Jbs N.V. (NYSE:JBS) Stock Has Average Target Price of $18.10 According to Analysts

Shares of Jbs N.V. (NYSE:JBS) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $18.10.

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of JBS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Stephens lowered their price objective on JBS from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. decreased their target price on JBS from $18.00 to $17.50 and set an “overweight” rating for the company in a research note on Thursday, October 22nd. Finally, UBS Group boosted their price target on JBS from $17.00 to $17.50 and gave the company a “buy” rating in a research note on Monday, August 24th.

JBS Stock Performance

Shares of NYSE:JBS opened at $12.96 on Monday. The company’s 50 day simple moving average is $12.45 and its 200 day simple moving average is $14.06. JBS has a 1 year low of $10.61 and a 1 year high of $18.65. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.53 and a quick ratio of 0.77. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 3.22 and a beta of -1.54.

JBS (NYSE:JBS) last announced its quarterly earnings results 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 for the quarter. JBS had a net margin of 1.22% and a return on equity of 12.00%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, research analysts predict that JBS will post 1.03 EPS for the current fiscal year.

Insider Activity at JBS

In related news, CFO Guilherme Cavalcanti sold 183,501 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $13.85, for a total value of $2,541,488.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge Funds Weigh In On JBS

Hedge funds have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its holdings in JBS by 117.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company’s stock valued at $138,072,000 after purchasing an additional 4,147,304 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of JBS during the second quarter valued at about $21,866,000. Bank of America Corp DE increased its holdings in JBS by 11.6% during the 1st quarter. Bank of America Corp DE now owns 2,782,983 shares of the company’s stock worth $49,982,000 after acquiring an additional 289,771 shares during the period. Wellington Management Group LLP increased its holdings in shares of JBS by 159.8% in the second quarter. Wellington Management Group LLP now owns 222,086 shares of the company’s stock worth $2,632,000 after purchasing an additional 136,593 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of JBS in the 2nd quarter valued at about $1,451,000.

About JBS

JBS SA is a Brazil-based global food company engaged primarily in the processing and marketing of animal protein. Its operations include beef, pork, poultry and prepared foods, with products sold through retail, foodservice and industrial channels.

The company offers fresh and frozen meats, processed and ready-to-eat foods, and branded products marketed under names that include JBS, Swift, Friboi, Seara and Pilgrim’s. JBS also has businesses involved in leather, collagen, animal by-products and other food-related products, supporting an integrated approach to the protein supply chain.

Founded in 1953 by José Batista Sobrinho in Anápolis, Brazil, JBS has expanded from a local beef processor into an international food company.