Wall Street Zen Downgrades JBS (NYSE:JBS) to Sell

Key Points

• Wall Street Zen downgraded JBS from “hold” to “sell,” despite MarketBeat’s broader analyst consensus remaining “Buy” with an average price target of $18.60.
• JBS reported quarterly EPS of $0.20, missing the $0.32 consensus estimate by $0.12, although revenue rose 13.8% year over year to $23.90 billion.
• Shares opened at $13.64, below the 200-day moving average of $14.60; the stock has traded between $11.49 and $18.65 over the past year and carries a debt-to-equity ratio of 2.51.

JBS (NYSE:JBS - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

JBS has been the topic of a number of other research reports. JPMorgan Chase & Co. dropped their price target on JBS from $18.00 to $17.50 and set an "overweight" rating on the stock in a research note on Wednesday. UBS Group set a $17.00 price objective on shares of JBS in a research report on Tuesday, May 19th. Zacks Research upgraded shares of JBS from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Barclays dropped their price objective on shares of JBS from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th. Finally, Weiss Ratings cut shares of JBS from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $18.60.

JBS Price Performance

Shares of JBS opened at $13.64 on Friday. The stock has a market capitalization of $10.59 billion, a P/E ratio of 13.37, a P/E/G ratio of 4.36 and a beta of -1.65. JBS has a twelve month low of $11.49 and a twelve month high of $18.65. The company has a 50 day moving average of $12.55 and a 200-day moving average of $14.60. The company has a quick ratio of 0.77, a current ratio of 1.53 and a debt-to-equity ratio of 2.51.

JBS (NYSE:JBS - Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.20 earnings per share (EPS) 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 business's quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities research analysts forecast that JBS will post 1.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of JBS by 34.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 455,300 shares of the company's stock valued at $6,456,000 after purchasing an additional 117,500 shares in the last quarter. Spectrum Strategic Capital Management LLC bought a new position in JBS in the 4th quarter valued at approximately $1,204,000. Arrowstreet Capital Limited Partnership boosted its position in JBS by 117.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company's stock valued at $138,072,000 after buying an additional 4,147,304 shares in the last quarter. Davis Selected Advisers bought a new stake in shares of JBS during the fourth quarter worth $170,945,000. Finally, Hsbc Holdings PLC increased its holdings in shares of JBS by 113.6% during the first quarter. Hsbc Holdings PLC now owns 189,000 shares of the company's stock worth $3,375,000 after buying an additional 100,533 shares in the last quarter.

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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