JBS (NYSE:JBS) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of JBS (NYSE:JBS) from a sell rating to a hold rating in a research note issued to investors on Sunday.

Other analysts have also recently issued reports about the company. Barclays cut their price target on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Mizuho upgraded JBS to a “strong-buy” rating in a report on Friday, April 10th. JPMorgan Chase & Co. upgraded JBS from a “neutral” rating to an “overweight” rating and set a $18.00 target price for the company in a research note on Tuesday, July 28th. Weiss Ratings downgraded JBS from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, UBS Group set a $17.00 price target on shares of JBS in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, JBS presently has a consensus rating of “Buy” and a consensus price target of $18.75.

JBS Stock Down 0.1%

JBS stock opened at $14.01 on Friday. The firm has a market capitalization of $10.87 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.84 and a beta of -1.66. The company has a current ratio of 1.50, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42. JBS has a twelve month low of $11.49 and a twelve month high of $18.65. The stock’s fifty day simple moving average is $12.35 and its 200-day simple moving average is $14.70.

JBS (NYSE:JBS) last released its earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). JBS had a net margin of 1.98% and a return on equity of 19.28%. The company had revenue of $21.61 billion during the quarter. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities analysts expect that JBS will post 1.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JBS

Several institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC purchased a new position in JBS in the 2nd quarter valued at $29,000. Los Angeles Capital Management LLC purchased a new stake in shares of JBS in the fourth quarter valued at about $31,000. Global Trust Asset Management LLC acquired a new position in shares of JBS during the first quarter worth about $34,000. Quarry LP purchased a new position in JBS during the third quarter worth about $34,000. Finally, Rockefeller Capital Management L.P. lifted its position in JBS by 50.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock valued at $54,000 after purchasing an additional 1,257 shares during the period.

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.