JBS (NYSE:JBS) Stock Rating Upgraded by Zacks Research

JBS (NYSE:JBSGet Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

JBS has been the topic of a number of other research reports. UBS Group upgraded shares of JBS to a “strong-buy” rating in a research report on Friday, February 6th. Mizuho upgraded shares of JBS to a “strong-buy” rating in a research report on Friday, April 10th. Weiss Ratings restated a “buy (b-)” rating on shares of JBS in a research report on Monday, May 4th. Barclays decreased their price objective on shares of JBS from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. cut shares of JBS from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $20.50 to $18.50 in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $19.42.

Check Out Our Latest Research Report on JBS

JBS Price Performance

JBS stock opened at $14.02 on Wednesday. The firm’s 50-day moving average price is $16.45 and its two-hundred day moving average price is $15.31. JBS has a 12-month low of $12.37 and a 12-month high of $18.65. The stock has a market capitalization of $10.88 billion and a price-to-earnings ratio of 8.82. The company has a current ratio of 1.50, a quick ratio of 0.91 and a debt-to-equity ratio of 2.42.

JBS (NYSE:JBSGet Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). JBS had a net margin of 1.98% and a return on equity of 19.28%. The firm had revenue of $21.61 billion during the quarter. The business’s revenue was up 10.7% on a year-over-year basis. As a group, equities analysts predict that JBS will post 1.93 earnings per share for the current year.

Hedge Funds Weigh In On JBS

Hedge funds and other institutional investors have recently modified their holdings of the stock. Global Trust Asset Management LLC purchased a new position in shares of JBS during the first quarter valued at about $34,000. EverSource Wealth Advisors LLC purchased a new stake in JBS in the second quarter worth about $29,000. Los Angeles Capital Management LLC bought a new position in shares of JBS during the fourth quarter valued at approximately $31,000. Quarry LP bought a new position in shares of JBS during the third quarter valued at approximately $34,000. Finally, Jones Financial Companies Lllp increased its stake in shares of JBS by 489.1% during the third quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock valued at $39,000 after purchasing an additional 2,206 shares in the last quarter.

More JBS News

Here are the key news stories impacting JBS this week:

About JBS

(Get Free Report)

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.

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Analyst Recommendations for JBS (NYSE:JBS)

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