BRF (BRFS) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of BRF (NYSE:BRFS) from a hold rating to a buy rating in a report released on Monday, ValuEngine reports.

Several other research firms also recently issued reports on BRFS. Zacks Investment Research upgraded shares of BRF from a hold rating to a buy rating and set a $8.75 price objective for the company in a research note on Wednesday, May 8th. Santander upgraded shares of BRF from a hold rating to a buy rating in a research note on Monday, April 1st. Finally, Barclays restated a buy rating and issued a $7.00 price objective on shares of BRF in a research note on Sunday, March 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. BRF currently has an average rating of Buy and an average price target of $8.88.

NYSE BRFS opened at $7.92 on Monday. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.21 and a quick ratio of 0.94. BRF has a 1 year low of $4.65 and a 1 year high of $8.12. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of -14.67 and a beta of 0.73.

BRF (NYSE:BRFS) last released its quarterly earnings data on Thursday, February 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. BRF had a negative net margin of 16.41% and a negative return on equity of 30.47%. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.43 billion. On average, sell-side analysts anticipate that BRF will post -0.04 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the company. Clarfeld Financial Advisors LLC purchased a new stake in shares of BRF in the fourth quarter valued at about $25,000. Citizens Financial Group Inc RI purchased a new stake in shares of BRF in the first quarter valued at about $26,000. Quantamental Technologies LLC purchased a new position in BRF during the first quarter worth about $39,000. Quadrant Capital Group LLC raised its holdings in BRF by 29.1% during the first quarter. Quadrant Capital Group LLC now owns 7,672 shares of the company’s stock worth $43,000 after purchasing an additional 1,729 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in BRF by 16.1% during the first quarter. PNC Financial Services Group Inc. now owns 9,779 shares of the company’s stock worth $57,000 after purchasing an additional 1,356 shares in the last quarter. 10.84% 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 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for BRF (NYSE:BRFS)

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