BRF SA (NYSE:BRFS) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $14.00.
A number of research analysts have recently issued reports on BRFS shares. Zacks Investment Research downgraded shares of BRF from a “hold” rating to a “strong sell” rating in a research report on Monday, February 26th. TheStreet downgraded shares of BRF from a “c-” rating to a “d+” rating in a research report on Thursday, February 8th. Bank of America downgraded shares of BRF from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 6th. JPMorgan Chase downgraded shares of BRF from an “overweight” rating to a “neutral” rating in a research report on Friday, February 23rd. Finally, ValuEngine raised shares of BRF from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 7th.
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Several hedge funds have recently added to or reduced their stakes in BRFS. Macquarie Group Ltd. increased its holdings in shares of BRF by 51.2% in the 4th quarter. Macquarie Group Ltd. now owns 7,686,743 shares of the company’s stock worth $86,549,000 after acquiring an additional 2,602,355 shares during the period. Wells Fargo & Company MN increased its holdings in shares of BRF by 43.0% in the 1st quarter. Wells Fargo & Company MN now owns 6,627,092 shares of the company’s stock worth $45,859,000 after acquiring an additional 1,992,545 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of BRF in the 1st quarter worth about $12,059,000. Oaktree Capital Management LP increased its holdings in shares of BRF by 29.9% in the 4th quarter. Oaktree Capital Management LP now owns 3,977,774 shares of the company’s stock worth $44,790,000 after acquiring an additional 914,776 shares during the period. Finally, Standard Life Aberdeen plc increased its holdings in shares of BRF by 55.5% in the 4th quarter. Standard Life Aberdeen plc now owns 2,021,850 shares of the company’s stock worth $22,776,000 after acquiring an additional 721,300 shares during the period. 7.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of BRF stock traded up $0.10 during trading hours on Monday, reaching $6.83. The company’s stock had a trading volume of 2,541,134 shares, compared to its average volume of 3,076,886. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.85 and a current ratio of 1.29. BRF has a one year low of $6.61 and a one year high of $6.92. The company has a market cap of $5.38 billion, a P/E ratio of -42.69 and a beta of 0.74.
BRF (NYSE:BRFS) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.09). BRF had a negative return on equity of 1.81% and a negative net margin of 2.96%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.88 billion. sell-side analysts predict that BRF will post 0.31 earnings per share for the current year.
BRF SA focuses on raising, producing, and slaughtering poultry and pork in Brazil, Latin America, Europe, the Middle East, Africa, and Asia. The company also processes, produces and sells fresh meat, processed foods, pasta, sauce, mayonnaise, frozen vegetables and soybean by-products. Its product portfolio comprise whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine, sauces and mayonnaise; and soy meal and refined soy flour, and animal feed.