JBSAY - JBS: Valuation Gap Closing After Good Q1 Still A Buy With More Caution
2024-05-23 00:57:27 ET
Summary
- JBS's 1Q24 results showed a margin recovery and strong performance across most segments, except for US Beef.
- The company's net debt-to-EBITDA ratio is expected to be below 3x by the end of the year, allowing for potential increases in dividends.
- JBS's stock price has increased significantly, but it still offers an attractive valuation and potential for speculation in the US Beef segment.
JBS S.A. ( JBSAY ) is one of the world's leading meatpackers, with enormous global operations in beef, pork, poultry, and value-added products....
JBS: Valuation Gap Closing After Good Q1, Still A Buy, With More Caution