BRF (NYSE:BRFS) Stock Price Up 4.3%

Brf S.A. (NYSE:BRFS) shares traded up 4.3% during mid-day trading on Monday . The stock traded as high as $4.64 and last traded at $4.64. 691,914 shares were traded during trading, a decline of 77% from the average session volume of 3,031,188 shares. The stock had previously closed at $4.45.

Analysts Set New Price Targets

A number of analysts have commented on BRFS shares. Barclays raised their price objective on BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Finally, Bank of America upped 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 given a strong buy rating to the stock. According to MarketBeat, BRF currently has an average rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Trading Up 1.8 %

The company has a market cap of $4.90 billion, a P/E ratio of 89.00, a PEG ratio of 0.27 and a beta of 1.94. The company has a quick ratio of 0.99, a current ratio of 1.45 and a debt-to-equity ratio of 1.20. The business has a fifty day moving average price of $4.18 and a 200-day moving average price of $3.74.

BRF (NYSE:BRFS) last posted its earnings results 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 return on equity of 11.51% and a net margin of 3.61%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the firm earned ($0.10) earnings per share. On average, analysts forecast that Brf S.A. will post 0.43 earnings per share for the current year.

Institutional Investors Weigh In On BRF

A number of large investors have recently added to or reduced their stakes in BRFS. Boston Partners bought a new position in BRF during the 4th quarter worth $118,000. Natixis Advisors LLC acquired a new position in BRF during the 2nd quarter valued at about $496,000. Ballentine Partners LLC purchased a new stake in shares of BRF in the second quarter worth approximately $77,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of BRF during the fourth quarter valued at approximately $53,000. Finally, Bayesian Capital Management LP purchased a new stake in BRF in the 1st quarter valued at $48,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

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.