JBS (NYSE:JBS) Rating Lowered to “Sell” at Wall Street Zen

JBS (NYSE:JBS) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Other equities analysts have also issued research reports about the company. UBS Group set a $17.00 price objective on JBS in a research note on Tuesday, May 19th. Mizuho upgraded JBS to a “strong-buy” rating in a report on Friday, April 10th. JPMorgan Chase & Co. cut their target price on JBS from $18.50 to $18.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. Weiss Ratings lowered JBS from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Finally, Barclays lowered their price target on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $18.75.

JBS Trading Up 0.1%

JBS opened at $12.30 on Friday. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.50 and a quick ratio of 0.77. The company’s 50 day simple moving average is $12.25 and its two-hundred day simple moving average is $14.69. JBS has a 1-year low of $11.49 and a 1-year high of $18.65. The firm has a market capitalization of $9.54 billion and a price-to-earnings ratio of 7.73.

JBS (NYSE:JBS) last issued its earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). The company had revenue of $21.61 billion for the quarter. JBS had a return on equity of 19.28% and a net margin of 1.98%.The business’s revenue was up 10.7% compared to the same quarter last year. Analysts expect that JBS will post 1.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. BNDES Participacoes S.A. purchased a new stake in shares of JBS in the 4th quarter valued at approximately $2,874,074,000. Davis Selected Advisers purchased a new position in shares of JBS during the 4th quarter worth approximately $170,945,000. Banco BTG Pactual S.A. purchased a new position in shares of JBS during the 3rd quarter worth approximately $143,175,000. Ameriprise Financial Inc. increased its holdings in JBS by 23,891.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock valued at $98,285,000 after purchasing an additional 6,555,634 shares during the last quarter. Finally, State Street Corp acquired a new stake in JBS in the 2nd quarter valued at approximately $84,109,000.

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.