BRF (NYSE:BRFS) was downgraded by research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued on Monday, Marketbeat reports. They presently have a $4.50 price objective on the stock. Barclays‘s target price indicates a potential upside of 15.98% from the company’s current price.
Several other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. lowered BRF from an “overweight” rating to a “neutral” rating in a research note on Tuesday, March 24th. Zacks Investment Research upgraded BRF from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research report on Monday, May 25th. Finally, ValuEngine lowered BRF from a “hold” rating to a “sell” rating in a research report on Monday, June 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.50.
Shares of BRFS opened at $3.88 on Monday. BRF has a 12-month low of $2.27 and a 12-month high of $9.96. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 10.21 and a beta of 1.55. The stock’s 50-day moving average price is $4.18 and its 200 day moving average price is $5.49. The company has a quick ratio of 0.80, a current ratio of 1.19 and a debt-to-equity ratio of 3.14.
BRF (NYSE:BRFS) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.12. BRF had a return on equity of 17.17% and a net margin of 3.79%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.85 billion. Equities research analysts expect that BRF will post 0.09 EPS for the current year.
A number of large investors have recently bought and sold shares of the business. State Street Corp lifted its holdings in BRF by 2.0% during the 1st quarter. State Street Corp now owns 2,047,293 shares of the company’s stock worth $5,937,000 after buying an additional 39,916 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in BRF during the 1st quarter worth $764,000. INCA Investments LLC lifted its holdings in BRF by 49.5% during the 1st quarter. INCA Investments LLC now owns 9,296,000 shares of the company’s stock worth $26,958,000 after buying an additional 3,078,500 shares in the last quarter. Jane Street Group LLC lifted its holdings in BRF by 119.8% during the 1st quarter. Jane Street Group LLC now owns 63,686 shares of the company’s stock worth $185,000 after buying an additional 34,717 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of BRF by 876.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 108,493 shares of the company’s stock valued at $315,000 after purchasing an additional 97,384 shares during the period. 10.33% of the stock is currently owned by hedge funds and other institutional investors.
BRF Company Profile
BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine; and soy meal and refined soy flour, as well as animal feed.
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