U.S. Beef Is Back on the Menu in Australia and This Could Fire Up Tyson and Hormel Stock
Written by Emily J. Thompson, Senior Investment Analyst
Source: TipRanks
Australia Reopens Beef Trade: Australia has lifted a long-standing ban on U.S. beef imports, which had been in place since 2003 due to mad cow disease concerns, allowing U.S. meat companies like Tyson Foods and Hormel to access a lucrative market amid rising global protein demand.
Implications for Global Trade: This decision not only benefits U.S. producers by increasing export opportunities but also signals a potential shift in global acceptance of U.S. food safety standards, possibly leading other countries to reconsider their import restrictions on American beef.
Analyst Views on JBS
Wall Street analysts forecast JBS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JBS is 19.07 USD with a low forecast of 17.00 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 15.460
Low
17.00
Averages
19.07
High
22.00
Current: 15.460
Low
17.00
Averages
19.07
High
22.00
About JBS
JBS N.V. is Netherlands-based Company primarily engaged in the food and protein processing industry. The Company focuses on the production and global distribution of animal protein and food products to retail, foodservice, and industrial clients. The Company has in its offer poultry, pork, beef, lamb, fish and plant-based products. In addition, the Company operates in sectors such as leather, biodiesel, fertilizers, collagen, sausage casings, hygiene and beauty, metal packaging, transportation, waste management solutions. The Company is active worldwide in 17 countries and is listed on The New York Stock Exchange (NYSE).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
