HSBC cut shares of BRF (NYSE:BRFS) from a buy rating to a hold rating in a research note issued to investors on Monday, BenzingaRatingsTable reports.

A number of other equities analysts have also recently commented on BRFS. Barclays set a $12.00 price target on BRF and gave the stock a buy rating in a report on Monday, August 12th. JPMorgan Chase & Co. upgraded BRF from a neutral rating to an overweight rating and set a $8.00 price target for the company in a report on Thursday, June 13th. ValuEngine upgraded BRF from a hold rating to a buy rating in a report on Wednesday, September 4th. Citigroup cut BRF from a neutral rating to a sell rating in a report on Monday, July 29th. Finally, Zacks Investment Research upgraded BRF from a hold rating to a buy rating and set a $9.75 price target for the company in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. BRF currently has an average rating of Hold and an average target price of $9.92.

NYSE:BRFS opened at $9.42 on Monday. BRF has a 52-week low of $4.87 and a 52-week high of $9.96. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.76 and a current ratio of 1.15. The company has a market cap of $7.30 billion, a P/E ratio of -17.44 and a beta of 0.76. The stock’s 50-day simple moving average is $9.17 and its 200 day simple moving average is $7.61.

BRF (NYSE:BRFS) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. BRF had a negative return on equity of 9.46% and a negative net margin of 11.18%. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $2.08 billion. As a group, equities analysts predict that BRF will post 0.05 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its holdings in shares of BRF by 0.6% during the second quarter. Wells Fargo & Company MN now owns 12,723,162 shares of the company’s stock worth $96,696,000 after acquiring an additional 70,067 shares during the period. Oaktree Capital Management LP boosted its holdings in shares of BRF by 9.9% during the first quarter. Oaktree Capital Management LP now owns 5,971,024 shares of the company’s stock worth $34,751,000 after acquiring an additional 540,119 shares during the period. Coatue Management LLC bought a new stake in shares of BRF during the second quarter worth approximately $20,087,000. Morgan Stanley boosted its holdings in shares of BRF by 423.2% during the second quarter. Morgan Stanley now owns 1,864,618 shares of the company’s stock worth $14,171,000 after acquiring an additional 1,508,244 shares during the period. Finally, Platinum Investment Management Ltd. bought a new stake in shares of BRF during the second quarter worth approximately $10,914,000. Institutional investors and hedge funds own 10.65% of the company’s stock.

BRF Company Profile

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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