JBS (NYSE:JBS – Get Free Report) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from $18.00 to $17.50 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 45.32% from the company’s current price.
Several other equities research analysts have also recently issued reports on JBS. Barclays reduced their target price on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Stephens cut their price target on JBS from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Wall Street Zen downgraded JBS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings downgraded JBS from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 15th. Finally, UBS Group increased their target price on JBS from $17.00 to $17.50 and gave the company a “buy” rating in a research report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.42.
Read Our Latest Stock Analysis on JBS
JBS Price Performance
JBS stock traded down $0.43 during midday trading on Thursday, hitting $12.04. The company’s stock had a trading volume of 526,890 shares, compared to its average volume of 5,698,394. JBS has a 12 month low of $10.61 and a 12 month high of $18.65. The company has a 50 day moving average of $12.71 and a two-hundred day moving average of $13.47. The company has a quick ratio of 0.77, a current ratio of 1.53 and a debt-to-equity ratio of 2.51. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 3.17 and a beta of -1.44.
JBS (NYSE:JBS – Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.12). The company had revenue of $23.90 billion for the quarter. JBS had a net margin of 1.22% and a return on equity of 12.00%. JBS’s revenue was up 13.8% compared to the same quarter last year. On average, analysts expect that JBS will post 1.09 EPS for the current year.
Insider Activity at JBS
In related news, CFO Guilherme Cavalcanti sold 183,501 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $13.85, for a total value of $2,541,488.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Institutional Investors Weigh In On JBS
Large investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership raised its position in JBS by 117.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company’s stock valued at $138,072,000 after purchasing an additional 4,147,304 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of JBS in the 2nd quarter valued at approximately $21,866,000. SG Americas Securities LLC boosted its holdings in shares of JBS by 114.4% in the 1st quarter. SG Americas Securities LLC now owns 746,785 shares of the company’s stock worth $13,412,000 after purchasing an additional 398,435 shares during the period. Bank of America Corp DE boosted its holdings in shares of JBS by 11.6% in the 1st quarter. Bank of America Corp DE now owns 2,782,983 shares of the company’s stock worth $49,982,000 after purchasing an additional 289,771 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of JBS by 159.8% during the 2nd quarter. Wellington Management Group LLP now owns 222,086 shares of the company’s stock valued at $2,632,000 after purchasing an additional 136,593 shares during the last quarter.
About JBS
JBS SA is a Brazil-based global food company engaged primarily in the processing and marketing of animal protein. Its operations include beef, pork, poultry and prepared foods, with products sold through retail, foodservice and industrial channels.
The company offers fresh and frozen meats, processed and ready-to-eat foods, and branded products marketed under names that include JBS, Swift, Friboi, Seara and Pilgrim’s. JBS also has businesses involved in leather, collagen, animal by-products and other food-related products, supporting an integrated approach to the protein supply chain.
Founded in 1953 by José Batista Sobrinho in Anápolis, Brazil, JBS has expanded from a local beef processor into an international food company.
Read More
- Five stocks we like better than JBS
- Meta Bounces Back in Q3, But the Bigger Test Comes in 2027
- There’s a New Q in Town: Invesco’s ETF Targets International Innovators
- Boarding Now—GE Aerospace’s Earnings Beat Comes With a Catch
- AI Spending Is Surging—But Which Stocks Still Win if It Slows Down?
Receive News & Ratings for JBS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JBS and related companies with MarketBeat.com's FREE daily email newsletter.
