Jbs N.V. (NYSE:JBS – Get Free Report) has been given an average rating of “Buy” by the eight analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $18.75.
JBS has been the subject of several recent analyst reports. Barclays lowered their target price on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Weiss Ratings cut JBS from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Mizuho raised JBS to a “strong-buy” rating in a research report on Friday, April 10th. Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, UBS Group set a $17.00 target price on JBS in a research note on Tuesday, May 19th.
Read Our Latest Stock Analysis on JBS
JBS Stock Down 2.0%
JBS (NYSE:JBS – Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). The company had revenue of $21.61 billion for the quarter. JBS had a return on equity of 19.28% and a net margin of 1.98%.The firm’s quarterly revenue was up 10.7% on a year-over-year basis. On average, research analysts expect that JBS will post 1.46 earnings per share for the current fiscal year.
Hedge Funds Weigh In On JBS
A number of large investors have recently modified their holdings of JBS. Global Trust Asset Management LLC acquired a new position in shares of JBS during the 1st quarter valued at $34,000. EverSource Wealth Advisors LLC purchased a new position in JBS in the second quarter valued at about $29,000. Los Angeles Capital Management LLC purchased a new position in JBS in the fourth quarter valued at about $31,000. Quarry LP acquired a new position in shares of JBS during the third quarter worth about $34,000. Finally, Rockefeller Capital Management L.P. boosted its position in shares of JBS by 50.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock worth $54,000 after buying an additional 1,257 shares during the period.
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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