JBS (NYSE:JBS) Hits New 52-Week High – Here’s What Happened

Jbs N.V. (NYSE:JBS)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $17.80 and last traded at $17.7750, with a volume of 3952585 shares trading hands. The stock had previously closed at $17.34.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on JBS shares. Zacks Research downgraded JBS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Barclays boosted 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. UBS Group upgraded JBS to a “strong-buy” rating in a research note on Friday, February 6th. Weiss Ratings upgraded JBS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Finally, Santander raised JBS from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $20.00.

JBS Stock Performance

The firm has a market capitalization of $13.99 billion and a price-to-earnings ratio of 12.55. 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 fifty day moving average is $15.94 and its two-hundred day moving average is $14.72.

JBS (NYSE:JBS) last issued its quarterly earnings data on Wednesday, March 25th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($1.86). The business had revenue of $23.06 billion for the quarter. JBS’s revenue for the quarter 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. Shareholders 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

Institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC acquired a new stake in shares of JBS during the second quarter worth approximately $29,000. Los Angeles Capital Management LLC bought a new position in JBS during the 4th quarter valued at $31,000. Quarry LP acquired a new position in JBS during the 3rd quarter worth $34,000. Jones Financial Companies Lllp grew its holdings in JBS by 489.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock worth $39,000 after acquiring an additional 2,206 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in shares of JBS in the 3rd quarter worth about $44,000.

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.