Stephens Cuts JBS (NYSE:JBS) Price Target to $17.00

JBS (NYSE:JBS) had its price target lowered by Stephens from $18.00 to $17.00 in a report published on Monday, Marketbeat Ratings reports. The firm currently has an overweight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of JBS from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their target price on shares of JBS from $18.00 to $17.50 and set an “overweight” rating for the company in a research note on Wednesday, August 12th. Zacks Research raised shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. UBS Group set a $17.00 price target on shares of JBS in a research report on Tuesday, May 19th. Finally, Wall Street Zen cut shares of JBS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $18.33.

JBS Stock Performance

NYSE JBS opened at $13.74 on Monday. The company has a 50-day simple moving average of $12.66 and a 200 day simple moving average of $14.55. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.77 and a current ratio of 1.53. JBS has a 52-week low of $11.49 and a 52-week high of $18.65. The company has a market capitalization of $10.67 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 4.21 and a beta of -1.65.

JBS (NYSE:JBS) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). The company had revenue of $23.90 billion during the quarter. JBS had a return on equity of 12.00% and a net margin of 1.22%.The company’s revenue was up 13.8% on a year-over-year basis. On average, research analysts predict that JBS will post 1.3 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in JBS. BNDES Participacoes S.A. bought a new stake in shares of JBS during the fourth quarter valued at about $2,874,074,000. Davis Selected Advisers purchased a new stake in shares of JBS in the fourth quarter worth about $170,945,000. Banco BTG Pactual S.A. bought a new position in shares of JBS in the third quarter valued at approximately $143,175,000. Arrowstreet Capital Limited Partnership boosted its position in shares of JBS by 117.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company’s stock valued at $138,072,000 after acquiring an additional 4,147,304 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in JBS by 23,891.7% during the third quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock valued at $98,285,000 after acquiring an additional 6,555,634 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.