Brokerages Set Jbs N.V. (NYSE:JBS) Price Target at $19.40

Shares of Jbs N.V. (NYSE:JBS) have been given an average recommendation of “Buy” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $19.40.

A number of equities analysts have weighed in on JBS shares. Weiss Ratings raised shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Santander upgraded JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. Zacks Research lowered JBS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. The Goldman Sachs Group set a $18.50 price objective on JBS in a report on Wednesday, November 26th. Finally, UBS Group raised shares of JBS to a “strong-buy” rating in a research report on Friday, February 6th.

JBS Stock Performance

NYSE JBS opened at $16.88 on Wednesday. JBS has a 12 month low of $12.37 and a 12 month high of $17.80. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15. The company has a 50-day moving average of $15.27 and a 200-day moving average of $14.66.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JBS. BNDES Participacoes S.A. acquired a new stake in shares of JBS in the fourth quarter valued at about $2,874,074,000. Davis Selected Advisers acquired a new position in JBS during the 4th quarter worth approximately $170,945,000. JPMorgan Chase & Co. purchased a new position in JBS in the 2nd quarter worth approximately $161,969,000. Banco BTG Pactual S.A. acquired a new stake in JBS in the third quarter valued at approximately $143,175,000. Finally, Ameriprise Financial Inc. increased its stake in JBS by 23,891.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock worth $98,285,000 after buying an additional 6,555,634 shares during the period.

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.