BRF (NYSE:BRFS) Upgraded at TheStreet

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BRF (NYSE:BRFS) was upgraded by analysts at TheStreet from a “d+” rating to a “c-” rating in a research note issued to investors on Thursday, TheStreetRatingsTable reports.

Several other analysts have also recently issued reports on BRFS. HSBC cut shares of BRF from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. ValuEngine lowered shares of BRF from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded BRF from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Wednesday, October 9th. Finally, Barclays set a $12.00 price target on BRF and gave the company a “buy” rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $10.00.

BRF stock opened at $8.87 on Thursday. BRF has a 52-week low of $5.02 and a 52-week high of $9.96. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of -16.43 and a beta of 0.69. The company has a fifty day simple moving average of $8.53 and a 200-day simple moving average of $8.57. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 2.40.

BRF (NYSE:BRFS) last issued its earnings results on Friday, November 8th. The company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.05. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.28 billion. BRF had a negative net margin of 7.96% and a positive return on equity of 6.23%. On average, research analysts anticipate that BRF will post 0.32 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of BRF by 204.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,370 shares of the company’s stock valued at $64,000 after acquiring an additional 5,625 shares in the last quarter. Eqis Capital Management Inc. acquired a new position in BRF in the 3rd quarter valued at $107,000. Jefferies Group LLC purchased a new position in BRF during the 2nd quarter worth $114,000. Bank of Nova Scotia purchased a new position in BRF during the 2nd quarter worth $118,000. Finally, Quantamental Technologies LLC lifted its stake in shares of BRF by 141.6% in the 2nd quarter. Quantamental Technologies LLC now owns 16,374 shares of the company’s stock worth $124,000 after acquiring an additional 9,598 shares during the period. Institutional investors and hedge funds own 10.31% of the company’s stock.

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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