JBS (NYSE:JBS) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of JBS (NYSE:JBS) from a hold rating to a strong sell rating in a report released on Thursday morning,Zacks.com reports.

A number of other research analysts also recently weighed in on JBS. Mizuho raised shares of JBS to a “strong-buy” rating in a research report on Friday, April 10th. Barclays reduced their target price 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. UBS Group set a $17.00 target price on shares of JBS in a research report on Tuesday, May 19th. JPMorgan Chase & Co. downgraded shares of JBS from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $20.50 to $18.50 in a research report on Thursday, May 14th. Finally, Weiss Ratings downgraded shares of JBS from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, JBS has an average rating of “Moderate Buy” and an average price target of $19.00.

JBS Trading Up 2.7%

NYSE:JBS opened at $12.52 on Thursday. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 1.50. The firm has a market cap of $9.72 billion and a price-to-earnings ratio of 7.88. JBS has a 52 week low of $11.49 and a 52 week high of $18.65. The firm has a 50-day moving average price of $15.09 and a two-hundred day moving average price of $15.19.

JBS (NYSE:JBS) last released its earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). JBS had a net margin of 1.98% and a return on equity of 19.28%. The company had revenue of $21.61 billion for the quarter. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities analysts expect that JBS will post 1.45 earnings per share for the current fiscal year.

JBS Dividend Announcement

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

Institutional Inflows and Outflows

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

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.