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

JBS N.V. (NYSE:JBS) has been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $20.00.

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

JBS Trading Down 0.9%

Shares of JBS stock opened at $14.91 on Friday. JBS has a fifty-two week low of $12.83 and a fifty-two week high of $17.80. The stock has a 50-day moving average price of $14.95. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.54 and a quick ratio of 0.76.

Institutional Investors Weigh In On JBS

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC purchased a new position in JBS during the 2nd quarter worth approximately $294,000. Osaic Holdings Inc. purchased a new position in JBS during the second quarter worth about $94,000. Public Sector Pension Investment Board acquired a new stake in shares of JBS in the 2nd quarter valued at approximately $4,807,000. Walnut Level Capital LLC purchased a new stake in shares of JBS during the 2nd quarter worth $1,096,000. Finally, Vident Advisory LLC purchased a new position in JBS in the second quarter valued at about $346,000.

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.