JBS (NYSE:JBS) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Jbs N.V. (NYSE:JBS)’s stock price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $12.45 and traded as high as $12.97. JBS shares last traded at $12.9560, with a volume of 6,151,370 shares.

Analyst Ratings Changes

A number of equities analysts recently weighed in on JBS shares. UBS Group increased their price target on JBS from $17.00 to $17.50 and gave the company a “buy” rating in a research report on Monday, August 24th. JPMorgan Chase & Co. cut their price objective on JBS from $18.00 to $17.50 and set an “overweight” rating on the stock in a report on Thursday, October 22nd. Weiss Ratings upgraded shares of JBS from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 30th. Barclays decreased their target price on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Finally, Zacks Research raised shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, JBS currently has a consensus rating of “Moderate Buy” and an average target price of $18.10.

JBS Stock Performance

The firm’s fifty day moving average price is $12.45 and its 200 day moving average price is $14.06. 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 capitalization of $10.06 billion, a PE ratio of 12.70, a PEG ratio of 3.22 and a beta of -1.54.

JBS (NYSE:JBS) last posted its earnings results on Monday, August 10th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.12). The business had revenue of $23.90 billion during the quarter. JBS had a return on equity of 12.00% and a net margin of 1.22%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, research analysts anticipate that Jbs N.V. will post 1.03 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Guilherme Cavalcanti sold 183,501 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $13.85, for a total value of $2,541,488.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On JBS

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. boosted its holdings in JBS by 50.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock valued at $54,000 after purchasing an additional 1,257 shares during the period. Atlas Brown Inc. acquired a new stake in JBS in the 2nd quarter worth $118,000. North Dakota State Investment Board bought a new position in shares of JBS during the 3rd quarter worth about $115,000. Sowell Financial Services LLC bought a new position in shares of JBS during the 3rd quarter worth about $115,000. Finally, Cidel Asset Management Inc. bought a new position in shares of JBS during the 3rd quarter worth about $117,000.

About JBS

JBS SA is a Brazil-based global food company engaged primarily in the processing and marketing of animal protein. Its operations include beef, pork, poultry and prepared foods, with products sold through retail, foodservice and industrial channels.

The company offers fresh and frozen meats, processed and ready-to-eat foods, and branded products marketed under names that include JBS, Swift, Friboi, Seara and Pilgrim’s. JBS also has businesses involved in leather, collagen, animal by-products and other food-related products, supporting an integrated approach to the protein supply chain.

Founded in 1953 by José Batista Sobrinho in Anápolis, Brazil, JBS has expanded from a local beef processor into an international food company.