JBS (NYSE:JBS) Stock Price Breaks Below 50-Day Moving Average - Time to Sell?

Key Points

• JBS shares fell below their 50-day moving average of $12.32, trading as low as $11.17 and last quoted at $11.892; the stock was down 4.5% in the report.
• The company reported quarterly EPS of $0.16, missing the $0.26 consensus and down from $0.54 a year earlier, while revenue rose 0.6% year over year to $22.74 billion.
• Analysts’ overall view remained moderately positive, with an average rating of “Moderate Buy” and an average price target of $18.10, despite some recent target cuts and a downgrade to Sell.

Jbs N.V. (NYSE:JBS - Get Free Report) shares passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $12.32 and traded as low as $11.17. JBS shares last traded at $11.8920, with a volume of 20,366,746 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently commented on JBS shares. JPMorgan Chase & Co. lowered their price target on JBS from $18.00 to $17.50 and set an "overweight" rating on the stock in a report on Thursday, October 22nd. Wall Street Zen lowered shares of JBS from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. UBS Group lifted their price objective on shares of JBS from $17.00 to $17.50 and gave the company a "buy" rating in a research report on Monday, August 24th. Stephens lowered their target price on shares of JBS from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Monday, August 17th. Finally, Barclays lowered their target price on shares of JBS from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, JBS currently has an average rating of "Moderate Buy" and an average price target of $18.10.

JBS Trading Down 4.5%

The firm has a market cap of $9.24 billion, a P/E ratio of 18.30, a P/E/G ratio of 3.33 and a beta of -1.54. The stock has a 50 day simple moving average of $12.32 and a 200-day simple moving average of $13.97. The company has a current ratio of 1.56, a quick ratio of 0.77 and a debt-to-equity ratio of 2.58.

JBS (NYSE:JBS - Get Free Report) last posted its earnings results on Monday, November 9th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.10). JBS had a net margin of 0.76% and a return on equity of 7.62%. The firm had revenue of $22.74 billion for the quarter. During the same period in the prior year, the company earned $0.54 EPS. The business's revenue was up .6% on a year-over-year basis. On average, equities research analysts expect that Jbs N.V. will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Guilherme Cavalcanti sold 183,501 shares of the company's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $13.85, for a total transaction of $2,541,488.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On JBS

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC increased its holdings in shares of JBS by 5,741.7% in the 3rd quarter. Global Retirement Partners LLC now owns 8,412 shares of the company's stock worth $95,000 after buying an additional 8,268 shares during the last quarter. Atlas Brown Inc. bought a new position in shares of JBS in the 2nd quarter valued at about $118,000. North Dakota State Investment Board bought a new position in shares of JBS in the 3rd quarter valued at about $115,000. Sowell Financial Services LLC bought a new position in shares of JBS in the 3rd quarter valued at about $115,000. Finally, Cidel Asset Management Inc. purchased a new position in JBS in the third quarter worth about $117,000.

About JBS

JBS S.A. is a global food company focused on processing beef, pork, poultry and lamb. Its products include fresh and frozen meat, prepared and packaged foods, and value-added food products sold under brands such as Swift, Pilgrim's and Seara. The company also produces ingredients and other products from animal byproducts, including leather and collagen. Founded in 1953 in Anápolis, Brazil, JBS has grown into an international business with operations across the Americas, Europe, Australia and other markets.

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