BRF (NYSE:BRFS) Trading Up 4.3%

Brf S.A. (NYSE:BRFS) shares rose 4.3% on Monday . The stock traded as high as $4.64 and last traded at $4.64. Approximately 691,914 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 3,031,188 shares. The stock had previously closed at $4.45.

Analysts Set New Price Targets

Several brokerages have issued reports on BRFS. Bank of America increased their target price on BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Barclays lifted their target price on BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Two 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.70.

BRF Trading Up 1.8 %

The business’s 50-day moving average is $4.18 and its two-hundred day moving average is $3.74. The stock has a market capitalization of $4.90 billion, a PE ratio of 89.00, a PEG ratio of 0.27 and a beta of 1.94. The company has a quick ratio of 0.99, a current ratio of 1.45 and a debt-to-equity ratio of 1.20.

BRF (NYSE:BRFS) last posted its quarterly earnings data on Thursday, August 15th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.55 billion. BRF had a return on equity of 11.51% and a net margin of 3.61%. During the same quarter last year, the business posted ($0.10) EPS. On average, analysts anticipate that Brf S.A. will post 0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BRF

A number of hedge funds have recently added to or reduced their stakes in BRFS. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of BRF during the fourth quarter valued at approximately $41,000. Bayesian Capital Management LP acquired a new stake in shares of BRF during the 1st quarter valued at about $48,000. Atomi Financial Group Inc. bought a new stake in shares of BRF in the 2nd quarter valued at approximately $48,000. Blue Trust Inc. bought a new stake in BRF in the second quarter worth approximately $51,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of BRF in the fourth quarter valued at approximately $53,000. 4.76% of the stock is currently owned by institutional investors.

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.