JBS (NYSE:JBS) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of JBS (NYSE:JBS) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday,Zacks.com reports.

JBS has been the topic of several other research reports. Weiss Ratings upgraded shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Barclays raised their target price on shares of JBS from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. Mizuho upgraded shares of JBS to a “strong-buy” rating in a report on Friday, April 10th. Finally, UBS Group upgraded shares of JBS to a “strong-buy” rating in a report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $20.00.

JBS Trading Down 1.6%

Shares of JBS stock opened at $17.78 on Tuesday. JBS has a 12-month low of $12.37 and a 12-month high of $18.65. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 2.28. The firm’s 50 day moving average is $16.39 and its 200 day moving average is $14.90. The stock has a market capitalization of $13.75 billion and a P/E ratio of 12.34.

JBS (NYSE:JBS) last issued its earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($1.86). The company had revenue of $23.06 billion for the quarter. JBS’s revenue was up 15.5% on a year-over-year basis.

JBS Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Steadtrust LLC boosted its stake in shares of JBS by 0.5% during the 4th quarter. Steadtrust LLC now owns 173,630 shares of the company’s stock worth $2,504,000 after acquiring an additional 800 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of JBS by 0.6% during the 3rd quarter. Capital Research Global Investors now owns 145,352 shares of the company’s stock worth $2,186,000 after acquiring an additional 839 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of JBS by 7.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock worth $188,000 after acquiring an additional 908 shares during the last quarter. Dodge & Cox boosted its stake in shares of JBS by 6.3% during the 4th quarter. Dodge & Cox now owns 16,950 shares of the company’s stock worth $244,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of JBS by 41.9% during the 4th quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock worth $60,000 after acquiring an additional 1,223 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.