BRF (NYSE:BRFS) Upgraded to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of BRF (NYSE:BRFS) from a neutral rating to an overweight rating in a research note issued to investors on Monday, MarketBeat reports.

Other research analysts also recently issued reports about the company. StockNews.com upgraded BRF from a hold rating to a buy rating in a research note on Friday, March 1st. Barclays upgraded BRF from an equal weight rating to an overweight rating and upped their price objective for the stock from $2.50 to $4.00 in a research note on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $3.55.

BRF Stock Performance

BRFS stock opened at $3.27 on Monday. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.13. The firm has a market cap of $3.53 billion, a P/E ratio of -17.18 and a beta of 1.95. BRF has a 12-month low of $1.15 and a 12-month high of $3.52. The stock’s 50 day simple moving average is $3.16 and its 200 day simple moving average is $2.78.

BRF (NYSE:BRFS) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.08. The business had revenue of $1.69 billion for the quarter. BRF had a negative return on equity of 8.52% and a negative net margin of 2.29%. As a group, equities research analysts predict that BRF will post 0.13 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BRFS. Goldman Sachs Group Inc. boosted its stake in BRF by 2,443.7% during the second quarter. Goldman Sachs Group Inc. now owns 5,670,843 shares of the company’s stock valued at $14,518,000 after buying an additional 5,447,910 shares in the last quarter. UBS Group AG lifted its stake in BRF by 62.7% in the 3rd quarter. UBS Group AG now owns 13,902,531 shares of the company’s stock worth $28,500,000 after acquiring an additional 5,357,987 shares in the last quarter. Millennium Management LLC lifted its stake in BRF by 27,582.4% in the 4th quarter. Millennium Management LLC now owns 3,847,027 shares of the company’s stock worth $6,078,000 after acquiring an additional 3,833,130 shares in the last quarter. BlackRock Inc. lifted its stake in BRF by 132.8% in the 1st quarter. BlackRock Inc. now owns 5,190,782 shares of the company’s stock worth $20,606,000 after acquiring an additional 2,961,528 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in BRF by 2,292.6% in the 1st quarter. Two Sigma Investments LP now owns 2,914,198 shares of the company’s stock worth $3,730,000 after acquiring an additional 2,792,398 shares in the last quarter. Institutional investors own 4.76% of the company’s stock.

BRF Company Profile

BRF SA engages in raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and turkey; processed food products, such as marinated, frozen, whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, chicken hot dogs, and chicken bologna.