Shares of Brf S.A. (NYSE:BRFS) have been given a consensus recommendation of “Hold” by the eight analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $10.00.

Several brokerages recently commented on BRFS. BBA Icatu Securities raised shares of BRF from a “market perform” rating to an “outperform” rating in a research note on Monday, July 22nd. ValuEngine downgraded shares of BRF from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Citigroup downgraded shares of BRF from a “neutral” rating to a “sell” rating in a research note on Monday, July 29th. HSBC downgraded shares of BRF from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Finally, Zacks Investment Research raised shares of BRF from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Wednesday, October 9th.

A number of large investors have recently modified their holdings of BRFS. Oaktree Capital Management LP lifted its stake in BRF by 9.9% in the 1st quarter. Oaktree Capital Management LP now owns 5,971,024 shares of the company’s stock valued at $34,751,000 after purchasing an additional 540,119 shares during the last quarter. Nordea Investment Management AB acquired a new position in BRF in the 1st quarter valued at approximately $760,000. Daiwa Securities Group Inc. increased its position in BRF by 273.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 161,500 shares of the company’s stock valued at $1,227,000 after acquiring an additional 118,300 shares during the period. Atlas Capital Advisors LLC increased its position in BRF by 1,167.8% in the 2nd quarter. Atlas Capital Advisors LLC now owns 27,917 shares of the company’s stock valued at $212,000 after acquiring an additional 25,715 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in BRF by 135.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,220 shares of the company’s stock valued at $222,000 after acquiring an additional 16,800 shares during the period. 10.65% of the stock is owned by institutional investors and hedge funds.

Shares of BRF stock traded up $0.31 on Monday, reaching $9.03. 2,141,800 shares of the stock were exchanged, compared to its average volume of 3,853,472. The firm’s 50 day moving average is $9.11 and its 200-day moving average is $8.28. BRF has a one year low of $4.99 and a one year high of $9.96. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.76 and a current ratio of 1.15. The firm has a market cap of $6.96 billion, a PE ratio of -16.72 and a beta of 0.73.

BRF (NYSE:BRFS) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.05. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $2.08 billion. BRF had a negative net margin of 11.18% and a negative return on equity of 9.46%. On average, equities research analysts expect that BRF will post 0.16 EPS for the current fiscal year.

BRF Company Profile

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine; and soy meal and refined soy flour, as well as animal feed.

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Analyst Recommendations for BRF (NYSE:BRFS)

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