BRF (NYSE:BRFS – Get Rating) was downgraded by equities researchers at Citigroup from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, The Fly reports.
Several other research analysts have also weighed in on the stock. StockNews.com began coverage on shares of BRF in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. The Goldman Sachs Group lifted their price objective on shares of BRF from $2.50 to $2.80 and gave the stock a “sell” rating in a research note on Thursday, August 18th. Finally, JPMorgan Chase & Co. raised shares of BRF from an “underweight” rating to a “neutral” rating in a research note on Tuesday, September 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $2.80.
BRF Stock Down 10.7 %
Shares of NYSE BRFS opened at $2.59 on Tuesday. The firm has a market capitalization of $2.09 billion, a PE ratio of -9.96 and a beta of 1.77. The company has a current ratio of 1.30, a quick ratio of 0.70 and a debt-to-equity ratio of 1.58. BRF has a 1 year low of $2.30 and a 1 year high of $4.49. The firm’s 50-day moving average is $2.86 and its 200-day moving average is $2.89.
BRF (NYSE:BRFS – Get Rating) last released its quarterly earnings data on Thursday, August 11th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.12). BRF had a negative return on equity of 13.45% and a negative net margin of 2.97%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $13.37 billion. Equities analysts expect that BRF will post -0.41 EPS for the current year.
Institutional Trading of BRF
A number of hedge funds and other institutional investors have recently made changes to their positions in BRFS. Goldman Sachs Group Inc. raised its holdings in shares of BRF by 2,443.7% in the second quarter. Goldman Sachs Group Inc. now owns 5,670,843 shares of the company’s stock valued at $14,518,000 after purchasing an additional 5,447,910 shares during the last quarter. Polunin Capital Partners Ltd acquired a new position in BRF during the first quarter worth $19,709,000. BlackRock Inc. increased its holdings in BRF by 132.8% during the first quarter. BlackRock Inc. now owns 5,190,782 shares of the company’s stock worth $20,606,000 after buying an additional 2,961,528 shares during the last quarter. Sei Investments Co. increased its holdings in BRF by 421.8% during the second quarter. Sei Investments Co. now owns 2,018,755 shares of the company’s stock worth $5,168,000 after buying an additional 1,631,857 shares during the last quarter. Finally, State Street Corp increased its holdings in BRF by 35.8% during the second quarter. State Street Corp now owns 1,871,341 shares of the company’s stock worth $4,791,000 after buying an additional 493,437 shares during the last quarter. 8.43% of the stock is currently 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, margarine, and other products. The company’s product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and beef; processed food products, such as marinated, frozen, whole and cut chicken, roosters, turkey meat, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products, chicken sausages, chicken hot dogs, and chicken bologna; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs.
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