JBS (NYSE:JBS) Downgraded to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of JBS (NYSE:JBS) from a strong-buy rating to a hold rating in a report released on Tuesday,Zacks.com reports.

A number of other brokerages have also recently weighed in on JBS. Weiss Ratings upgraded shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. dropped their target price on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 14th. The Goldman Sachs Group set a $18.50 target price on shares of JBS in a research report on Wednesday, November 26th. Santander upgraded shares of JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. Finally, UBS Group raised JBS to a “strong-buy” rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $19.40.

JBS Stock Up 0.5%

JBS opened at $16.23 on Tuesday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.76 and a current ratio of 1.54. The business has a 50 day moving average price of $14.80 and a 200 day moving average price of $14.47. JBS has a twelve month low of $12.37 and a twelve month high of $17.80.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. IFP Advisors Inc bought a new stake in shares of JBS in the second quarter valued at about $57,000. Blue Trust Inc. acquired a new position in JBS in the 2nd quarter valued at approximately $96,000. Aberdeen Group plc acquired a new position in JBS in the 2nd quarter valued at approximately $187,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of JBS in the 2nd quarter worth approximately $478,000. Finally, CWM LLC bought a new stake in shares of JBS in the 2nd quarter worth approximately $45,000.

JBS Company Profile

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.