Brf S.A. (NYSE:BRFS) has been assigned a consensus rating of “Hold” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $10.00.

A number of equities analysts have recently commented on BRFS shares. Barclays set a $12.00 target price on shares of BRF and gave the stock a “buy” rating in a research report on Monday, August 12th. HSBC lowered shares of BRF from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. Zacks Investment Research raised shares of BRF from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Wednesday, October 9th. ValuEngine lowered shares of BRF from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Finally, TheStreet raised shares of BRF from a “d+” rating to a “c-” rating in a research report on Thursday.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRFS. Daiwa Securities Group Inc. boosted its stake in shares of BRF by 273.8% during the second quarter. Daiwa Securities Group Inc. now owns 161,500 shares of the company’s stock valued at $1,227,000 after purchasing an additional 118,300 shares in the last quarter. Atlas Capital Advisors LLC boosted its stake in shares of BRF by 1,167.8% during the second quarter. Atlas Capital Advisors LLC now owns 27,917 shares of the company’s stock valued at $212,000 after purchasing an additional 25,715 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of BRF by 135.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,220 shares of the company’s stock valued at $222,000 after purchasing an additional 16,800 shares in the last quarter. Aperio Group LLC boosted its stake in shares of BRF by 21.7% during the second quarter. Aperio Group LLC now owns 162,143 shares of the company’s stock valued at $1,232,000 after purchasing an additional 28,904 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of BRF by 217.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 524,100 shares of the company’s stock valued at $3,983,000 after purchasing an additional 359,132 shares in the last quarter. Hedge funds and other institutional investors own 10.31% of the company’s stock.

Shares of NYSE:BRFS traded up $0.22 during trading on Tuesday, reaching $8.87. 1,811,142 shares of the company were exchanged, compared to its average volume of 2,607,768. The firm has a market capitalization of $7.03 billion, a PE ratio of -16.43 and a beta of 0.69. The business’s fifty day simple moving average is $8.53 and its 200-day simple moving average is $8.57. BRF has a 12-month low of $5.02 and a 12-month high of $9.96. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.25 and a quick ratio of 0.80.

BRF (NYSE:BRFS) last issued its earnings results on Friday, November 8th. The company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.05. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.28 billion. BRF had a negative net margin of 7.96% and a positive return on equity of 6.23%. On average, sell-side analysts anticipate that BRF will post 0.32 EPS for the current fiscal year.

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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