BRF (NYSE:BRFS) Cut to Buy at StockNews.com

StockNews.com lowered shares of BRF (NYSE:BRFS) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday.

A number of other brokerages have also commented on BRFS. Bank of America upped their target price on BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Barclays upped their price target on BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, BRF has a consensus rating of “Moderate Buy” and an average price target of $10.70.

BRF Stock Up 0.2 %

NYSE BRFS traded up $0.01 during trading on Tuesday, hitting $4.30. The company’s stock had a trading volume of 37,151 shares, compared to its average volume of 2,919,996. BRF has a fifty-two week low of $2.45 and a fifty-two week high of $4.76. The company has a market cap of $4.65 billion, a PE ratio of 15.91, a P/E/G ratio of 0.25 and a beta of 1.93. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.45 and a quick ratio of 0.99. The business’s 50 day simple moving average is $4.37 and its 200-day simple moving average is $4.06.

BRF (NYSE:BRFS) last released its earnings results on Thursday, August 15th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. BRF had a net margin of 3.61% and a return on equity of 11.51%. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the firm earned ($0.10) EPS. On average, equities analysts anticipate that BRF will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On BRF

A number of institutional investors and hedge funds have recently bought and sold shares of BRFS. Hsbc Holdings PLC boosted its stake in BRF by 886.7% during the second quarter. Hsbc Holdings PLC now owns 230,636 shares of the company’s stock worth $939,000 after buying an additional 207,262 shares during the last quarter. Marshall Wace LLP boosted its position in shares of BRF by 534.6% during the 2nd quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock valued at $18,816,000 after acquiring an additional 3,894,533 shares during the last quarter. Natixis Advisors LLC acquired a new position in shares of BRF during the 2nd quarter valued at about $496,000. Signaturefd LLC increased its position in BRF by 13.0% during the third quarter. Signaturefd LLC now owns 31,495 shares of the company’s stock worth $138,000 after purchasing an additional 3,618 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in BRF during the second quarter worth about $1,133,000. 4.76% of the stock is currently owned by institutional investors and hedge funds.

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.