JBS N.V. (NYSE:JBS) is one of the best cheap strong buy stocks to buy now. On August 21, Bank of America Securities analyst Isabella Simonato reiterated a Buy rating on JBS N.V. (NYSE:JBS) and set a $21.00 price target.
Workers bottling plant-based meat products on an automated production line.
The analyst based the rating on JBS N.V.’s (NYSE:JBS) market positioning and recent financial disclosures, stating that with the adoption of US GAAP standards for its EBIT and EBITDA figures (which are now presented in USD terms), the company boosted the comparability of its financial results with US peers like Tyson Foods.
Simonato anticipates this change to facilitate a re-rating of JBS N.V.’s (NYSE:JBS) stock as it improves its alignment with industry norms.
Another factor supporting the analyst’s optimistic rating is JBS N.V.’s (NYSE:JBS) strong demand for protein and overall earnings resilience despite the expected pressure on US beef margins until the end of 2026.
JBS N.V. (NYSE:JBS) is a food company that sells pork, beef, lamb meat, and poultry products. The company offers its products to club stores, supermarkets, other retail distributors, and foodservice companies.
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Disclosure: None. This article is originally published at Insider Monkey.
