Jbs N.V. (NYSE:JBS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Jbs N.V. (NYSE:JBS) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $19.3750.

A number of equities analysts have recently weighed in on the company. Santander upgraded JBS from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 11th. Zacks Research raised JBS from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Mizuho set a $20.00 price objective on JBS in a research note on Tuesday, October 28th. The Goldman Sachs Group set a $18.50 target price on JBS in a research note on Wednesday, November 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of JBS in a report on Monday, December 29th.

Institutional Investors Weigh In On JBS

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new stake in shares of JBS in the 2nd quarter worth approximately $161,969,000. Banco BTG Pactual S.A. purchased a new stake in JBS in the third quarter worth $143,175,000. Ameriprise Financial Inc. raised its stake in shares of JBS by 23,891.7% in the third quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock valued at $98,285,000 after buying an additional 6,555,634 shares during the period. State Street Corp purchased a new position in shares of JBS during the 2nd quarter valued at $84,109,000. Finally, Alberta Investment Management Corp grew its stake in shares of JBS by 205.9% during the 3rd quarter. Alberta Investment Management Corp now owns 4,234,300 shares of the company’s stock worth $63,218,000 after acquiring an additional 2,850,000 shares during the period.

JBS Stock Up 2.6%

Shares of JBS stock opened at $14.32 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15. JBS has a 52-week low of $12.37 and a 52-week high of $17.80. The stock has a 50-day moving average price of $14.08.

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.