Brf S.A. (NYSE:BRFS) has been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $8.92.
A number of research analysts have recently commented on BRFS shares. BBA Icatu Securities upgraded BRF from a “market perform” rating to an “outperform” rating in a report on Monday, July 22nd. Zacks Investment Research upgraded BRF from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a report on Wednesday. JPMorgan Chase & Co. upgraded BRF from a “neutral” rating to an “overweight” rating and set a $8.00 price target on the stock in a research note on Thursday, June 13th. ValuEngine downgraded BRF from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Barclays restated a “buy” rating and set a $9.00 price target on shares of BRF in a research note on Wednesday, May 15th.
A number of large investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. grew its stake in BRF by 16.7% during the 1st quarter. Baillie Gifford & Co. now owns 20,229,356 shares of the company’s stock worth $117,735,000 after buying an additional 2,893,224 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of BRF by 9.9% in the 1st quarter. Wells Fargo & Company MN now owns 12,653,095 shares of the company’s stock valued at $73,641,000 after purchasing an additional 1,144,501 shares during the last quarter. Oaktree Capital Management LP grew its stake in shares of 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. Bank of America Corp DE grew its stake in shares of BRF by 1,282.8% in the 4th quarter. Bank of America Corp DE now owns 1,287,885 shares of the company’s stock valued at $7,315,000 after purchasing an additional 1,194,752 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of BRF in the 4th quarter valued at approximately $7,062,000. Hedge funds and other institutional investors own 12.20% of the company’s stock.
BRF (NYSE:BRFS) last released its quarterly earnings data on Friday, May 10th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. BRF had a negative return on equity of 30.33% and a negative net margin of 16.41%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.01 billion. Analysts forecast that BRF will post 0.05 EPS for the current year.
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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