Stephens Cuts JBS (NYSE:JBS) Price Target to $17.00

JBS (NYSE:JBS) had its price target cut by Stephens from $18.00 to $17.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Stephens’ price target would suggest a potential upside of 24.64% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. UBS Group set a $17.00 target price on JBS in a research note on Tuesday, May 19th. JPMorgan Chase & Co. dropped their price target on JBS from $18.00 to $17.50 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. Wall Street Zen downgraded JBS from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings lowered JBS from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $18.33.

JBS Stock Down 0.1%

JBS opened at $13.64 on Monday. JBS has a fifty-two week low of $11.49 and a fifty-two week high of $18.65. The firm has a market capitalization of $10.59 billion, a P/E ratio of 13.37, a PEG ratio of 4.21 and a beta of -1.65. The company’s 50-day moving average is $12.55 and its 200 day moving average is $14.59. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.53 and a quick ratio of 0.77.

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). The firm had revenue of $23.90 billion during the quarter. JBS had a return on equity of 12.00% and a net margin of 1.22%.The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. Research analysts expect that JBS will post 1.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JBS

Several institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in JBS by 34.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 455,300 shares of the company’s stock worth $6,456,000 after buying an additional 117,500 shares during the last quarter. Spectrum Strategic Capital Management LLC purchased a new position in shares of JBS during the 4th quarter valued at $1,204,000. Arrowstreet Capital Limited Partnership grew its stake in shares of JBS by 117.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company’s stock worth $138,072,000 after acquiring an additional 4,147,304 shares during the period. Hsbc Holdings PLC grew its stake in shares of JBS by 113.6% during the 1st quarter. Hsbc Holdings PLC now owns 189,000 shares of the company’s stock worth $3,375,000 after acquiring an additional 100,533 shares during the period. Finally, Davis Selected Advisers purchased a new stake in JBS in the 4th quarter worth about $170,945,000.

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.