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BMO Capital Sticks to Its Buy Rating for JBS (JBS)

Tipranks - Tipranks - Tue May 19, 6:36AM CDT

In a report released today, Andrew Strelzik from BMO Capital maintained a Buy rating on JBS, with a price target of $18.00.

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Strelzik covers the Consumer Cyclical sector, focusing on stocks such as Domino’s Pizza, Wendy’s, and Starbucks. According to TipRanks, Strelzik has an average return of 3.9% and a 53.37% success rate on recommended stocks.

In addition to BMO Capital, JBS also received a Buy from Bank of America Securities’s Isabella Simonato in a report issued on May 14. However, on the same day, J.P. Morgan downgraded JBS (NYSE: JBS) to a Hold.

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Based on JBS’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $111.47 billion and a net profit of $1.14 billion. In comparison, last year the company earned a revenue of $114.13 billion and had a net profit of $2.92 billion

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