Analysts Set Brf S.A. (NYSE:BRFS) Price Target at $10.70

Shares of Brf S.A. (NYSE:BRFS) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $10.70.

Several equities research analysts recently commented on BRFS shares. StockNews.com downgraded shares of BRF from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Citigroup upgraded shares of BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd.

BRF Stock Down 0.7 %

Shares of NYSE:BRFS opened at $3.45 on Friday. BRF has a 52-week low of $2.99 and a 52-week high of $4.87. The company has a market capitalization of $3.73 billion, a PE ratio of 8.01, a price-to-earnings-growth ratio of 0.19 and a beta of 1.90. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45. The company has a fifty day moving average of $3.49 and a 200-day moving average of $4.04.

BRF (NYSE:BRFS) last posted its earnings results on Wednesday, February 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.11). The firm 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%. On average, equities analysts predict that BRF will post 0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in shares of BRF by 50.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 284,203 shares of the company’s stock worth $1,157,000 after buying an additional 95,158 shares during the period. Vident Advisory LLC grew its holdings in BRF by 40.4% during the 4th quarter. Vident Advisory LLC now owns 68,391 shares of the company’s stock worth $278,000 after acquiring an additional 19,670 shares during the period. Two Sigma Advisers LP lifted its stake in shares of BRF by 111.1% in the 4th quarter. Two Sigma Advisers LP now owns 662,300 shares of the company’s stock valued at $2,696,000 after purchasing an additional 348,600 shares during the period. Two Sigma Investments LP boosted its position 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 purchasing an additional 91,268 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in BRF during the fourth quarter worth approximately $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.