BRF (NYSE:BRFS) Lifted to Neutral at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of BRF (NYSE:BRFS) from a sell rating to a neutral rating in a research report sent to investors on Monday morning, Benzinga reports. The Goldman Sachs Group currently has $3.10 price objective on the stock, up from their previous price objective of $1.90.

Several other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised shares of BRF from a neutral rating to an overweight rating in a research report on Monday. StockNews.com raised shares of BRF from a hold rating to a buy rating in a research report on Friday, March 1st. Finally, Barclays raised shares of BRF from an equal weight rating to an overweight rating and lifted their target price for the stock from $2.50 to $4.00 in a research report on Monday, March 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, BRF presently has a consensus rating of Moderate Buy and a consensus price target of $3.55.

BRF Trading Down 4.0 %

NYSE:BRFS opened at $3.27 on Monday. The stock has a fifty day simple moving average of $3.15 and a 200 day simple moving average of $2.78. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of -17.18 and a beta of 1.95. BRF has a 1-year low of $1.15 and a 1-year high of $3.52. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.13.

BRF (NYSE:BRFS) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.08. The firm had revenue of $1.69 billion for the quarter. BRF had a negative return on equity of 8.52% and a negative net margin of 2.29%. Sell-side analysts forecast that BRF will post 0.13 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRFS. Creative Planning purchased a new position in BRF during the fourth quarter valued at approximately $26,000. Tower Research Capital LLC TRC grew its position in BRF by 223.4% during the second quarter. Tower Research Capital LLC TRC now owns 14,237 shares of the company’s stock valued at $27,000 after purchasing an additional 9,835 shares in the last quarter. Intelligence Driven Advisers LLC purchased a new position in BRF during the fourth quarter valued at approximately $30,000. Vanguard Personalized Indexing Management LLC purchased a new position in BRF during the fourth quarter valued at approximately $41,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in BRF during the fourth quarter valued at approximately $53,000. 4.76% of the stock is owned by hedge funds and other institutional investors.

BRF Company Profile

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.