JBS (NYSE:JBS) Shares Up 8% – What’s Next?

Jbs N.V. (NYSE:JBS)’s stock price shot up 8% during mid-day trading on Monday . The stock traded as high as $13.22 and last traded at $13.2570. 2,437,500 shares changed hands during trading, a decline of 57% from the average session volume of 5,654,051 shares. The stock had previously closed at $12.28.

Analyst Ratings Changes

Several equities research analysts recently weighed in on JBS shares. Weiss Ratings downgraded JBS from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Barclays lowered their target price on JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Mizuho raised JBS to a “strong-buy” rating in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. upgraded JBS from a “neutral” rating to an “overweight” rating and set a $18.00 price target on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, JBS currently has a consensus rating of “Buy” and a consensus price target of $18.75.

JBS Trading Up 2.6%

The stock has a market cap of $10.79 billion and a P/E ratio of 8.75. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 1.50. The firm’s fifty day simple moving average is $12.29 and its 200-day simple moving average is $14.69.

JBS (NYSE:JBS) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. Equities research analysts expect that Jbs N.V. will post 1.46 EPS for the current fiscal year.

Institutional Trading of JBS

Large investors have recently bought and sold shares of the business. Global Trust Asset Management LLC acquired a new position in shares of JBS in the 1st quarter valued at about $34,000. EverSource Wealth Advisors LLC acquired a new stake in JBS during the second quarter worth approximately $29,000. Los Angeles Capital Management LLC bought a new stake in JBS in the fourth quarter worth approximately $31,000. Quarry LP bought a new stake in JBS in the third quarter worth approximately $34,000. Finally, Rockefeller Capital Management L.P. lifted its stake in JBS by 50.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock valued at $54,000 after buying an additional 1,257 shares during the period.

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.