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Brf S.A. (NYSE:BRFS – Get Rating) has earned a consensus rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $2.50.
A number of equities research analysts have recently issued reports on the company. Citigroup cut BRF from a “buy” rating to a “neutral” rating in a report on Tuesday, October 25th. Barclays raised shares of BRF from an “underweight” rating to an “equal weight” rating and set a $2.50 price target on the stock in a research report on Monday, November 28th. JPMorgan Chase & Co. raised shares of BRF from an “underweight” rating to a “neutral” rating in a research report on Tuesday, September 27th. The Goldman Sachs Group upgraded shares of BRF from a “sell” rating to a “neutral” rating in a research note on Tuesday, November 15th. Finally, StockNews.com lowered shares of BRF from a “hold” rating to a “sell” rating in a research report on Tuesday, December 13th.
Institutional Investors Weigh In On BRF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in BRF by 2,443.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 5,670,843 shares of the company’s stock worth $14,518,000 after purchasing an additional 5,447,910 shares during the last quarter. BlackRock Inc. lifted its position in shares of BRF by 132.8% during the first quarter. BlackRock Inc. now owns 5,190,782 shares of the company’s stock worth $20,606,000 after purchasing an additional 2,961,528 shares in the last quarter. Sei Investments Co. raised its holdings in BRF by 421.8% during the second quarter. Sei Investments Co. now owns 2,018,755 shares of the company’s stock worth $5,168,000 after purchasing an additional 1,631,857 shares in the last quarter. Polunin Capital Partners Ltd grew its position in shares of BRF by 22.9% during the third quarter. Polunin Capital Partners Ltd now owns 6,769,055 shares of the company’s stock worth $15,839,000 after acquiring an additional 1,262,200 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in BRF in the 3rd quarter valued at $2,575,000. Institutional investors own 8.24% of the company’s stock.
BRF Trading Down 7.0 %
BRF stock opened at $1.60 on Tuesday. BRF has a 12 month low of $1.27 and a 12 month high of $4.47. The company has a quick ratio of 0.69, a current ratio of 1.28 and a debt-to-equity ratio of 1.66. The business has a 50 day moving average price of $1.70 and a two-hundred day moving average price of $2.44. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -7.62 and a beta of 1.68.
BRF (NYSE:BRFS – Get Rating) last posted its quarterly earnings results on Wednesday, November 9th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.32). BRF had a negative return on equity of 10.82% and a negative net margin of 2.59%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $13.58 billion. As a group, equities analysts forecast that BRF will post -1.32 EPS for the current year.
About BRF
(Get Rating)
BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and beef; processed food products, such as marinated, frozen, whole and cut chicken, roosters, turkey meat, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products, chicken sausages, chicken hot dogs, and chicken bologna; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs.
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