Brf S.A. (NYSE:BRFS) Receives $10.70 Average Price Target from Brokerages

Brf S.A. (NYSE:BRFS) has received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $10.70.

Several research firms recently issued reports on BRFS. StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 7th. Citigroup raised BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd.

Hedge Funds Weigh In On BRF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its holdings in shares of BRF by 16.6% in the fourth quarter. Renaissance Technologies LLC now owns 7,682,476 shares of the company’s stock worth $31,268,000 after buying an additional 1,096,016 shares during the last quarter. Marshall Wace LLP raised its position in BRF by 16.0% in the fourth quarter. Marshall Wace LLP now owns 4,975,651 shares of the company’s stock worth $20,251,000 after acquiring an additional 687,243 shares during the period. Millennium Management LLC boosted its stake in shares of BRF by 81.3% during the 4th quarter. Millennium Management LLC now owns 4,454,095 shares of the company’s stock worth $18,128,000 after acquiring an additional 1,996,890 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of BRF during the 4th quarter valued at $9,258,000. Finally, Two Sigma Investments LP increased its stake in shares of BRF by 4.3% in the 4th quarter. Two Sigma Investments LP now owns 2,217,514 shares of the company’s stock worth $9,025,000 after purchasing an additional 91,268 shares in the last quarter. 4.76% of the stock is owned by institutional investors.

BRF Stock Performance

BRF stock opened at $3.21 on Friday. BRF has a twelve month low of $2.99 and a twelve month high of $4.87. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $3.47 billion, a P/E ratio of 7.45, a PEG ratio of 0.19 and a beta of 1.90. The stock’s 50 day moving average is $3.53 and its 200 day moving average is $4.07.

BRF (NYSE:BRFS) last released its 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). The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.72 billion. BRF had a return on equity of 19.66% and a net margin of 6.52%. On average, equities research analysts predict 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.