Truist has revised its outlook on JBS S.A. (JBSAY, Financial), increasing the price target for the company's shares from $15 to $20, while maintaining a Buy rating. This adjustment comes as the firm updates its forecasts for 11 companies within its consumer staples sector coverage in preparation for upcoming quarterly earnings reports.
The upward revision in JBSAY's price target indicates Truist's positive expectations regarding the company's performance and potential for growth. As the firm reviews its consumer staples portfolio, it continues to express confidence in JBS S.A.'s market position and financial prospects.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for JBS SA (JBSAY, Financial) is $15.00 with a high estimate of $15.00 and a low estimate of $15.00. The average target implies an downside of 10.02% from the current price of $16.67. More detailed estimate data can be found on the JBS SA (JBSAY) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, JBS SA's (JBSAY, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for JBS SA (JBSAY, Financial) in one year is $10.06, suggesting a downside of 39.65% from the current price of $16.67. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the JBS SA (JBSAY) Summary page.
