BRF (NYSE:BRFS) Shares Up 4.2% – Time to Buy?

Brf S.A. (NYSE:BRFS) rose 4.2% during trading on Thursday . The stock traded as high as $3.34 and last traded at $3.38. Approximately 253,840 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 2,003,849 shares. The stock had previously closed at $3.24.

Analysts Set New Price Targets

BRFS has been the topic of several analyst reports. StockNews.com raised shares of BRF from a “buy” rating to a “strong-buy” rating in a research note on Friday. Citigroup raised shares of BRF from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $10.70.

BRF Trading Up 2.6 %

The firm has a market cap of $3.58 billion, a P/E ratio of 7.69, a PEG ratio of 0.19 and a beta of 1.90. The firm’s fifty day moving average is $3.64 and its two-hundred day moving average is $4.14. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05.

BRF (NYSE:BRFS) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.11). The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.72 billion. BRF had a net margin of 6.52% and a return on equity of 19.66%. Analysts predict that Brf S.A. will post 0.45 earnings per share for the current fiscal year.

Institutional Trading of BRF

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its holdings in shares of BRF by 50.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 284,203 shares of the company’s stock valued at $1,157,000 after buying an additional 95,158 shares in the last quarter. Vident Advisory LLC boosted its holdings in shares of BRF by 40.4% during the 4th quarter. Vident Advisory LLC now owns 68,391 shares of the company’s stock valued at $278,000 after buying an additional 19,670 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of BRF by 111.1% during the 4th quarter. Two Sigma Advisers LP now owns 662,300 shares of the company’s stock valued at $2,696,000 after buying an additional 348,600 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of BRF by 4.3% during the 4th quarter. Two Sigma Investments LP now owns 2,217,514 shares of the company’s stock valued at $9,025,000 after buying an additional 91,268 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of BRF during the 4th quarter valued at $1,490,000. Institutional investors own 4.76% of the company’s stock.

About BRF

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.