Jbs N.V. (NYSE:JBS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Jbs N.V. (NYSE:JBS) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $18.4167.

Several equities analysts have issued reports on the stock. UBS Group upped their target price on shares of JBS from $17.00 to $17.50 and gave the company a “buy” rating in a research note on Monday. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Wall Street Zen cut shares of JBS from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings lowered shares of JBS from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 29th. Finally, Stephens lowered their price target on JBS from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Monday, August 17th.

JBS Stock Up 1.1%

JBS stock opened at $14.04 on Wednesday. JBS has a 12 month low of $11.49 and a 12 month high of $18.65. The stock has a fifty day simple moving average of $12.78 and a two-hundred day simple moving average of $14.49. 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 firm has a market cap of $10.89 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 5.18 and a beta of -1.65.

JBS (NYSE:JBS) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). JBS had a net margin of 1.22% and a return on equity of 12.00%. The business had revenue of $23.90 billion for the quarter. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. Equities analysts predict that JBS will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling

In other JBS news, CFO Guilherme Perboyre Cavalcanti sold 183,501 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $13.85, for a total value of $2,541,488.85. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Trading of JBS

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its position in shares of JBS by 5.4% during the first quarter. PNC Financial Services Group Inc. now owns 17,021 shares of the company’s stock worth $306,000 after acquiring an additional 867 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in JBS by 7.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock valued at $188,000 after acquiring an additional 908 shares during the last quarter. Dodge & Cox increased its holdings in JBS by 6.3% in the 4th quarter. Dodge & Cox now owns 16,950 shares of the company’s stock valued at $244,000 after acquiring an additional 1,000 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in JBS by 41.9% in the 4th quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock worth $60,000 after purchasing an additional 1,223 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of JBS by 10.0% during the 3rd quarter. US Bancorp DE now owns 13,497 shares of the company’s stock valued at $202,000 after purchasing an additional 1,225 shares during 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.