Shares of Jbs N.V. (NYSE:JBS – Get Free Report) hit a new 52-week low on Monday . The company traded as low as $11.71 and last traded at $11.6750, with a volume of 1019370 shares trading hands. The stock had previously closed at $12.24.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on JBS shares. Barclays reduced their price objective on JBS from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Weiss Ratings cut JBS from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. UBS Group set a $17.00 price target on shares of JBS in a report on Tuesday, May 19th. Mizuho raised shares of JBS to a “strong-buy” rating in a report on Friday, April 10th. Finally, JPMorgan Chase & Co. downgraded shares of JBS from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $20.50 to $18.50 in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, JBS currently has an average rating of “Buy” and an average target price of $19.00.
View Our Latest Research Report on JBS
JBS Trading Down 5.7%
JBS (NYSE:JBS – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). JBS had a net margin of 1.98% and a return on equity of 19.28%. The firm had revenue of $21.61 billion for the quarter. JBS’s quarterly revenue was up 10.7% compared to the same quarter last year. Research analysts predict that Jbs N.V. will post 1.45 earnings per share for the current year.
JBS Announces Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, May 18th will be given a dividend of $1.00 per share. The ex-dividend date is Monday, May 18th. JBS’s payout ratio is currently 62.89%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in JBS. Rhumbline Advisers acquired a new position in JBS during the second quarter valued at approximately $203,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of JBS during the second quarter worth $5,490,000. EverSource Wealth Advisors LLC bought a new stake in shares of JBS during the second quarter worth $29,000. First Trust Advisors LP bought a new stake in shares of JBS during the second quarter worth $1,419,000. Finally, Marshall Wace LLP bought a new stake in shares of JBS during the second quarter worth $5,206,000.
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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