10 Undervalued Defensive Stocks to Buy According to Analysts

4. JBS N.V. (NYSE:JBS)

Forward P/E: 7.01

Analyst Upside: 40.17%

Number of Hedge Fund Holders: N/A

JBS N.V. (NYSE:JBS) is one of the best undervalued defensive stocks to buy according to analysts. Mizuho lowered the firm’s price target on JBS N.V. (NYSE:JBS) to $22 from $55 on July 28, keeping an Outperform rating on the shares.

The firm told investors in a research note that it adjusted targets in the food producer group before the Q2 earnings reports.

Mizuho also stated that low stock valuations in the sector are attractive. However, they are overshadowed by growth concerns.

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.