Brf S.A. (NYSE:BRFS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Brf S.A. (NYSE:BRFS) have earned an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $10.70.

A number of research analysts recently issued reports on the stock. Citigroup upgraded shares of BRF from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a report on Friday, March 7th.

BRF Price Performance

BRFS stock opened at $3.17 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 0.19 and a beta of 1.90. The company’s fifty day simple moving average is $3.54 and its 200 day simple moving average is $4.08. BRF has a 12-month low of $2.99 and a 12-month high of $4.87.

BRF (NYSE:BRFS) last issued its earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.72 billion. BRF had a return on equity of 19.66% and a net margin of 6.52%. On average, analysts expect that BRF will post 0.45 earnings per share for the current year.

Institutional Trading of BRF

Several hedge funds have recently bought and sold shares of BRFS. US Bancorp DE lifted its stake in shares of BRF by 127.1% in the third quarter. US Bancorp DE now owns 15,871 shares of the company’s stock valued at $69,000 after buying an additional 8,882 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of BRF in the 3rd quarter worth about $78,000. Natixis Advisors LLC lifted its position in BRF by 97.9% in the 3rd quarter. Natixis Advisors LLC now owns 241,221 shares of the company’s stock valued at $1,054,000 after acquiring an additional 119,346 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in BRF by 660.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company’s stock valued at $5,281,000 after acquiring an additional 1,049,373 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its stake in BRF by 99.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 106,276 shares of the company’s stock valued at $464,000 after purchasing an additional 53,039 shares during the last quarter. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Company Profile

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.