JBS (NYSE:JBS) Price Target Raised to $18.00

JBS (NYSE:JBS) had its price target raised by JPMorgan Chase & Co. from $17.50 to $18.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also commented on the stock. UBS Group increased their price target on shares of JBS from $17.00 to $17.50 and gave the stock a “buy” rating in a report on Monday, August 24th. Barclays lowered their price objective on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Wall Street Zen downgraded shares of JBS from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings upgraded shares of JBS from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. Finally, Stephens cut their target price on shares of JBS from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, JBS has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

JBS Stock Down 0.1%

JBS stock opened at $12.96 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.77 and a debt-to-equity ratio of 2.51. The company’s 50 day moving average is $12.82 and its 200 day moving average is $13.70. The stock has a market cap of $10.06 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 3.30 and a beta of -1.44. JBS has a 1-year low of $10.61 and a 1-year high of $18.65.

JBS (NYSE:JBS) last announced its earnings results on Monday, August 10th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). JBS had a net margin of 1.22% and a return on equity of 12.00%. The company had revenue of $23.90 billion during the quarter. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. Sell-side analysts predict that JBS will post 1.07 EPS for the current fiscal year.

Insider Buying and Selling at JBS

In related news, CFO Guilherme Cavalcanti sold 183,501 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $13.85, for a total transaction of $2,541,488.85. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Trading of JBS

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its position in JBS by 159.8% during the second quarter. Wellington Management Group LLP now owns 222,086 shares of the company’s stock valued at $2,632,000 after acquiring an additional 136,593 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of JBS in the 2nd quarter worth approximately $1,451,000. Hsbc Holdings PLC lifted its holdings in shares of JBS by 113.6% in the 1st quarter. Hsbc Holdings PLC now owns 189,000 shares of the company’s stock worth $3,375,000 after acquiring an additional 100,533 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of JBS by 117.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company’s stock worth $138,072,000 after acquiring an additional 4,147,304 shares during the last quarter. Finally, IPG Investment Advisors LLC boosted its stake in shares of JBS by 71.3% in the 2nd quarter. IPG Investment Advisors LLC now owns 206,900 shares of the company’s stock valued at $2,452,000 after purchasing an additional 86,100 shares in the last quarter.

JBS Company Profile

JBS SA is a Brazil-based food company focused on the processing and production of animal protein and prepared foods. Its operations include beef, pork, poultry, and lamb processing, as well as the manufacture of value-added products such as frozen and prepared meals, bacon, sausages, deli meats, and other convenience foods. The company also produces leather and other related byproducts.

Founded in 1953 by José Batista Sobrinho in Anápolis, Brazil, JBS has grown from a local cattle-slaughtering business into a multinational food company.