Research analysts at JPMorgan Chase & Co. began coverage on shares of BRF (NYSE:BRFS – Get Free Report) in a research note issued on Friday, MarketBeat Ratings reports. The brokerage set an “overweight” rating on the stock.
Several other equities research analysts also recently issued reports on BRFS. StockNews.com upgraded shares of BRF from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. Bank of America upgraded shares of BRF from an “underperform” rating to a “neutral” rating in a research report on Wednesday, May 31st. Finally, The Goldman Sachs Group downgraded shares of BRF from a “neutral” rating to a “sell” rating in a research report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, BRF presently has a consensus rating of “Hold” and a consensus price target of $1.95.
Get Our Latest Stock Report on BRF
BRF Price Performance
Shares of NYSE BRFS traded up $0.16 during mid-day trading on Friday, hitting $2.15. The company had a trading volume of 2,872,331 shares, compared to its average volume of 5,911,987. The firm has a 50-day simple moving average of $1.87 and a two-hundred day simple moving average of $1.54. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.19 and a quick ratio of 0.67. BRF has a one year low of $1.06 and a one year high of $3.42.
BRF (NYSE:BRFS – Get Free Report) last announced its quarterly earnings data on Monday, May 15th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.10). BRF had a negative net margin of 5.24% and a negative return on equity of 24.10%. The company had revenue of $2.54 billion during the quarter. Sell-side analysts expect that BRF will post 1.4 EPS for the current year.
Institutional Trading of BRF
Institutional investors and hedge funds have recently made changes to their positions in the company. Herr Investment Group LLC bought a new position in BRF in the 4th quarter valued at $790,000. Inspire Advisors LLC raised its position in BRF by 93.0% in the first quarter. Inspire Advisors LLC now owns 48,282 shares of the company’s stock worth $62,000 after acquiring an additional 23,261 shares during the period. West Family Investments Inc. purchased a new position in BRF in the fourth quarter valued at about $49,000. Ninety One UK Ltd grew its position in shares of BRF by 61.4% during the 1st quarter. Ninety One UK Ltd now owns 4,172,085 shares of the company’s stock valued at $5,340,000 after acquiring an additional 1,587,487 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of BRF by 890.8% during the 1st quarter. Van ECK Associates Corp now owns 503,847 shares of the company’s stock worth $645,000 after purchasing an additional 452,996 shares during the last quarter. Hedge funds and other institutional investors own 10.78% of the company’s stock.
About BRF
BRF SA engages in raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company’s product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and turkey; processed food products, such as marinated, frozen, whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, chicken hot dogs, and chicken bologna.
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