BRF (NYSE:BRFS) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of BRF (NYSE:BRFS) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday morning.

Other equities analysts have also recently issued research reports about the stock. Barclays upped their price target on shares of BRF from $4.00 to $4.50 and gave the stock an overweight rating in a research note on Friday, May 17th. The Goldman Sachs Group upgraded shares of BRF from a sell rating to a neutral rating and upped their price target for the stock from $1.90 to $3.10 in a research note on Monday, April 15th. Finally, JPMorgan Chase & Co. upgraded shares of BRF from a neutral rating to an overweight rating in a research note on Monday, April 15th.

BRF Stock Performance

Shares of BRFS stock opened at $3.70 on Tuesday. BRF has a 12 month low of $1.75 and a 12 month high of $4.24. The stock has a market cap of $4.01 billion, a PE ratio of 74.00, a price-to-earnings-growth ratio of 0.31 and a beta of 1.91. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 1.10. The company’s fifty day moving average price is $3.80 and its 200-day moving average price is $3.35.

BRF (NYSE:BRFS) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.59 billion. BRF had a net margin of 0.81% and a return on equity of 2.93%. On average, equities analysts expect that BRF will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On BRF

Hedge funds have recently bought and sold shares of the business. Boston Partners purchased a new position in BRF in the 4th quarter worth about $118,000. Mirae Asset Global Investments Co. Ltd. raised its position in BRF by 15.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,354 shares of the company’s stock worth $212,000 after buying an additional 10,172 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of BRF during the 4th quarter valued at about $53,000. Jump Financial LLC bought a new position in shares of BRF in the 4th quarter worth approximately $66,000. Finally, Barometer Capital Management Inc. purchased a new position in shares of BRF in the fourth quarter worth approximately $116,000. Hedge funds and other 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.