Analysts Set JBS N.V. (NYSE:JBS) Price Target at $20.00

JBS N.V. (NYSE:JBS) has earned a consensus rating of “Buy” from the five ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $20.00.

Several research firms have recently weighed in on JBS. Wall Street Zen downgraded shares of JBS from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. BMO Capital Markets began coverage on shares of JBS in a research note on Thursday, June 26th. They issued an “outperform” rating on the stock. Santander began coverage on shares of JBS in a research note on Thursday, August 14th. They issued a “neutral” rating on the stock. Stephens reissued an “overweight” rating and issued a $19.00 price target on shares of JBS in a research note on Friday, August 15th. Finally, Zacks Research raised shares of JBS from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd.

Hedge Funds Weigh In On JBS

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in shares of JBS during the second quarter valued at about $161,969,000. State Street Corp acquired a new stake in shares of JBS during the second quarter valued at about $84,109,000. Maple Rock Capital Partners Inc. acquired a new stake in shares of JBS during the second quarter valued at about $32,342,000. Geode Capital Management LLC acquired a new stake in shares of JBS during the second quarter valued at about $31,092,000. Finally, Dendur Capital LP acquired a new stake in shares of JBS during the second quarter valued at about $28,051,000.

JBS Trading Up 1.4%

NYSE:JBS opened at $16.08 on Wednesday. The stock has a 50-day simple moving average of $14.35. JBS has a twelve month low of $12.83 and a twelve month high of $17.80.

JBS Company Profile

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.