Brokerages Set Brf S.A. (NYSE:BRFS) Target Price at $10.70

Brf S.A. (NYSE:BRFS) has earned an average rating of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $10.70.

BRFS has been the subject of a number of analyst reports. Citigroup upgraded BRF from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. StockNews.com upgraded BRF from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th.

BRF Price Performance

Shares of NYSE:BRFS opened at $3.33 on Tuesday. The company has a market cap of $3.60 billion, a PE ratio of 7.73, a P/E/G ratio of 0.19 and a beta of 1.86. BRF has a fifty-two week low of $2.67 and a fifty-two week high of $4.87. The firm has a 50-day simple moving average of $3.87 and a 200 day simple moving average of $4.20. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05.

BRF Cuts Dividend

The company also recently declared a — dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.0217 per share. This represents a yield of 1.6%. The ex-dividend date was Wednesday, December 18th. BRF’s payout ratio is currently 20.93%.

Hedge Funds Weigh In On BRF

Large investors have recently made changes to their positions in the business. Signaturefd LLC raised its holdings in BRF by 13.0% during the 3rd quarter. Signaturefd LLC now owns 31,495 shares of the company’s stock worth $138,000 after buying an additional 3,618 shares during the period. Blue Trust Inc. increased its holdings in BRF by 39.9% in the third quarter. Blue Trust Inc. now owns 17,397 shares of the company’s stock worth $71,000 after buying an additional 4,966 shares during the last quarter. Navellier & Associates Inc. increased its stake in shares of BRF by 2.6% during the 4th quarter. Navellier & Associates Inc. now owns 234,706 shares of the company’s stock worth $955,000 after purchasing an additional 5,977 shares during the last quarter. TD Private Client Wealth LLC acquired a new position in BRF during the third quarter worth $27,000. Finally, Two Sigma Securities LLC lifted its position in shares of BRF by 15.3% in the fourth quarter. Two Sigma Securities LLC now owns 49,704 shares of the company’s stock worth $202,000 after buying an additional 6,597 shares during the last quarter. Institutional investors own 4.76% of the company’s stock.

About BRF

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.