Jbs N.V. (NYSE:JBS) Stock Has Consensus Target Price of $18.42

Jbs N.V. (NYSE:JBS) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $18.50.

A number of research analysts have recently commented on JBS shares. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Wall Street Zen cut shares of JBS from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. UBS Group upped their target price on shares of JBS from $17.00 to $17.50 and gave the stock a “buy” rating in a research note on Monday, August 24th. Barclays reduced their target price on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Finally, Weiss Ratings upgraded JBS from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, September 18th.

Insider Activity

In other news, CFO Guilherme Cavalcanti sold 183,501 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $13.85, for a total transaction of $2,541,488.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of JBS

Institutional investors and hedge funds have recently made changes to their positions in the company. Global Trust Asset Management LLC bought a new position in JBS during the 1st quarter worth about $34,000. Rockefeller Capital Management L.P. raised its holdings in shares of JBS by 50.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock valued at $54,000 after purchasing an additional 1,257 shares in the last quarter. Atlas Brown Inc. bought a new stake in shares of JBS in the 2nd quarter valued at about $118,000. FNY Investment Advisers LLC raised its holdings in shares of JBS by 36.8% in the 2nd quarter. FNY Investment Advisers LLC now owns 17,790 shares of the company’s stock valued at $210,000 after purchasing an additional 4,790 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its position in shares of JBS by 17.3% in the 2nd quarter. Confluence Investment Management LLC now owns 19,326 shares of the company’s stock worth $229,000 after purchasing an additional 2,845 shares during the period.

JBS Price Performance

JBS opened at $12.96 on Thursday. The business has a fifty day moving average of $12.82 and a 200 day moving average of $13.71. The stock has a market cap of $10.06 billion, a P/E ratio of 12.71, a PEG ratio of 3.27 and a beta of -1.44. 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 has a 52-week low of $10.61 and a 52-week high of $18.65.

JBS (NYSE:JBS) last released its earnings results 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 return on equity of 12.00% and a net margin of 1.22%. The business had revenue of $23.90 billion during the quarter. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. As a group, sell-side analysts anticipate that JBS will post 1.07 EPS for the current year.

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.