JBS (NYSE:JBS) Reaches New 1-Year High - Should You Buy?

Key Points

• JBS shares hit a new 52-week high of $17.80 (last $17.775) on Tuesday with about 3.95 million shares traded; the company has a market cap of roughly $13.9 billion and a P/E of 17.09.
• Analysts are mostly bullish—one Strong Buy, six Buy and one Hold—giving JBS an average rating of Buy and an average price target of $20.00.
• Operationally, JBS missed quarterly EPS ($0.39 vs. $2.25 estimate) despite revenue growing 15.5% year-over-year, and it declared a $1.00 dividend payable June 17 (ex-dividend May 18).

Jbs N.V. (NYSE:JBS - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $17.80 and last traded at $17.7750, with a volume of 3952585 shares traded. The stock had previously closed at $17.34.

Analysts Set New Price Targets

Several research firms have recently weighed in on JBS. UBS Group raised shares of JBS to a "strong-buy" rating in a research note on Friday, February 6th. Santander raised JBS from a "neutral" rating to an "outperform" rating in a research note on Thursday, December 11th. Zacks Research lowered JBS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 10th. Barclays raised their price objective on JBS from $22.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Weiss Ratings raised shares of JBS from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $20.00.

JBS Price Performance

The company has a market capitalization of $13.88 billion and a PE ratio of 17.09. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.60 and a quick ratio of 0.91. The stock's 50 day simple moving average is $15.83 and its 200-day simple moving average is $14.68.

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

JBS Announces Dividend

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

Institutional Investors Weigh In On JBS

Several large investors have recently bought and sold shares of JBS. APG Asset Management N.V. purchased a new stake in shares of JBS in the 3rd quarter valued at approximately $2,013,000. Keybank National Association OH acquired a new stake in JBS in the third quarter valued at $543,000. Tudor Investment Corp ET AL purchased a new stake in JBS during the 3rd quarter worth about $1,183,000. Jefferies Financial Group Inc. acquired a new position in shares of JBS during the 3rd quarter worth about $970,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of JBS by 199.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 803,813 shares of the company's stock valued at $12,001,000 after acquiring an additional 535,463 shares during the last quarter.

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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