JBS N.V. (NYSE:JBS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of JBS N.V. (NYSE:JBS) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $20.00.

A number of brokerages have recently issued reports on JBS. BMO Capital Markets assumed coverage on JBS in a research note on Thursday, June 26th. They set an “outperform” rating for the company. JPMorgan Chase & Co. raised their price objective on JBS from $20.50 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. Wall Street Zen downgraded JBS from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Zacks Research downgraded JBS from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Santander initiated coverage on JBS in a research note on Thursday, August 14th. They issued a “neutral” rating for the company.

Institutional Investors Weigh In On JBS

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC acquired a new stake in JBS during the 2nd quarter valued at $29,000. MAI Capital Management acquired a new stake in shares of JBS during the second quarter worth $44,000. CWM LLC acquired a new stake in shares of JBS during the second quarter worth $45,000. GAMMA Investing LLC acquired a new stake in shares of JBS during the second quarter worth $53,000. Finally, IFP Advisors Inc acquired a new stake in shares of JBS during the second quarter worth $57,000.

JBS Price Performance

Shares of JBS stock opened at $14.70 on Friday. The stock’s 50 day simple moving average is $15.01. JBS has a 12-month low of $12.83 and a 12-month high of $17.80. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15.

About JBS

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.