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

Shares of Brf S.A. (NYSE:BRFS) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $10.70.

A number of equities research analysts have recently weighed in on the company. StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th. Citigroup upgraded BRF from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd.

BRF Trading Down 1.5 %

NYSE BRFS opened at $3.74 on Friday. BRF has a 12 month low of $2.67 and a 12 month high of $4.87. The stock has a market capitalization of $4.04 billion, a P/E ratio of 8.69, a PEG ratio of 0.21 and a beta of 1.88. The firm’s 50-day moving average is $4.16 and its two-hundred day moving average is $4.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93.

BRF Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.0217 per share. This represents a dividend yield of 1.6%. The ex-dividend date was Wednesday, December 18th. BRF’s payout ratio is 20.93%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its position in shares of BRF by 886.7% during the second quarter. Hsbc Holdings PLC now owns 230,636 shares of the company’s stock worth $939,000 after acquiring an additional 207,262 shares during the last quarter. Marshall Wace LLP increased its stake in BRF by 534.6% in the second quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock valued at $18,816,000 after purchasing an additional 3,894,533 shares during the period. Natixis Advisors LLC raised its holdings in shares of BRF by 97.9% in the third quarter. Natixis Advisors LLC now owns 241,221 shares of the company’s stock valued at $1,054,000 after buying an additional 119,346 shares during the last quarter. Signaturefd LLC boosted its stake in shares of BRF by 13.0% during the third quarter. Signaturefd LLC now owns 31,495 shares of the company’s stock worth $138,000 after buying an additional 3,618 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of BRF by 660.0% during the third 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 last quarter. Institutional investors and hedge funds own 4.76% of the company’s stock.

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.