Jbs N.V. (NYSE:JBS) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• JBS has a consensus “Buy” rating among eight analysts: four recommend buying, two rate it a strong buy, and two advise holding. The average 12-month price target is $18.33 versus a recent share price of $13.70.
• Several analysts remain positive but have lowered their price targets, including Barclays to $20, Stephens to $17, and JPMorgan to $17.50. Meanwhile, multiple institutional investors initiated positions during the second quarter.
• JBS reported quarterly revenue of $23.90 billion, up 13.8% year over year, but earnings per share of $0.20 missed the $0.32 consensus estimate. Analysts expect the company to post approximately $1.30 in full-year EPS.

Shares of Jbs N.V. (NYSE:JBS - Get Free Report) have received a consensus recommendation of "Buy" from the eight analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $18.3333.

A number of equities research analysts have issued reports on JBS shares. Weiss Ratings downgraded JBS from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, July 29th. Barclays cut their price objective on JBS from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Thursday, July 16th. Stephens reduced their price objective on JBS from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Monday. Zacks Research upgraded JBS from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of JBS from $18.00 to $17.50 and set an "overweight" rating for the company in a research report on Wednesday, August 12th.

Institutional Investors Weigh In On JBS

Large investors have recently made changes to their positions in the business. Rhumbline Advisers purchased a new position in shares of JBS in the 2nd quarter valued at $203,000. Arrowstreet Capital Limited Partnership purchased a new position in JBS in the second quarter valued at about $5,490,000. EverSource Wealth Advisors LLC purchased a new position in JBS in the second quarter valued at about $29,000. First Trust Advisors LP acquired a new position in shares of JBS during the second quarter worth about $1,419,000. Finally, Marshall Wace LLP acquired a new position in shares of JBS during the second quarter worth about $5,206,000.

JBS Stock Performance

Shares of JBS stock opened at $13.70 on Wednesday. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.77 and a current ratio of 1.53. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 4.21 and a beta of -1.66. JBS has a one year low of $11.49 and a one year high of $18.65. The company has a 50 day moving average price of $12.62 and a 200 day moving average price of $14.56.

JBS (NYSE:JBS - Get Free Report) last announced its quarterly 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). The company had revenue of $23.90 billion during the quarter. JBS had a net margin of 1.22% and a return on equity of 12.00%. The company's revenue for the quarter was up 13.8% on a year-over-year basis. Sell-side analysts anticipate that JBS will post 1.3 EPS for the current year.

JBS Company Profile

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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