BRF (NYSE:BRFS) Hits New 52-Week High at $4.71

Brf S.A. (NYSE:BRFS)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $4.71 and last traded at $4.70, with a volume of 1591943 shares. The stock had previously closed at $4.67.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BRFS shares. StockNews.com downgraded BRF from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 13th. Barclays increased their price objective on shares of BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Bank of America boosted their target price on shares of BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.70.

BRF Stock Performance

The firm has a fifty day moving average of $3.91 and a 200-day moving average of $3.51. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 1.10. The firm has a market cap of $5.04 billion, a P/E ratio of 93.40, a PEG ratio of 0.41 and a beta of 1.91.

BRF (NYSE:BRFS) last issued its earnings results on Thursday, August 15th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.55 billion. BRF had a net margin of 0.81% and a return on equity of 2.93%. During the same quarter last year, the firm earned ($0.10) EPS. Research analysts predict that Brf S.A. will post 0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BRF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRFS. Intelligence Driven Advisers LLC bought a new stake in shares of BRF in the 4th quarter valued at $30,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of BRF in the fourth quarter worth about $41,000. Bayesian Capital Management LP bought a new stake in shares of BRF in the first quarter worth about $48,000. Atomi Financial Group Inc. bought a new position in shares of BRF during the 2nd quarter valued at about $48,000. Finally, Blue Trust Inc. acquired a new position in shares of BRF in the 2nd quarter valued at approximately $51,000. Institutional investors 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.