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

Shares of Brf S.A. (NYSE:BRFS) have earned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $10.70.

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

BRF Stock Performance

Shares of NYSE:BRFS opened at $3.48 on Wednesday. BRF has a twelve month low of $2.99 and a twelve month high of $4.87. The firm has a market cap of $3.76 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 0.19 and a beta of 1.51. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45. The business has a fifty day moving average of $3.36 and a 200-day moving average of $3.91.

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

Institutional Trading of BRF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRFS. TD Private Client Wealth LLC acquired a new stake in shares of BRF during the 3rd quarter worth approximately $27,000. GAMMA Investing LLC lifted its holdings in BRF by 111.7% during the first quarter. GAMMA Investing LLC now owns 9,082 shares of the company’s stock worth $31,000 after acquiring an additional 4,792 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in shares of BRF during the 4th quarter worth $43,000. PFG Investments LLC bought a new stake in shares of BRF in the 4th quarter worth approximately $51,000. Finally, Headlands Technologies LLC purchased a new position in shares of BRF during the 4th quarter valued at $55,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

About BRF

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.