JBS (NYSE:JBS) Stock Price Down 9.6% - What's Next?

Key Points

• JBS shares fell 9.6% to about $11.25 on Thursday, with trading volume 11% below its average.
• Analysts maintain a Moderate Buy consensus and an average price target of $18.10, despite mixed target changes from brokerages.
• Quarterly EPS was $0.16, missing the $0.26 consensus estimate; revenue rose 0.6% year over year to $22.74 billion.

Jbs N.V. (NYSE:JBS - Get Free Report) dropped 9.6% during trading on Thursday. The stock traded as low as $11.39 and last traded at $11.2530. 5,201,500 shares were traded during trading, a decline of 11% from the average daily volume of 5,858,744 shares. The stock had previously closed at $12.45.

Analysts Set New Price Targets

A number of brokerages have weighed in on JBS. JPMorgan Chase & Co. cut 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 Thursday, October 22nd. UBS Group boosted their price target 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 dropped their price target on shares of JBS from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Monday, August 17th. Weiss Ratings raised shares of JBS from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, October 30th. Finally, Wall Street Zen downgraded JBS from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $18.10.

JBS Trading Down 6.6%

The company has a debt-to-equity ratio of 2.58, a current ratio of 1.56 and a quick ratio of 0.77. The stock has a market cap of $9.03 billion, a P/E ratio of 17.90, a PEG ratio of 3.32 and a beta of -1.54. The firm's fifty day moving average price is $12.36 and its two-hundred day moving average price is $13.99.

JBS (NYSE:JBS - Get Free Report) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.10). JBS had a net margin of 0.76% and a return on equity of 7.62%. The business had revenue of $22.74 billion for the quarter. During the same period last year, the company earned $0.54 earnings per share. The business's revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities research analysts forecast that Jbs N.V. will post 1.01 EPS for the current year.

Insider Activity

In other news, CFO Guilherme Cavalcanti sold 183,501 shares of the business's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $13.85, for a total transaction of $2,541,488.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On JBS

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP purchased a new stake in shares of JBS during the 3rd quarter valued at $8,758,000. Advisors Asset Management Inc. purchased a new position in JBS in the third quarter worth $204,000. Ieq Capital LLC bought a new position in JBS in the third quarter valued at $499,000. Voya Investment Management LLC increased its stake in JBS by 120.1% in the third quarter. Voya Investment Management LLC now owns 111,474 shares of the company's stock valued at $1,259,000 after acquiring an additional 60,833 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in JBS by 5,741.7% in the third quarter. Global Retirement Partners LLC now owns 8,412 shares of the company's stock valued at $95,000 after acquiring an additional 8,268 shares during the last quarter.

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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