Jbs N.V. (NYSE:JBS) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts rate JBS “Moderate Buy,” with five buy ratings, one strong buy and two holds. The average 12-month price target is $18.10, versus the stock’s reported opening price of $12.48.
• JBS reported quarterly EPS of $0.20, missing the $0.32 consensus estimate, while revenue rose 13.8% year over year to $23.90 billion. Analysts expect full-year EPS of $1.03.
• Institutional investors increased their positions, including Arrowstreet Capital, which boosted its holdings by 117.1%, while CFO Guilherme Cavalcanti sold 183,501 shares for approximately $2.54 million.

Jbs N.V. (NYSE:JBS - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $18.10.

Several brokerages have issued reports on JBS. Barclays cut their price objective 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 boosted their price target on JBS from $17.00 to $17.50 and gave the stock a "buy" rating in a report on Monday, August 24th. Wall Street Zen cut shares of JBS from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Zacks Research raised JBS from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Finally, Stephens dropped their price target 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.

Insider Buying and Selling at JBS

In related 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On JBS

A number of institutional investors have recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of JBS by 159.8% in the 2nd quarter. Wellington Management Group LLP now owns 222,086 shares of the company's stock valued at $2,632,000 after purchasing an additional 136,593 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in JBS during the second quarter valued at approximately $1,451,000. Hsbc Holdings PLC boosted its position 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 during the last quarter. Arrowstreet Capital Limited Partnership grew 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 valued at $138,072,000 after buying an additional 4,147,304 shares during the period. Finally, IPG Investment Advisors LLC grew its stake in shares of JBS by 71.3% during the 2nd quarter. IPG Investment Advisors LLC now owns 206,900 shares of the company's stock worth $2,452,000 after acquiring an additional 86,100 shares in the last quarter.

JBS Stock Performance

Shares of JBS stock opened at $12.48 on Monday. 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 firm has a market capitalization of $9.69 billion, a P/E ratio of 12.24, a P/E/G ratio of 3.30 and a beta of -1.44. JBS has a 52 week low of $10.61 and a 52 week high of $18.65. The firm's 50 day moving average is $12.53 and its two-hundred day moving average is $14.09.

JBS (NYSE:JBS - Get Free Report) last issued 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 for the quarter. JBS had a return on equity of 12.00% and a net margin of 1.22%. JBS's quarterly revenue was up 13.8% compared to the same quarter last year. Research analysts forecast that JBS will post 1.03 EPS for the current fiscal year.

JBS Company Profile

JBS SA is a Brazil-based global food company engaged primarily in the processing and marketing of animal protein. Its operations include beef, pork, poultry and prepared foods, with products sold through retail, foodservice and industrial channels.

The company offers fresh and frozen meats, processed and ready-to-eat foods, and branded products marketed under names that include JBS, Swift, Friboi, Seara and Pilgrim's. JBS also has businesses involved in leather, collagen, animal by-products and other food-related products, supporting an integrated approach to the protein supply chain.

Founded in 1953 by José Batista Sobrinho in Anápolis, Brazil, JBS has expanded from a local beef processor into an international food company.

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