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

StockNews.com cut shares of BRF (NYSE:BRFS) from a strong-buy rating to a buy rating in a report issued on Tuesday morning.

BRFS has been the topic of several other research reports. Bank of America increased their target price on BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Barclays increased their target price on shares of BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Trading Up 0.2 %

Shares of NYSE:BRFS traded up $0.01 during midday trading on Tuesday, reaching $4.30. 37,151 shares of the company’s stock were exchanged, compared to its average volume of 2,919,996. The firm’s 50 day simple moving average is $4.37 and its two-hundred day simple moving average is $4.06. BRF has a fifty-two week low of $2.45 and a fifty-two week high of $4.76. 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 stock has a market cap of $4.65 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 0.25 and a beta of 1.93.

BRF (NYSE:BRFS) last released its quarterly earnings results on Thursday, August 15th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. BRF had a net margin of 3.61% and a return on equity of 11.51%. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the firm earned ($0.10) EPS. As a group, sell-side analysts forecast that BRF will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On BRF

Several large investors have recently bought and sold shares of BRFS. Atomi Financial Group Inc. acquired a new stake in shares of BRF in the 2nd quarter valued at about $48,000. Blue Trust Inc. purchased a new position in shares of BRF in the 2nd quarter valued at about $51,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of BRF during the 2nd quarter valued at approximately $58,000. Bayesian Capital Management LP acquired a new position in BRF during the first quarter worth $48,000. Finally, US Bancorp DE boosted its position in shares of BRF by 127.1% in the 3rd quarter. US Bancorp DE now owns 15,871 shares of the company’s stock worth $69,000 after buying an additional 8,882 shares in the last quarter. Hedge funds and other institutional investors 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.