JBS (NYSE:JBS) Hits New 1-Year Low – Should You Sell?

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JBS. Weiss Ratings upgraded JBS from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, September 18th. Barclays dropped their target price on JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. UBS Group upped their price target on shares of JBS from $17.00 to $17.50 and gave the company a “buy” rating in a research note on Monday, August 24th. Zacks Research raised shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Stephens cut their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, JBS presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.42.

JBS Price Performance

The company has a current ratio of 1.53, a quick ratio of 0.77 and a debt-to-equity ratio of 2.51. The business’s 50-day simple moving average is $13.07 and its two-hundred day simple moving average is $13.95. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 11.16, a P/E/G ratio of 4.44 and a beta of -1.67.

JBS (NYSE:JBS) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.12). JBS had a return on equity of 12.00% and a net margin of 1.22%.The business had revenue of $23.90 billion during the quarter. JBS’s revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, research analysts expect that Jbs N.V. will post 1.08 EPS for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On JBS

Several institutional investors have recently modified their holdings of JBS. Global Trust Asset Management LLC bought a new stake in shares of JBS in the first quarter valued at $34,000. Rockefeller Capital Management L.P. raised its stake in JBS by 50.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock valued at $54,000 after acquiring an additional 1,257 shares during the period. Atlas Brown Inc. bought a new stake in JBS in the 2nd quarter valued at about $118,000. Janney Montgomery Scott LLC purchased a new stake in JBS during the first quarter valued at about $236,000. Finally, PNC Financial Services Group Inc. boosted its position in JBS by 24.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,154 shares of the company’s stock worth $233,000 after purchasing an additional 3,217 shares during the period.

About JBS

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.