Brf S.A. (NYSE:BRFS) has been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $9.00.

Several equities analysts have recently issued reports on BRFS shares. ValuEngine upgraded BRF from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Barclays reiterated a “buy” rating and set a $7.00 price target on shares of BRF in a research report on Sunday, March 3rd. Santander upgraded BRF from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Finally, Zacks Investment Research upgraded BRF from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research report on Wednesday, March 20th.

Several hedge funds and other institutional investors have recently modified their holdings of BRFS. BlackRock Inc. grew its holdings in shares of BRF by 297.3% in the 1st quarter. BlackRock Inc. now owns 10,713,167 shares of the company’s stock worth $62,351,000 after acquiring an additional 8,016,987 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of BRF by 22.8% in the 4th quarter. Baillie Gifford & Co. now owns 17,336,132 shares of the company’s stock worth $98,469,000 after acquiring an additional 3,217,409 shares during the last quarter. INCA Investments LLC grew its holdings in shares of BRF by 35.8% in the 1st quarter. INCA Investments LLC now owns 10,318,069 shares of the company’s stock worth $60,051,000 after acquiring an additional 2,721,910 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of BRF by 14.1% in the 4th quarter. Macquarie Group Ltd. now owns 10,343,541 shares of the company’s stock worth $58,751,000 after acquiring an additional 1,277,711 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of BRF in the 4th quarter worth $7,062,000. Institutional investors and hedge funds own 10.84% of the company’s stock.

Shares of BRFS stock traded up $0.03 during mid-day trading on Friday, hitting $7.75. 3,220,120 shares of the stock traded hands, compared to its average volume of 4,136,711. BRF has a twelve month low of $4.65 and a twelve month high of $8.12. The stock has a market cap of $6.27 billion, a PE ratio of -14.35 and a beta of 0.73. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.94 and a current ratio of 1.21.

BRF (NYSE:BRFS) last issued its quarterly earnings results on Thursday, February 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. BRF had a negative return on equity of 30.47% and a negative net margin of 16.41%. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Equities research analysts predict that BRF will post -0.04 earnings per share for the current year.

About BRF

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine; and soy meal and refined soy flour, as well as animal feed.

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Analyst Recommendations for BRF (NYSE:BRFS)

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