JBS (NYSE:JBS) Rating Lowered to “Sell” at Wall Street Zen

JBS (NYSE:JBS) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

JBS has been the subject of several other reports. Weiss Ratings downgraded shares of JBS from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 29th. UBS Group set a $17.00 price objective on shares of JBS in a research note on Tuesday, May 19th. JPMorgan Chase & Co. dropped their price objective on shares of JBS from $18.00 to $17.50 and set an “overweight” rating for the company in a report on Wednesday, August 12th. Barclays dropped their price objective on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Finally, Zacks Research raised JBS from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, JBS presently has a consensus rating of “Buy” and an average price target of $18.60.

JBS Stock Performance

JBS stock opened at $13.64 on Friday. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.53 and a quick ratio of 0.77. The stock has a fifty day moving average price of $12.55 and a two-hundred day moving average price of $14.59. JBS has a 52-week low of $11.49 and a 52-week high of $18.65. The firm has a market capitalization of $10.59 billion, a P/E ratio of 13.37, a P/E/G ratio of 4.21 and a beta of -1.66.

JBS (NYSE:JBS) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). JBS had a net margin of 1.22% and a return on equity of 12.00%. The company had revenue of $23.90 billion for the quarter. JBS’s revenue was up 13.8% compared to the same quarter last year. As a group, analysts anticipate that JBS will post 1.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBS. PNC Financial Services Group Inc. lifted its position in shares of JBS by 5.4% during the first quarter. PNC Financial Services Group Inc. now owns 17,021 shares of the company’s stock worth $306,000 after purchasing an additional 867 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of JBS by 7.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock valued at $188,000 after purchasing an additional 908 shares in the last quarter. Dodge & Cox increased its holdings in shares of JBS by 6.3% in the fourth quarter. Dodge & Cox now owns 16,950 shares of the company’s stock valued at $244,000 after purchasing an additional 1,000 shares in the last quarter. Farther Finance Advisors LLC raised its position in JBS by 41.9% in the 4th quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock worth $60,000 after purchasing an additional 1,223 shares during the last quarter. Finally, US Bancorp DE raised its position in JBS by 10.0% in the 3rd quarter. US Bancorp DE now owns 13,497 shares of the company’s stock worth $202,000 after purchasing an additional 1,225 shares during the last quarter.

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.