JBS (NYSE:JBS) Reaches New 52-Week High – Still a Buy?

Jbs N.V. (NYSE:JBS)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $18.20 and last traded at $18.1850, with a volume of 4869126 shares. The stock had previously closed at $17.55.

Wall Street Analyst Weigh In

JBS has been the subject of a number of analyst reports. UBS Group raised JBS to a “strong-buy” rating in a research note on Friday, February 6th. Santander raised JBS from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 11th. Zacks Research cut JBS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Barclays lifted their price objective on JBS from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, March 27th. Finally, Weiss Ratings raised JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, JBS has an average rating of “Buy” and an average price target of $20.00.

JBS Stock Performance

The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.91 and a current ratio of 1.60. The stock’s 50-day moving average is $16.11 and its 200 day moving average is $14.77. The firm has a market cap of $14.07 billion and a P/E ratio of 12.63.

JBS (NYSE:JBS) last released its earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($1.86). The business had revenue of $23.06 billion during the quarter. The business’s quarterly revenue was up 15.5% on a year-over-year basis.

JBS Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, May 18th will be paid a dividend of $1.00 per share. The ex-dividend date is Monday, May 18th.

Hedge Funds Weigh In On JBS

A number of large investors have recently modified their holdings of JBS. BNDES Participacoes S.A. acquired a new stake in JBS in the 4th quarter valued at about $2,874,074,000. Davis Selected Advisers acquired a new stake in JBS in the 4th quarter valued at about $170,945,000. Banco BTG Pactual S.A. acquired a new stake in JBS in the 3rd quarter valued at about $143,175,000. Ameriprise Financial Inc. lifted its stake in JBS by 23,891.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock valued at $98,285,000 after purchasing an additional 6,555,634 shares during the last quarter. Finally, State Street Corp acquired a new stake in JBS in the 2nd quarter valued at about $84,109,000.

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.