JBS (NYSE:JBS) Reaches New 1-Year Low – Time to Sell?

Jbs N.V. (NYSE:JBS)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $11.71 and last traded at $11.6750, with a volume of 1019370 shares changing hands. The stock had previously closed at $12.24.

Analysts Set New Price Targets

JBS has been the subject of several research reports. JPMorgan Chase & Co. lowered JBS from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $20.50 to $18.50 in a report on Thursday, May 14th. Weiss Ratings lowered JBS from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Mizuho upgraded JBS to a “strong-buy” rating in a report on Friday, April 10th. UBS Group set a $17.00 target price on JBS in a report on Tuesday, May 19th. Finally, Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, JBS currently has an average rating of “Buy” and a consensus target price of $19.00.

JBS Trading Up 2.0%

The stock has a market capitalization of $9.20 billion and a price-to-earnings ratio of 7.46. The company has a fifty day moving average of $15.42 and a two-hundred day moving average of $15.23. The company has a current ratio of 1.50, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42.

JBS (NYSE:JBS) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). JBS had a return on equity of 19.28% and a net margin of 1.98%.The business had revenue of $21.61 billion for the quarter. JBS’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, research analysts expect that Jbs N.V. will post 1.45 EPS for the current year.

JBS Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, May 18th will be issued a dividend of $1.00 per share. The ex-dividend date is Monday, May 18th. JBS’s payout ratio is 62.89%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Steadtrust LLC lifted its holdings in shares of JBS by 0.5% during the fourth quarter. Steadtrust LLC now owns 173,630 shares of the company’s stock worth $2,504,000 after buying an additional 800 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of JBS by 0.6% during the third quarter. Capital Research Global Investors now owns 145,352 shares of the company’s stock worth $2,186,000 after buying an additional 839 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of JBS by 5.4% during the first quarter. PNC Financial Services Group Inc. now owns 17,021 shares of the company’s stock valued at $306,000 after purchasing an additional 867 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of JBS by 7.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock valued at $188,000 after purchasing an additional 908 shares during the period. Finally, Dodge & Cox increased its position in shares of JBS by 6.3% during the fourth quarter. Dodge & Cox now owns 16,950 shares of the company’s stock valued at $244,000 after purchasing an additional 1,000 shares during the period.

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.