BRF (NYSE:BRFS) PT Raised to $24.00

BRF (NYSE:BRFS) had its price objective hoisted by Bank of America from $22.00 to $24.00 in a research report released on Thursday morning, Benzinga reports. Bank of America currently has a neutral rating on the stock.

A number of other research firms have also recently weighed in on BRFS. Barclays increased their price objective on shares of BRF from $4.00 to $4.50 and gave the stock an overweight rating in a report on Friday, May 17th. StockNews.com cut shares of BRF from a strong-buy rating to a buy rating in a research note on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, BRF has a consensus rating of Moderate Buy and an average target price of $10.70.

BRF Stock Up 1.8 %

BRFS stock opened at $4.48 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 1.10. BRF has a fifty-two week low of $1.75 and a fifty-two week high of $4.55. The firm’s 50-day simple moving average is $3.88 and its 200 day simple moving average is $3.50. The stock has a market cap of $4.85 billion, a PE ratio of 89.60, a price-to-earnings-growth ratio of 0.41 and a beta of 1.91.

BRF (NYSE:BRFS) last released its quarterly earnings data on Thursday, August 15th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. BRF had a net margin of 0.81% and a return on equity of 2.93%. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the company earned ($0.10) EPS. As a group, sell-side analysts predict that BRF will post 0.29 EPS for the current year.

Hedge Funds Weigh In On BRF

Several hedge funds have recently made changes to their positions in BRFS. Intelligence Driven Advisers LLC acquired a new position in shares of BRF in the 4th quarter worth approximately $30,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of BRF in the 4th quarter worth approximately $41,000. Bayesian Capital Management LP acquired a new position in shares of BRF in the 1st quarter worth approximately $48,000. Atomi Financial Group Inc. acquired a new position in shares of BRF in the 2nd quarter worth approximately $48,000. Finally, Blue Trust Inc. acquired a new position in shares of BRF in the 2nd quarter worth approximately $51,000. Institutional investors and hedge funds 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.