Jefferies Financial Group Inc. Purchases New Position in Jbs N.V. $JBS

Jefferies Financial Group Inc. purchased a new stake in Jbs N.V. (NYSE:JBS) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 65,000 shares of the company’s stock, valued at approximately $970,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new position in shares of JBS during the 2nd quarter valued at approximately $29,000. Jones Financial Companies Lllp increased its holdings in JBS by 489.1% in the third quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock valued at $39,000 after buying an additional 2,206 shares in the last quarter. MAI Capital Management purchased a new position in JBS in the second quarter valued at $44,000. Farther Finance Advisors LLC acquired a new position in shares of JBS in the third quarter worth about $44,000. Finally, Parallel Advisors LLC purchased a new stake in shares of JBS during the 3rd quarter worth about $61,000.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Santander raised JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. UBS Group upgraded JBS to a “strong-buy” rating in a research report on Friday, February 6th. Weiss Ratings raised shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Zacks Research downgraded shares of JBS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, The Goldman Sachs Group set a $18.50 target price on shares of JBS in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $19.40.

JBS Stock Performance

Shares of JBS opened at $15.12 on Friday. Jbs N.V. has a 52-week low of $12.37 and a 52-week high of $17.80. The firm’s fifty day moving average is $15.50 and its two-hundred day moving average is $14.73. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15.

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.