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 report issued on Monday, Marketbeat Ratings reports.

BRFS has been the subject of a number of other reports. StockNews.com upgraded shares of BRF from a hold rating to a buy rating in a research report on Friday, March 1st. Barclays raised shares of BRF from an equal weight rating to an overweight rating and boosted their price objective for the stock from $2.50 to $4.00 in a research note on Monday, March 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $3.55.

BRF Stock Up 0.2 %

NYSE:BRFS opened at $3.27 on Monday. The firm has a market capitalization 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 company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.13. The stock’s fifty day simple moving average is $3.16 and its 200-day simple moving average is $2.78.

BRF (NYSE:BRFS) last released its earnings results on Monday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts expect that BRF will post 0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BRFS. Kapitalo Investimentos Ltda raised its position in shares of BRF by 88.9% during the 4th quarter. Kapitalo Investimentos Ltda now owns 5,738,575 shares of the company’s stock valued at $15,953,000 after buying an additional 2,700,313 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of BRF by 10.4% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 393,000 shares of the company’s stock valued at $1,093,000 after purchasing an additional 37,000 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in BRF by 954.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 589,152 shares of the company’s stock worth $1,638,000 after acquiring an additional 533,254 shares in the last quarter. Vident Advisory LLC boosted its stake in BRF by 60.6% during the fourth quarter. Vident Advisory LLC now owns 33,192 shares of the company’s stock worth $92,000 after acquiring an additional 12,530 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new stake in BRF during the fourth quarter worth about $144,000. 4.76% of the stock is owned by institutional investors.

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.