BRF (NYSE:BRFS) Given New $5.00 Price Target at Barclays

BRF (NYSE:BRFS) had its price target increased by Barclays from $4.50 to $5.00 in a research note released on Friday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities research analysts also recently issued reports on the company. StockNews.com downgraded BRF from a strong-buy rating to a buy rating in a report on Tuesday, August 13th. Bank of America raised their target price on shares of BRF from $22.00 to $24.00 and gave the stock a neutral rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, BRF currently has an average rating of Moderate Buy and an average target price of $10.70.

BRF Stock Up 1.8 %

Shares of NYSE BRFS opened at $4.48 on Friday. BRF has a 52-week low of $1.75 and a 52-week high of $4.55. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.89 and a current ratio of 1.37. The stock has a market cap of $4.85 billion, a P/E ratio of 89.60, a P/E/G ratio of 0.41 and a beta of 1.91. The firm has a 50 day moving average price of $3.88 and a 200 day moving average price of $3.50.

BRF (NYSE:BRFS) last announced its quarterly earnings results on Thursday, August 15th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. BRF had a net margin of 0.81% and a return on equity of 2.93%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the business earned ($0.10) EPS. Analysts expect that BRF will post 0.29 EPS for the current year.

Institutional Trading of BRF

A number of institutional investors have recently modified their holdings of the company. Marshall Wace LLP raised its position in BRF by 534.6% in the 2nd quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock valued at $18,816,000 after buying an additional 3,894,533 shares during the last quarter. Kapitalo Investimentos Ltda raised its holdings in shares of BRF by 88.9% in the fourth quarter. Kapitalo Investimentos Ltda now owns 5,738,575 shares of the company’s stock valued at $15,953,000 after purchasing an additional 2,700,313 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of BRF by 56.5% in the second quarter. Renaissance Technologies LLC now owns 5,692,814 shares of the company’s stock worth $23,170,000 after purchasing an additional 2,056,054 shares in the last quarter. Polunin Capital Partners Ltd boosted its holdings in BRF by 10.3% during the first quarter. Polunin Capital Partners Ltd now owns 17,945,401 shares of the company’s stock worth $58,502,000 after purchasing an additional 1,670,646 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in BRF in the second quarter valued at $1,133,000. 4.76% of the stock is currently owned by institutional investors.

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.