Jbs N.V. (NYSE:JBS) Stock Has Average Target Price of $18.42

Shares of Jbs N.V. (NYSE:JBS) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $18.50.

Several analysts have recently commented on the stock. Stephens decreased their price objective on shares of JBS from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. UBS Group upped their target price on shares of JBS from $17.00 to $17.50 and gave the stock a “buy” rating in a report on Monday, August 24th. Weiss Ratings raised shares of JBS from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, September 18th. Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Barclays decreased their price target on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th.

JBS Price Performance

NYSE JBS opened at $13.01 on Thursday. JBS has a 52 week low of $10.61 and a 52 week high of $18.65. The firm has a market capitalization of $10.09 billion, a P/E ratio of 12.68, a PEG ratio of 3.22 and a beta of -1.44. The company has a quick ratio of 0.77, a current ratio of 1.53 and a debt-to-equity ratio of 2.51. The company has a 50-day moving average price of $12.78 and a 200-day moving average price of $13.64.

JBS (NYSE:JBS) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.12). The business had revenue of $23.90 billion during the quarter. JBS had a return on equity of 12.00% and a net margin of 1.22%. The company’s revenue was up 13.8% on a year-over-year basis. Equities research analysts anticipate that JBS will post 1.09 earnings per share for the current year.

Insider Activity

In other news, CFO Guilherme Cavalcanti sold 183,501 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $13.85, for a total value of $2,541,488.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Trading of JBS

Several hedge funds have recently bought and sold shares of JBS. Wellington Management Group LLP increased its position in shares of JBS by 159.8% during the second quarter. Wellington Management Group LLP now owns 222,086 shares of the company’s stock worth $2,632,000 after acquiring an additional 136,593 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of JBS in the second quarter valued at $1,451,000. Hsbc Holdings PLC grew its holdings in JBS by 113.6% in the 1st quarter. Hsbc Holdings PLC now owns 189,000 shares of the company’s stock valued at $3,375,000 after buying an additional 100,533 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in JBS by 117.1% during the first 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 period. Finally, IPG Investment Advisors LLC raised its position 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 buying an additional 86,100 shares in the last quarter.

About JBS

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.