Key Points
- JBS CFO Guilherme Perboyre Cavalcanti sold 183,501 shares on August 24 at an average price of $13.85, generating approximately $2.54 million in proceeds.
- JBS reported quarterly EPS of $0.20, below the $0.32 consensus estimate, while revenue rose 13.8% year over year to $23.90 billion.
- Analyst sentiment remains moderately positive, with an average “Moderate Buy” rating and an $18.42 price target, despite recent target reductions and mixed rating changes.
Jbs N.V. (NYSE:JBS - Get Free Report) CFO Guilherme Perboyre Cavalcanti sold 183,501 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $13.85, for a total transaction of $2,541,488.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
JBS Price Performance
Shares of JBS opened at $14.04 on Wednesday. The firm has a 50-day simple moving average of $12.78 and a two-hundred day simple moving average of $14.49. The stock has a market cap of $10.89 billion, a PE ratio of 13.76, a P/E/G ratio of 5.18 and a beta of -1.65. Jbs N.V. has a 1-year low of $11.49 and a 1-year high of $18.65. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.53 and a quick ratio of 0.77.
JBS (NYSE:JBS - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.12). The company had revenue of $23.90 billion during the quarter. JBS had a return on equity of 12.00% and a net margin of 1.22%.The company's revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, analysts forecast that Jbs N.V. will post 1.08 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts have commented on the company. Barclays decreased their price target on JBS from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Thursday, July 16th. Weiss Ratings cut JBS from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, July 29th. Zacks Research upgraded JBS from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Wall Street Zen lowered JBS from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Finally, JPMorgan Chase & Co. lowered their target price on JBS from $18.00 to $17.50 and set an "overweight" rating for the company in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $18.42.
View Our Latest Analysis on JBS
Institutional Investors Weigh In On JBS
Several large investors have recently added to or reduced their stakes in JBS. PNC Financial Services Group Inc. boosted its holdings in JBS by 5.4% in 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 grew its stake in JBS by 7.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company's stock worth $188,000 after purchasing an additional 908 shares in the last quarter. Dodge & Cox increased its holdings in JBS by 6.3% during the 4th quarter. Dodge & Cox now owns 16,950 shares of the company's stock worth $244,000 after purchasing an additional 1,000 shares during the period. Farther Finance Advisors LLC increased its holdings in JBS by 41.9% during the 4th quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company's stock worth $60,000 after purchasing an additional 1,223 shares during the period. Finally, US Bancorp DE boosted its stake in shares of JBS by 10.0% in the 3rd quarter. US Bancorp DE now owns 13,497 shares of the company's stock valued at $202,000 after buying an additional 1,225 shares during the period.
JBS Company Profile
(
Get Free Report)
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.
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