Brf S.A. (NYSE:BRFS) Receives $10.70 Consensus Target Price from Analysts

Brf S.A. (NYSE:BRFS) has received a consensus rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat.com reports. Two 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. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $10.70.

A number of research firms recently issued reports on BRFS. StockNews.com lowered BRF from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Citigroup upgraded BRF from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd.

Institutional Investors Weigh In On BRF

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

BRF Trading Down 0.4 %

Shares of BRF stock opened at $3.44 on Friday. The stock has a fifty day simple moving average of $3.51 and a 200 day simple moving average of $4.05. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. BRF has a 12-month low of $2.99 and a 12-month high of $4.87. The company has a market capitalization of $3.72 billion, a P/E ratio of 7.99, a price-to-earnings-growth ratio of 0.19 and a beta of 1.90.

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

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.