Jbs N.V. (NYSE:JBS) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analyst sentiment is moderately positive: Eight brokerages give JBS a consensus “Moderate Buy” rating, with five buys and one strong buy. The average 12-month price target is $18.42, well above the stock’s $12.57 opening price.
• Recent earnings fell short of expectations: JBS reported quarterly EPS of $0.20 versus the $0.32 consensus estimate, although revenue rose 13.8% year over year to $23.90 billion.
• Price targets have been reduced and insider selling occurred: Stephens, Barclays and JPMorgan lowered their targets, while Wall Street Zen downgraded the stock to “sell.” JBS’s CFO also sold 183,501 shares for approximately $2.54 million.

Shares of Jbs N.V. (NYSE:JBS - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $18.4167.

Several equities research analysts recently commented on the company. Stephens reduced their price objective on JBS from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Monday, August 17th. Barclays lowered their target price on shares of JBS from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Thursday, July 16th. JPMorgan Chase & Co. reduced their price target on shares of JBS from $18.00 to $17.50 and set an "overweight" rating for the company in a research note on Wednesday, August 12th. Wall Street Zen cut shares of JBS from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Finally, Zacks Research upgraded shares of JBS from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th.

JBS Stock Performance

JBS stock opened at $12.57 on Friday. The stock has a market capitalization of $9.76 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 4.70 and a beta of -1.67. JBS has a 12-month low of $11.49 and a 12-month high of $18.65. 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 stock's 50 day simple moving average is $13.06 and its 200 day simple moving average is $14.24.

JBS (NYSE:JBS - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.12). JBS had a return on equity of 12.00% and a net margin of 1.22%.The business had revenue of $23.90 billion during the quarter. JBS's revenue for the quarter was up 13.8% on a year-over-year basis. As a group, research analysts forecast that JBS will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling at JBS

In other news, CFO Guilherme Cavalcanti sold 183,501 shares of the firm's stock in a transaction on Monday, August 24th. The stock was 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 can be accessed through the SEC website.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of JBS. BNDES Participacoes S.A. purchased a new position in shares of JBS in the fourth quarter worth approximately $2,874,074,000. Banco BTG Pactual S.A. purchased a new stake in JBS during the third quarter valued at approximately $143,175,000. Ameriprise Financial Inc. increased its holdings in JBS by 23,891.7% during the third quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company's stock valued at $98,285,000 after buying an additional 6,555,634 shares during the last quarter. State Street Corp bought a new position in JBS in the second quarter worth approximately $84,109,000. Finally, Arrowstreet Capital Limited Partnership raised its position in JBS by 117.1% in 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.

JBS Company Profile

JBS SA is a Brazil-based global food company that produces and sells animal-protein and prepared-food products. Its portfolio includes beef, pork, poultry, lamb, plant-based foods and value-added prepared meals, along with leather and other products derived from its processing operations.

Founded in 1953 by José Batista Sobrinho in Anápolis, Brazil, JBS has expanded from a local cattle-processing business into one of the world's largest protein companies. Its operations and products serve customers in Brazil and international markets across North America, South America, Europe, Asia, Africa and Australia.

JBS markets products under brands that include Friboi, Seara, Swift, Pilgrim's, Primo and 1855, although brand availability varies by country and product category.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.