JBS (NYSE:JBS) Stock Price Down 9.6% – What’s Next?

Jbs N.V. (NYSE:JBS) shares dropped 9.6% during mid-day trading on Thursday. The company traded as low as $11.39 and last traded at $11.2530. Approximately 5,201,500 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 5,858,744 shares. The stock had previously closed at $12.45.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on JBS shares. Barclays decreased their price objective on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Weiss Ratings raised JBS from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 30th. JPMorgan Chase & Co. reduced their price target on shares of JBS from $18.00 to $17.50 and set an “overweight” rating on the stock in a research report on Thursday, October 22nd. Stephens decreased their price target on shares of JBS from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Finally, Wall Street Zen lowered shares of JBS from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, JBS presently has a consensus rating of “Moderate Buy” and an average price target of $18.10.

JBS Price Performance

The company has a market capitalization of $9.03 billion, a PE ratio of 17.90, a PEG ratio of 3.32 and a beta of -1.54. The firm has a fifty day moving average of $12.36 and a two-hundred day moving average of $13.99. The company has a current ratio of 1.56, a quick ratio of 0.77 and a debt-to-equity ratio of 2.58.

JBS (NYSE:JBS) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.10). The company had revenue of $22.74 billion for the quarter. JBS had a return on equity of 7.62% and a net margin of 0.76%. JBS’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. Research analysts anticipate that Jbs N.V. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at JBS

In other news, CFO Guilherme Cavalcanti sold 183,501 shares of the stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On JBS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its position in JBS by 117.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company’s stock valued at $138,072,000 after buying an additional 4,147,304 shares during the period. Bank of America Corp DE grew its stake in shares of JBS by 11.6% in the first quarter. Bank of America Corp DE now owns 2,782,983 shares of the company’s stock worth $49,982,000 after purchasing an additional 289,771 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of JBS in the second quarter worth about $21,866,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of JBS by 3.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 873,080 shares of the company’s stock worth $15,681,000 after purchasing an additional 27,398 shares during the last quarter. Finally, Private Advisory Group LLC increased its holdings in JBS by 25.9% during the 3rd quarter. Private Advisory Group LLC now owns 942,122 shares of the company’s stock valued at $10,637,000 after purchasing an additional 193,845 shares during the period.

JBS Company Profile

JBS S.A. is a global food company focused on processing beef, pork, poultry and lamb. Its products include fresh and frozen meat, prepared and packaged foods, and value-added food products sold under brands such as Swift, Pilgrim’s and Seara. The company also produces ingredients and other products from animal byproducts, including leather and collagen. Founded in 1953 in Anápolis, Brazil, JBS has grown into an international business with operations across the Americas, Europe, Australia and other markets.