JBS (NYSE:JBS) Downgraded by Zacks Research to “Strong Sell”

JBS (NYSE:JBS) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

JBS has been the topic of several other research reports. Barclays lifted their target price on JBS from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. Mizuho raised JBS to a “strong-buy” rating in a research note on Friday, April 10th. Weiss Ratings raised JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Finally, UBS Group raised JBS to a “strong-buy” rating in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, JBS has an average rating of “Buy” and a consensus target price of $20.00.

JBS Stock Down 1.6%

Shares of JBS stock opened at $17.78 on Tuesday. The business’s fifty day moving average price is $16.39 and its two-hundred day moving average price is $14.90. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.60 and a quick ratio of 0.91. The company has a market capitalization of $13.75 billion and a P/E ratio of 12.34. JBS has a 1-year low of $12.37 and a 1-year high of $18.65.

JBS (NYSE:JBS) last announced its earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($1.86). The business had revenue of $23.06 billion during the quarter. The business’s quarterly revenue was up 15.5% compared to the same quarter last year.

Institutional Trading of JBS

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Steadtrust LLC raised its stake in shares of JBS by 0.5% in the 4th quarter. Steadtrust LLC now owns 173,630 shares of the company’s stock worth $2,504,000 after buying an additional 800 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of JBS by 0.6% during the 3rd quarter. Capital Research Global Investors now owns 145,352 shares of the company’s stock worth $2,186,000 after acquiring an additional 839 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of JBS by 7.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock worth $188,000 after acquiring an additional 908 shares in the last quarter. Dodge & Cox boosted its stake in shares of JBS by 6.3% during the 4th quarter. Dodge & Cox now owns 16,950 shares of the company’s stock worth $244,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of JBS by 41.9% during the 4th quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock worth $60,000 after acquiring an additional 1,223 shares in 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.