JBS (NYSE:JBS) Hits New 12-Month Low – Should You Sell?

Shares of Jbs N.V. (NYSE:JBS) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $11.49 and last traded at $11.4650, with a volume of 2266402 shares trading hands. The stock had previously closed at $11.90.

Analyst Ratings Changes

A number of brokerages have recently commented on JBS. JPMorgan Chase & Co. cut their target price on JBS from $18.00 to $17.50 and set an “overweight” rating on the stock in a research 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 research note on Thursday, July 16th. UBS Group boosted their price objective on shares of JBS from $17.00 to $17.50 and gave the company a “buy” rating in a research report on Monday, August 24th. Stephens lowered their target price on shares of JBS from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Finally, Zacks Research raised shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.42.

JBS Trading Down 3.4%

The stock’s 50-day moving average price is $13.09 and its 200 day moving average price is $14.01. 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 firm has a market capitalization of $8.92 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 4.49 and a beta of -1.67.

JBS (NYSE:JBS) last announced its quarterly earnings results 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 net margin of 1.22% and a return on equity of 12.00%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, sell-side analysts expect that Jbs N.V. will post 1.08 EPS for the current fiscal year.

Insider Activity

In other news, CFO Guilherme Cavalcanti sold 183,501 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $13.85, for a total transaction of $2,541,488.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Institutional Investors Weigh In On JBS

Several large investors have recently modified their holdings of JBS. Arrowstreet Capital Limited Partnership lifted its position in shares of JBS by 117.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company’s stock worth $138,072,000 after purchasing an additional 4,147,304 shares during the period. Alberta Investment Management Corp lifted its holdings in JBS by 9.2% during the fourth quarter. Alberta Investment Management Corp now owns 4,622,500 shares of the company’s stock worth $66,656,000 after buying an additional 388,200 shares during the period. Bank of America Corp DE boosted its position in JBS by 11.6% during the 1st quarter. Bank of America Corp DE now owns 2,782,983 shares of the company’s stock valued at $49,982,000 after acquiring an additional 289,771 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of JBS in the 2nd quarter valued at $21,866,000. Finally, Brandes Investment Partners LP bought a new position in shares of JBS in the 4th quarter worth $24,209,000.

JBS Company Profile

JBS SA is a Brazil-based global food company that produces and sells animal-protein and prepared-food products. Its portfolio includes beef, pork, poultry, lamb, plant-based foods and value-added prepared meals, along with leather and other products derived from its processing operations.

Founded in 1953 by José Batista Sobrinho in Anápolis, Brazil, JBS has expanded from a local cattle-processing business into one of the world’s largest protein companies. Its operations and products serve customers in Brazil and international markets across North America, South America, Europe, Asia, Africa and Australia.

JBS markets products under brands that include Friboi, Seara, Swift, Pilgrim’s, Primo and 1855, although brand availability varies by country and product category.