JBS (NYSE:JBS) Sets New 12-Month Low – Should You Sell?

Jbs N.V. (NYSE:JBS)’s share price reached a new 52-week low during trading on Thursday. The company traded as low as $11.05 and last traded at $10.9530, with a volume of 358508 shares changing hands. The stock had previously closed at $11.29.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Barclays lowered their price target 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. Stephens reduced their price objective on shares of JBS from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Wall Street Zen downgraded shares of JBS from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of JBS from $18.00 to $17.50 and set an “overweight” rating for the company in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, JBS currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.42.

JBS Stock Performance

The company has a market capitalization of $8.43 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 4.24 and a beta of -1.67. The stock has a fifty day moving average price of $13.02 and a two-hundred day moving average price of $13.84. The company has a quick ratio of 0.77, a current ratio of 1.53 and a debt-to-equity ratio of 2.51.

JBS (NYSE:JBS) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.12). The company had revenue of $23.90 billion during the quarter. JBS had a net margin of 1.22% and a return on equity of 12.00%. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. As a group, analysts forecast that Jbs N.V. will post 1.08 EPS for the current fiscal year.

Insider Activity

In other JBS news, CFO Guilherme Cavalcanti sold 183,501 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $13.85, for a total transaction of $2,541,488.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hedge Funds Weigh In On JBS

A number of institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its position in JBS by 117.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company’s stock worth $138,072,000 after acquiring an additional 4,147,304 shares during the last quarter. Alberta Investment Management Corp grew its stake in JBS by 9.2% in the 4th quarter. Alberta Investment Management Corp now owns 4,622,500 shares of the company’s stock worth $66,656,000 after acquiring an additional 388,200 shares during the period. Bank of America Corp DE raised its holdings in JBS by 11.6% in the 1st quarter. Bank of America Corp DE now owns 2,782,983 shares of the company’s stock valued at $49,982,000 after acquiring an additional 289,771 shares during the last quarter. Brandes Investment Partners LP acquired a new position in JBS in the 4th quarter valued at $24,209,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of JBS during the 2nd quarter worth $21,866,000.

About JBS

JBS SA is a Brazil-based food company focused on the processing and production of animal protein and prepared foods. Its operations include beef, pork, poultry, and lamb processing, as well as the manufacture of value-added products such as frozen and prepared meals, bacon, sausages, deli meats, and other convenience foods. The company also produces leather and other related byproducts.

Founded in 1953 by José Batista Sobrinho in Anápolis, Brazil, JBS has grown from a local cattle-slaughtering business into a multinational food company.