JBS Target of Unusually Large Options Trading (NYSE:JBS)

Jbs N.V. (NYSE:JBS) saw some unusual options trading activity on Tuesday. Traders acquired 30,661 call options on the stock. This is an increase of 993% compared to the typical volume of 2,806 call options.

JBS Stock Performance

JBS stock traded up $0.27 during mid-day trading on Tuesday, reaching $15.99. 6,194,639 shares of the stock traded hands, compared to its average volume of 4,912,854. The business has a 50-day moving average price of $14.62 and a two-hundred day moving average price of $14.34. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15. JBS has a one year low of $12.37 and a one year high of $17.80.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of JBS in the second quarter worth approximately $296,000. QRG Capital Management Inc. purchased a new stake in JBS in the second quarter worth $172,000. IFP Advisors Inc bought a new stake in shares of JBS during the second quarter worth $57,000. Ramirez Asset Management Inc. bought a new stake in shares of JBS during the second quarter worth $11,896,000. Finally, Blue Trust Inc. purchased a new stake in shares of JBS during the second quarter valued at $96,000.

Analyst Upgrades and Downgrades

JBS has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, October 14th. Zacks Research raised JBS from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. The Goldman Sachs Group set a $18.50 target price on shares of JBS in a report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of JBS in a research note on Monday, December 29th. Finally, Mizuho set a $20.00 price objective on shares of JBS in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $19.38.

About JBS

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.