ValuEngine Lowers BRF (NYSE:BRFS) to Hold

ValuEngine lowered shares of BRF (NYSE:BRFS) from a buy rating to a hold rating in a report published on Thursday morning, ValuEngine reports.

Several other research firms have also commented on BRFS. BBA Icatu Securities raised BRF from a market perform rating to an outperform rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. upgraded BRF from a neutral rating to an overweight rating and set a $8.00 target price on the stock in a research note on Thursday, June 13th. Zacks Investment Research upgraded BRF from a hold rating to a buy rating and set a $9.75 target price on the stock in a research note on Wednesday. Citigroup downgraded BRF from a neutral rating to a sell rating in a research note on Monday, July 29th. Finally, Barclays restated a buy rating and set a $9.00 target price on shares of BRF in a research note on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $8.92.

Shares of BRFS traded down $0.12 during trading hours on Thursday, hitting $8.68. The company had a trading volume of 2,777,721 shares, compared to its average volume of 3,587,105. The company has a market cap of $7.15 billion, a P/E ratio of -16.07 and a beta of 0.82. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.21 and a quick ratio of 0.82. BRF has a one year low of $4.71 and a one year high of $9.37. The business’s fifty day moving average price is $8.34.

BRF (NYSE:BRFS) last released its quarterly earnings results on Friday, May 10th. The company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.01 billion. BRF had a negative return on equity of 30.33% and a negative net margin of 16.41%. Sell-side analysts predict that BRF will post 0.05 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Citizens Financial Group Inc RI purchased a new position in BRF during the 1st quarter worth $26,000. Quantamental Technologies LLC purchased a new position in BRF during the 1st quarter worth $39,000. Quadrant Capital Group LLC grew its stake in BRF by 29.1% during the 1st quarter. Quadrant Capital Group LLC now owns 7,672 shares of the company’s stock worth $43,000 after buying an additional 1,729 shares during the last quarter. HRT Financial LLC purchased a new position in BRF during the 4th quarter worth $58,000. Finally, Capital Innovations LLC purchased a new stake in BRF during the 1st quarter valued at about $453,000. Hedge funds and other institutional investors own 12.20% 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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