Brokerages Set Jbs N.V. (NYSE:JBS) Price Target at $19.00

Jbs N.V. (NYSE:JBS) has been assigned a consensus rating of “Buy” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $19.00.

Several analysts recently commented on JBS shares. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. downgraded shares of JBS from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $20.50 to $18.50 in a research report on Thursday, May 14th. UBS Group set a $17.00 price target on shares of JBS in a research report on Tuesday, May 19th. Barclays reduced their price target on shares of JBS from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Finally, Mizuho upgraded shares of JBS to a “strong-buy” rating in a research report on Friday, April 10th.

Hedge Funds Weigh In On JBS

Several institutional investors have recently bought and sold shares of JBS. Rhumbline Advisers acquired a new position in JBS in the 2nd quarter valued at $203,000. Arrowstreet Capital Limited Partnership acquired a new position in JBS in the 2nd quarter valued at $5,490,000. EverSource Wealth Advisors LLC acquired a new position in JBS in the 2nd quarter valued at $29,000. First Trust Advisors LP acquired a new position in JBS in the 2nd quarter valued at $1,419,000. Finally, Marshall Wace LLP acquired a new position in JBS in the 2nd quarter valued at $5,206,000.

JBS Stock Up 1.7%

JBS stock opened at $12.23 on Friday. The company has a fifty day moving average price of $15.20 and a 200 day moving average price of $15.21. JBS has a 12 month low of $11.49 and a 12 month high of $18.65. The company has a market cap of $9.49 billion and a price-to-earnings ratio of 7.69. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.50 and a quick ratio of 0.77.

JBS (NYSE:JBS) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). JBS had a net margin of 1.98% and a return on equity of 19.28%. The business had revenue of $21.61 billion during the quarter. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. Sell-side analysts expect that JBS will post 1.45 earnings per share for the current year.

JBS Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, May 18th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, May 18th. JBS’s payout ratio is currently 62.89%.

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.