Barclays Boosts BRF (NYSE:BRFS) Price Target to $5.00

BRF (NYSE:BRFS) had its price objective upped by Barclays from $4.50 to $5.00 in a report published on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also weighed in on BRFS. Bank of America boosted their price objective on BRF from $22.00 to $24.00 and gave the company a neutral rating in a report on Thursday. StockNews.com cut BRF from a strong-buy rating to a buy rating in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, BRF currently has a consensus rating of Moderate Buy and an average price target of $10.70.

BRF Stock Up 1.8 %

BRFS stock opened at $4.48 on Friday. 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 firm has a 50 day simple moving average of $3.88 and a 200-day simple moving average of $3.50. The company has a market capitalization of $4.85 billion, a P/E ratio of 89.60, a PEG ratio of 0.41 and a beta of 1.91. BRF has a twelve month low of $1.75 and a twelve month high of $4.55.

BRF (NYSE:BRFS) last posted its quarterly earnings data on Thursday, August 15th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.55 billion. BRF had a net margin of 0.81% and a return on equity of 2.93%. During the same period in the prior year, the firm posted ($0.10) EPS. On average, equities research analysts predict that BRF will post 0.29 earnings per share for the current fiscal year.

Institutional Trading of BRF

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in BRF during the 4th quarter worth $102,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of 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 acquiring an additional 10,172 shares during the period. Intelligence Driven Advisers LLC bought a new stake in BRF in the 4th quarter valued at about $30,000. Jump Financial LLC bought a new position in BRF in the 4th quarter worth about $66,000. Finally, Boston Partners acquired a new stake in shares of BRF in the fourth quarter valued at approximately $118,000. 4.76% of the stock is currently owned by institutional investors and hedge funds.

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.