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

Shares of Brf S.A. (NYSE:BRFS) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $10.70.

BRFS has been the subject of a number of research reports. StockNews.com cut BRF from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 20th. Citigroup upgraded shares of BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd.

Hedge Funds Weigh In On BRF

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in shares of BRF by 111.7% in the 1st quarter. GAMMA Investing LLC now owns 9,082 shares of the company’s stock valued at $31,000 after purchasing an additional 4,792 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in BRF by 50.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 284,203 shares of the company’s stock valued at $1,157,000 after purchasing an additional 95,158 shares in the last quarter. Vident Advisory LLC raised its holdings in BRF by 40.4% during the fourth quarter. Vident Advisory LLC now owns 68,391 shares of the company’s stock worth $278,000 after purchasing an additional 19,670 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of BRF by 111.1% during the 4th quarter. Two Sigma Advisers LP now owns 662,300 shares of the company’s stock worth $2,696,000 after buying an additional 348,600 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings 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 valued at $9,025,000 after buying an additional 91,268 shares in the last quarter. 4.76% of the stock is owned by institutional investors and hedge funds.

BRF Stock Performance

NYSE BRFS opened at $3.48 on Wednesday. The stock has a market cap of $3.76 billion, a PE ratio of 8.08, a P/E/G ratio of 0.19 and a beta of 1.51. BRF has a twelve month low of $2.99 and a twelve month high of $4.87. The stock has a fifty day simple moving average of $3.36 and a 200-day simple moving average of $3.91. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05.

BRF (NYSE:BRFS) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.72 billion. BRF had a net margin of 6.52% and a return on equity of 19.66%. Equities analysts anticipate that BRF will post 0.45 earnings per share for the current 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.