JBS (NYSE:JBS) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of JBS (NYSE:JBS) from a hold rating to a sell rating in a report published on Saturday morning.

A number of other analysts have also weighed in on the company. Zacks Research raised JBS from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings lowered JBS from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 29th. Barclays dropped their price objective on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. JPMorgan Chase & Co. dropped their price target on shares of JBS from $18.00 to $17.50 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th. Finally, UBS Group set a $17.00 target price on JBS in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $18.33.

JBS Stock Down 1.6%

JBS opened at $13.43 on Friday. JBS has a 12 month low of $11.49 and a 12 month high of $18.65. The company has a 50 day moving average of $12.59 and a 200 day moving average of $14.58. The company has a current ratio of 1.53, a quick ratio of 0.77 and a debt-to-equity ratio of 2.51. The company has a market cap of $10.42 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 4.21 and a beta of -1.66.

JBS (NYSE:JBS) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.12). JBS had a net margin of 1.22% and a return on equity of 12.00%. The firm had revenue of $23.90 billion for the quarter. JBS’s revenue was up 13.8% on a year-over-year basis. On average, sell-side analysts expect that JBS will post 1.3 EPS for the current year.

Institutional Investors Weigh In On JBS

A number of institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC bought a new position in JBS in the second quarter worth approximately $29,000. Los Angeles Capital Management LLC purchased a new stake in shares of JBS during the fourth quarter valued at about $31,000. Global Trust Asset Management LLC acquired a new stake in JBS in the first quarter valued at approximately $34,000. Quarry LP acquired a new stake in shares of JBS in the 3rd quarter worth $34,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in JBS by 50.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock worth $54,000 after acquiring an additional 1,257 shares in the last quarter.

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.