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

JBS N.V. (NYSE:JBS) has received a consensus rating of “Moderate Buy” from six research firms monitoring the stock, as reported by MarketBeat. This rating reflects two analysts who have assigned a hold rating and four analysts who have issued a buy recommendation. The average twelve-month price target for the stock stands at $19.38, according to broker updates over the past year.

Recent Analyst Ratings and Price Targets

Several research firms have recently published their evaluations of JBS. On October 28, 2023, Mizuho set a price objective of $20.00 for the stock. Weiss Ratings reaffirmed a “hold (c)” rating on JBS shares in a report dated December 29, 2023. On October 14, 2023, JPMorgan Chase & Co. reduced their price target from $21.00 to $20.00 while maintaining an “overweight” rating. Santander also upgraded JBS from a “neutral” rating to an “outperform” rating on December 11, 2023. Meanwhile, The Goldman Sachs Group set a target price of $18.50 on November 26, 2023.

Current Stock Performance and Financial Metrics

As of the latest trading session, 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 reveal a debt-to-equity ratio of 2.15, a quick ratio of 0.76, and a current ratio of 1.54. The firm’s 50-day moving average is currently $14.02.

Institutional investors have also been active in modifying their stakes in JBS. Notably, JPMorgan Chase & Co. acquired a new position in the second quarter, valued at approximately $161.97 million. Banco BTG Pactual S.A. purchased a new stake worth $143.18 million in the third quarter. Ameriprise Financial Inc. significantly boosted its holdings by 23,891.7% during the same quarter, now owning 6,583,073 shares valued at $98.29 million after acquiring an additional 6,555,634 shares. State Street Corp and Alberta Investment Management Corp also increased their positions, with the latter raising its holdings by 205.9% and owning 4,234,300 shares worth $63.22 million.

JBS SA is recognized as a global leader in meat production and processing, specializing in beef, pork, and poultry. With its headquarters located in São Paulo, Brazil, the company operates a comprehensive network of facilities and partnerships across the Americas, Europe, and the Asia-Pacific region. JBS offers a range of fresh, frozen, and value-added protein solutions catering to retail, foodservice, and industrial clients while managing the entire supply chain from livestock procurement to distribution.

Founded in 1953 by José Batista Sobrinho in Anápolis, Goiás, JBS began as a modest slaughterhouse and has rapidly expanded through strategic acquisitions and organic growth.