JBS (NYSE:JBS) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of JBS (NYSE:JBS) from a hold rating to a sell rating in a research report report published on Saturday morning.

Several other equities research analysts also recently weighed in on the stock. Zacks Research raised shares of JBS from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. UBS Group set a $17.00 price target on shares of JBS in a research note on Tuesday, May 19th. Weiss Ratings downgraded shares of JBS from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their price objective on shares of JBS from $18.00 to $17.50 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Barclays decreased their price objective on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $18.60.

JBS Trading Up 2.4%

JBS opened at $13.64 on Friday. The stock has a 50-day moving average of $12.55 and a 200 day moving average of $14.60. The company has a current ratio of 1.53, a quick ratio of 0.77 and a debt-to-equity ratio of 2.51. JBS has a 12 month low of $11.49 and a 12 month high of $18.65. The firm has a market cap of $10.59 billion, a P/E ratio of 13.37, a P/E/G ratio of 4.47 and a beta of -1.65.

JBS (NYSE:JBS) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.12). The company had revenue of $23.90 billion during the quarter. JBS had a net margin of 1.22% and a return on equity of 12.00%. JBS’s revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, research analysts forecast that JBS will post 1.3 EPS for the current year.

Institutional Trading of JBS

Several institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new position in shares of JBS in the 2nd quarter valued at $29,000. Los Angeles Capital Management LLC bought a new position in shares of JBS in the 4th quarter worth $31,000. Global Trust Asset Management LLC purchased a new stake in shares of JBS during the 1st quarter worth $34,000. Quarry LP purchased a new stake in shares of JBS during the 3rd quarter worth $34,000. Finally, Rockefeller Capital Management L.P. boosted its position in JBS by 50.3% during the fourth 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 in the last quarter.

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.