BRF (NYSE:BRFS) Upgraded at StockNews.com

StockNews.com upgraded shares of BRF (NYSE:BRFS) from a buy rating to a strong-buy rating in a research note published on Wednesday.

A number of other equities analysts have also recently issued reports on the stock. Barclays upped their price objective on shares of BRF from $4.50 to $5.00 and gave the stock an overweight rating in a research report on Friday, August 16th. Bank of America increased their price target on BRF from $22.00 to $24.00 and gave the company a neutral rating in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, BRF presently has an average rating of Moderate Buy and a consensus price target of $10.70.

BRF Trading Down 0.2 %

Shares of BRFS stock opened at $4.59 on Wednesday. BRF has a fifty-two week low of $1.75 and a fifty-two week high of $4.76. The stock’s fifty day moving average price is $3.98 and its two-hundred day moving average price is $3.54. 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 company has a market cap of $4.97 billion, a PE ratio of 91.80, a P/E/G ratio of 0.34 and a beta of 1.91.

BRF (NYSE:BRFS) last announced its quarterly earnings data on Thursday, August 15th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.55 billion. BRF had a return on equity of 11.58% and a net margin of 3.61%. During the same period in the prior year, the company earned ($0.10) EPS. Equities analysts predict that BRF will post 0.35 EPS for the current fiscal year.

Hedge Funds Weigh In On BRF

Several large investors have recently modified their holdings of BRFS. B. Riley Wealth Advisors Inc. increased its holdings in BRF by 8.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 386,300 shares of the company’s stock valued at $1,572,000 after purchasing an additional 30,300 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of BRF in the second quarter valued at about $927,000. Marshall Wace LLP raised its position in shares of BRF by 534.6% during the second quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock worth $18,816,000 after acquiring an additional 3,894,533 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of BRF in the second quarter worth approximately $190,000. Finally, Hsbc Holdings PLC increased its position in BRF by 886.7% during the 2nd quarter. Hsbc Holdings PLC now owns 230,636 shares of the company’s stock valued at $939,000 after purchasing an additional 207,262 shares during the period. 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.