BRF (BRFS) Downgraded by ValuEngine

ValuEngine cut shares of BRF (NYSE:BRFS) from a sell rating to a strong sell rating in a report issued on Wednesday, May 2nd.

Several other analysts have also weighed in on BRFS. TheStreet lowered BRF from a c- rating to a d+ rating in a report on Thursday, February 8th. JPMorgan Chase lowered BRF from an overweight rating to a neutral rating in a research note on Friday, February 23rd. UBS lowered BRF from a buy rating to a hold rating in a research note on Friday, February 23rd. Zacks Investment Research downgraded BRF from a hold rating to a strong sell rating in a research report on Monday, February 26th. Finally, Bank of America downgraded BRF from a buy rating to a neutral rating in a research report on Tuesday, March 6th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. BRF presently has an average rating of Hold and an average target price of $11.50.

Shares of BRF opened at $6.00 on Wednesday, MarketBeat Ratings reports. BRF has a 12-month low of $6.47 and a 12-month high of $6.63. The company has a quick ratio of 0.85, a current ratio of 1.29 and a debt-to-equity ratio of 1.32.

BRF (NYSE:BRFS) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.09). BRF had a negative return on equity of 1.81% and a negative net margin of 2.96%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.88 billion. sell-side analysts forecast that BRF will post 0.1 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ellington Management Group LLC purchased a new position in shares of BRF in the fourth quarter worth about $114,000. ING Groep NV purchased a new position in shares of BRF in the fourth quarter worth about $146,000. Commerzbank Aktiengesellschaft FI raised its stake in shares of BRF by 90.7% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 31,812 shares of the company’s stock worth $220,000 after purchasing an additional 15,128 shares during the last quarter. Gould Asset Management LLC CA raised its stake in shares of BRF by 56.0% in the fourth quarter. Gould Asset Management LLC CA now owns 19,621 shares of the company’s stock worth $221,000 after purchasing an additional 7,045 shares during the last quarter. Finally, Banco de Sabadell S.A purchased a new position in shares of BRF in the first quarter worth about $252,000. 7.62% of the stock is owned by institutional investors and hedge funds.

BRF Company Profile

BRF SA focuses on raising, producing, and slaughtering poultry and pork in Brazil, Latin America, Europe, the Middle East, Africa, and Asia. The company also processes, produces and sells fresh meat, processed foods, pasta, sauce, mayonnaise, frozen vegetables and soybean by-products. Its product portfolio comprise 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, sauces and mayonnaise; and soy meal and refined soy flour, and animal feed.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for BRF (NYSE:BRFS)

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