Analysts Rate JBS N.V. Stock as “Moderate Buy” with Price Targets

JBS N.V. (NYSE:JBS) has received a consensus rating of “Moderate Buy” from six research firms currently covering the stock, according to MarketBeat. Among these analysts, two have issued a hold rating while four have recommended buying the stock. The average price target for JBS over the next twelve months stands at approximately $19.38, reflecting the analysts’ outlook on the company’s potential performance.

Several notable research firms have shared their insights on JBS recently. Mizuho set a price objective of $20.00 in a research report published on October 28, 2023. In contrast, Weiss Ratings reaffirmed a “hold (c)” rating for JBS shares in a report on December 29, 2023. Additionally, JPMorgan Chase & Co. lowered its price target from $21.00 to $20.00, maintaining an “overweight” rating in a note released on October 14, 2023. Meanwhile, Santander upgraded JBS from a “neutral” rating to “outperform” on December 11, 2023. Finally, The Goldman Sachs Group set a target price of $18.50 on November 26, 2023.

Recent Stock Performance and Financial Metrics

On Tuesday, JBS shares opened at $13.97. The stock has experienced a 52-week low of $12.37 and a high of $17.80. Financial metrics for the company indicate a debt-to-equity ratio of 2.15, a quick ratio of 0.76, and a current ratio of 1.54. The company’s 50-day moving average currently sits at $14.02.

Investment activities from institutional investors have also shaped JBS’s market presence. Notably, JPMorgan Chase & Co. acquired a new position in JBS shares during the second quarter, valued at approximately $161.97 million. Banco BTG Pactual S.A. likewise purchased a new stake in the third quarter, estimated at $143.18 million. Ameriprise Financial Inc. made significant moves by boosting its position in JBS by an astonishing 23,891.7% during the same period, bringing their total shares to over 6.58 million, valued at around $98.29 million after acquiring an additional 6.56 million shares.

Other institutional investors, including State Street Corp and Alberta Investment Management Corp, have also adjusted their stakes. State Street acquired shares valued at $84.11 million during the second quarter, while Alberta Investment added 2.85 million shares to its holdings, raising its total to over 4.23 million shares, worth approximately $63.22 million.

Company Overview and Market Position

Founded in 1953 by José Batista Sobrinho in Anápolis, Goiás, JBS S.A. has grown into a global leader in the production and processing of meat products, focusing on beef, pork, and poultry. Headquartered in São Paulo, Brazil, the company operates an extensive network of facilities and partnerships across the Americas, Europe, and the Asia-Pacific region.

JBS provides a wide range of protein solutions, including fresh, frozen, and value-added products for retail, foodservice, and industrial customers. The company is involved in every aspect of the supply chain, from livestock procurement and feed production to processing, packaging, and distribution.

As JBS continues to expand its market presence, analysts remain optimistic about its future performance, reflected in their positive ratings and price targets. The company’s strategic direction and solid institutional backing may position it well for upcoming market challenges and opportunities.