from $18.00 to $17.50 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 32.83% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Barclays lowered their target price on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Weiss Ratings cut JBS from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 29th. Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. UBS Group set a $17.00 target price on shares of JBS in a research report on Tuesday, May 19th. Finally, Wall Street Zen raised shares of JBS from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $18.67.

JBS Stock Up 1.2%

Shares of NYSE JBS traded up $0.15 during trading hours on Wednesday, hitting $13.18. The stock had a trading volume of 692,136 shares, compared to its average volume of 5,759,300. The company has a market capitalization of $10.22 billion, a P/E ratio of 12.90, a P/E/G ratio of 0.81 and a beta of -1.65. The firm’s 50-day moving average price is $12.48 and its two-hundred day moving average price is $14.64. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 1.50. JBS has a 52 week low of $11.49 and a 52 week high of $18.65.

JBS (NYSE:JBS) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). JBS had a net margin of 1.22% and a return on equity of 11.90%. The company had revenue of $23.90 billion during the quarter. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. Analysts anticipate that JBS will post 1.46 EPS for the current fiscal year.

Institutional Investors Weigh In On JBS

Several hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new stake in JBS in the 2nd quarter valued at $29,000. Los Angeles Capital Management LLC bought a new stake in shares of JBS during the fourth quarter worth approximately $31,000. Global Trust Asset Management LLC bought a new position in shares of JBS during the first quarter worth approximately $34,000. Quarry LP acquired a new stake in JBS during the 3rd quarter worth approximately $34,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in JBS by 50.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock worth $54,000 after purchasing an additional 1,257 shares during the last quarter.

More JBS News

Here are the key news stories impacting JBS this week:

• Positive Sentiment: JBS USA plans to invest approximately $30 million to modernize its Souderton, Pennsylvania, beef facility and convert it into a value-added operation. The project is expected to preserve about 400 jobs and could improve the plant’s product mix and profitability. JBS USA Saves 400 Souderton Jobs with $30 Million Value-Added Plant Transition
• Positive Sentiment: Analysts continue to highlight JBS as an attractively valued stock with earnings momentum and potential upside, providing a positive counterpoint to weakness in crowded artificial-intelligence investments. 3 Overlooked Stocks Analysts Still Like as AI Trades Get Crowded
• Neutral Sentiment: JBS named Wesley Batista Filho as global chief executive officer, while former CEO Gilberto Tomazoni is expected to become vice chairman. The appointment restores leadership to the Batista family and may bring continuity, but investors are evaluating the governance implications and the new CEO’s ability to execute. JBS names Wesley Batista Filho new global CEO
• Positive Sentiment: The company reached a reported $3.54 billion agreement with Indonesia’s sovereign wealth fund, potentially expanding its strategic and financial resources. Details on the transaction’s financial impact remain limited. JBS strikes deal with Indonesian sovereign wealth fund
• Negative Sentiment: Second-quarter results were the primary drag: JBS reported revenue of $23.90 billion, up 13.8% year over year, but earnings fell well short of the $0.32-per-share consensus. Reports characterized the quarter as a surprise loss or approximately $0.20 per share in earnings, versus $0.53 a year earlier. The weak bottom-line performance, combined with a net margin of only 1.22%, is fueling the selloff despite strong sales growth. JBS Reports Q2 Loss, Beats Revenue Estimates

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.