Brokerages Set Jbs N.V. (NYSE:JBS) Target Price at $19.38

Jbs N.V. (NYSE:JBS) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $19.3750.

A number of equities analysts have weighed in on JBS shares. Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. The Goldman Sachs Group set a $18.50 target price on shares of JBS in a research note on Wednesday, November 26th. JPMorgan Chase & Co. lowered their price target on shares of 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 price objective on shares of JBS in a report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of JBS in a research report on Monday, December 29th.

JBS Stock Performance

Shares of JBS opened at $13.95 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. JBS has a 12 month low of $12.37 and a 12 month high of $17.80. The stock’s 50-day moving average is $14.07.

Institutional Trading of JBS

Institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors grew its holdings in JBS by 0.6% during the 3rd quarter. Capital Research Global Investors now owns 145,352 shares of the company’s stock worth $2,186,000 after acquiring an additional 839 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of JBS by 8.9% during the third quarter. Sequoia Financial Advisors LLC now owns 12,095 shares of the company’s stock worth $181,000 after purchasing an additional 991 shares during the last quarter. US Bancorp DE grew its stake in JBS by 10.0% in the third quarter. US Bancorp DE now owns 13,497 shares of the company’s stock worth $202,000 after purchasing an additional 1,225 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in JBS in the second quarter valued at about $29,000. Finally, Jones Financial Companies Lllp raised its stake in JBS by 489.1% during the third quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock valued at $39,000 after buying an additional 2,206 shares in the last quarter.

JBS Company Profile

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.