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

Shares of Brf S.A. (NYSE:BRFS) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, two have given 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 ratings on the stock in the last year is $10.70.

A number of equities research analysts have commented on the company. Citigroup raised BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 7th.

Institutional Investors Weigh In On BRF

Large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its position 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 worth $1,157,000 after purchasing an additional 95,158 shares during the last quarter. Vident Advisory LLC grew its stake in shares of BRF by 40.4% in the 4th quarter. Vident Advisory LLC now owns 68,391 shares of the company’s stock worth $278,000 after buying an additional 19,670 shares in the last quarter. Two Sigma Advisers LP increased its holdings in shares of BRF by 111.1% in 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. Two Sigma Investments LP increased 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 worth $9,025,000 after buying an additional 91,268 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of BRF during the 4th quarter valued at about $1,490,000. 4.76% of the stock is owned by institutional investors.

BRF Trading Up 0.8 %

BRF stock opened at $3.21 on Friday. BRF has a 12-month low of $2.99 and a 12-month high of $4.87. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 7.45, a P/E/G ratio of 0.19 and a beta of 1.90. The firm has a 50 day moving average of $3.53 and a 200 day moving average of $4.07. 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 data on Wednesday, February 26th. The company reported $0.07 earnings per share (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 firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.72 billion. As a group, research analysts predict 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.