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

Key Points

• Analyst consensus: Buy — Nine brokerages rate JBS an average Buy (six buys, two strong buys, one hold) with a 1-year average target of $20.00.
• JBS reported quarterly EPS of $0.39 versus analysts' $2.25 estimate (missing by $1.86), while revenue grew 15.5% year-over-year to $23.06 billion.
• $1.00 dividend announced — JBS declared a $1.00 per share dividend payable June 17, with record/ex-dividend date of May 18.

Jbs N.V. (NYSE:JBS - Get Free Report) has been assigned an average rating of "Buy" from the nine brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and two have given 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 $20.00.

A number of equities analysts have recently issued reports on JBS shares. Barclays increased their price target on JBS from $22.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday, March 27th. Weiss Ratings raised JBS from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, February 4th. UBS Group raised JBS to a "strong-buy" rating in a research report on Friday, February 6th. Mizuho raised JBS to a "strong-buy" rating in a research report on Friday, April 10th. Finally, Zacks Research downgraded JBS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 10th.

Institutional Investors Weigh In On JBS

A number of institutional investors have recently added to or reduced their stakes in the stock. BNDES Participacoes S.A. bought a new stake in JBS during the fourth quarter valued at about $2,874,074,000. Davis Selected Advisers bought a new stake in JBS during the fourth quarter valued at about $170,945,000. Banco BTG Pactual S.A. bought a new stake in JBS during the third quarter valued at about $143,175,000. Ameriprise Financial Inc. boosted its position 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 purchasing an additional 6,555,634 shares in the last quarter. Finally, State Street Corp boosted its position in JBS by 5.6% during the fourth quarter. State Street Corp now owns 6,138,536 shares of the company's stock valued at $88,518,000 after purchasing an additional 327,364 shares in the last quarter.

JBS Price Performance

JBS opened at $17.78 on Thursday. JBS has a 12-month low of $12.37 and a 12-month high of $18.65. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 2.28. The business's fifty day simple moving average is $16.39 and its 200-day simple moving average is $14.90. The company has a market capitalization of $13.75 billion and a price-to-earnings ratio of 12.34.

JBS (NYSE:JBS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.25 by ($1.86). The firm had revenue of $23.06 billion during the quarter. The business's quarterly revenue was up 15.5% compared to the same quarter last year.

JBS Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, May 18th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 18th.

About JBS

JBS SA is a global leader in the production and processing of meat products, with a focus on beef, pork and poultry. Headquartered in São Paulo, Brazil, the company operates through an extensive network of owned facilities and partnerships that span the Americas, Europe and the Asia-Pacific region. JBS supplies fresh, frozen and value-added protein solutions for retail, foodservice and industrial customers, and is active across the entire supply chain—from livestock procurement and feed production to slaughtering, processing, packaging and distribution.

Founded in 1953 by José Batista Sobrinho in Anápolis, Goiás, JBS began as a small slaughterhouse and expanded rapidly through strategic acquisitions and organic growth.

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