Jbs N.V. (NYSE:JBS) Receives $19.38 Average Target Price from Brokerages

by · The Cerbat Gem

Jbs N.V. (NYSE:JBS – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $19.3750.

Several brokerages have recently issued reports on JBS. The Goldman Sachs Group set a $18.50 price objective on JBS in a research note on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of JBS in a research report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, October 14th. Mizuho set a $20.00 target price on JBS in a research report on Tuesday, October 28th. Finally, Santander upgraded JBS from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 11th.

Read Our Latest Stock Analysis on JBS

Institutional Trading of JBS

A number of institutional investors have recently modified their holdings of JBS. EverSource Wealth Advisors LLC acquired a new stake in shares of JBS in the 2nd quarter worth approximately $29,000. Quarry LP acquired a new position in shares of JBS during the 3rd quarter valued at $34,000. Jones Financial Companies Lllp boosted its holdings in JBS by 489.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock worth $39,000 after acquiring an additional 2,206 shares during the period. MAI Capital Management acquired a new stake in shares of JBS during the second quarter valued at about $44,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of JBS in the third quarter worth $44,000.

JBS Stock Up 1.2%

Shares of JBS stock opened at $13.74 on Tuesday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.76 and a current ratio of 1.54. The business’s fifty day simple moving average is $14.05. JBS has a 12-month low of $12.37 and a 12-month high of $17.80.

About JBS

(Get Free Report)

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.

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