JPMorgan Chase & Co. Lowers JBS S A/S (OTCMKTS:JBSAY) to Neutral

JBS S A/S (OTCMKTS:JBSAY) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued to investors on Thursday, The Fly reports.

Several other analysts have also recently issued reports on JBSAY. Barclays cut JBS S A/S from an “overweight” rating to an “equal weight” rating in a report on Wednesday, April 3rd. ValuEngine upgraded JBS S A/S from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th.

Shares of OTCMKTS:JBSAY opened at $11.24 on Thursday. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.88 and a quick ratio of 1.15. The firm has a market capitalization of $15.46 billion, a price-to-earnings ratio of 70.81 and a beta of 0.82. JBS S A/S has a 52-week low of $4.20 and a 52-week high of $12.10.

About JBS S A/S

JBS SA, a food company, processes and trades in animal protein worldwide. It offers beef, pork, chicken, and lamb products and by-products; food products; pet food and concentrates; and bresaola. The company also produces and commercializes steel cans, plastic resins, soap bases and bars, biodiesel, glycerin, fatty acid, collagen, and wrapper, as well as wet blue, semi-finished, and finished leather products; manages industrial residue; purchases and sells soybeans; and produces, cogenerates, and commercializes electric power.

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