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

Key Points

• Analysts maintain a moderately bullish view: Eight firms give JBS an average “Moderate Buy” rating, with a consensus 12-month price target of $18.42 versus the stock’s recent $12.24 price.
• JBS shares have recently traded up 1.9%, but the company’s latest quarterly earnings missed expectations, reporting $0.20 per share versus the $0.32 consensus estimate. Revenue increased 13.8% year over year to $23.9 billion.
• Institutional ownership has grown, including a 117.1% stake increase by Arrowstreet Capital, while CFO Guilherme Cavalcanti sold 183,501 shares for approximately $2.54 million.

Shares of Jbs N.V. (NYSE:JBS - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $18.42.

Several research analysts have recently weighed in on the stock. Weiss Ratings raised shares of JBS from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, September 18th. Wall Street Zen lowered JBS from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Barclays reduced their target price on JBS from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Thursday, July 16th. UBS Group lifted their price target on JBS from $17.00 to $17.50 and gave the company a "buy" rating in a research report on Monday, August 24th. Finally, 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.

JBS Trading Up 1.9%

Shares of JBS stock opened at $12.24 on Thursday. The company's 50-day moving average price is $12.88 and its 200-day moving average price is $13.73. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 3.03 and a beta of -1.44. JBS has a 12-month low of $10.61 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.

JBS (NYSE:JBS - Get Free Report) last posted 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 return on equity of 12.00% and a net margin of 1.22%.The firm had revenue of $23.90 billion for the quarter. The business's revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities analysts expect that JBS will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Guilherme Cavalcanti sold 183,501 shares of the 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Trading of JBS

Several institutional investors and hedge funds have recently made changes to their positions in JBS. Arrowstreet Capital Limited Partnership increased its stake in JBS by 117.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company's stock valued at $138,072,000 after acquiring an additional 4,147,304 shares during the last quarter. Alberta Investment Management Corp increased its holdings in shares of JBS by 9.2% in the fourth quarter. Alberta Investment Management Corp now owns 4,622,500 shares of the company's stock worth $66,656,000 after buying an additional 388,200 shares during the period. Bank of America Corp DE lifted its position in JBS by 11.6% in the first quarter. Bank of America Corp DE now owns 2,782,983 shares of the company's stock valued at $49,982,000 after purchasing an additional 289,771 shares during the last quarter. Brandes Investment Partners LP bought a new stake in JBS during the 4th quarter valued at $24,209,000. Finally, Assenagon Asset Management S.A. bought a new stake in JBS during the 2nd quarter valued at $21,866,000.

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.

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