Pinnacle Wealth Planning Services Inc. Purchases New Shares in Jbs N.V. $JBS

Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Jbs N.V. (NYSE:JBS) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 14,435 shares of the company’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBS. CWM LLC bought a new position in shares of JBS in the second quarter worth about $45,000. GAMMA Investing LLC acquired a new stake in shares of JBS in the second quarter valued at approximately $53,000. IFP Advisors Inc bought a new position in JBS in the 2nd quarter worth approximately $57,000. Blue Trust Inc. acquired a new position in JBS during the 2nd quarter worth $96,000. Finally, Quinn Opportunity Partners LLC bought a new position in JBS in the 2nd quarter valued at $146,000.

Analysts Set New Price Targets

JBS has been the subject of a number of recent research reports. Santander started coverage on JBS in a research report on Thursday, August 14th. They set a “neutral” rating for the company. Wall Street Zen cut JBS from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Mizuho set a $20.00 target price on shares of JBS in a research report on Tuesday, October 28th. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of JBS in a research note on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, JBS currently has an average rating of “Moderate Buy” and a consensus price target of $19.67.

JBS Price Performance

NYSE:JBS opened at $13.62 on Friday. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15. Jbs N.V. has a 1-year low of $12.37 and a 1-year high of $17.80. The firm has a 50-day moving average of $13.78.

JBS (NYSE:JBS) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $2.74 by ($2.22). The company’s quarterly revenue was up 13.4% compared to the same quarter last year.

JBS Company Profile

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.