StockNews.com Upgrades BRF (NYSE:BRFS) to “Strong-Buy”

BRF (NYSE:BRFS) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

Separately, Citigroup upgraded BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $10.70.

BRF Trading Up 2.6 %

Shares of NYSE:BRFS opened at $3.31 on Friday. BRF has a 12-month low of $2.99 and a 12-month high of $4.87. The firm has a market capitalization of $3.58 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 0.19 and a beta of 1.90. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. The firm has a fifty day moving average of $3.62 and a two-hundred day moving average of $4.13.

BRF (NYSE:BRFS) last issued its earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.72 billion. BRF had a return on equity of 19.66% and a net margin of 6.52%. On average, equities analysts expect that BRF will post 0.45 EPS for the current fiscal year.

Institutional Trading of BRF

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its stake in BRF by 50.3% in 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 during the last quarter. Vident Advisory LLC grew its position in shares of BRF by 40.4% in the fourth quarter. Vident Advisory LLC now owns 68,391 shares of the company’s stock valued at $278,000 after purchasing an additional 19,670 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in BRF by 111.1% during the 4th quarter. Two Sigma Advisers LP now owns 662,300 shares of the company’s stock worth $2,696,000 after purchasing an additional 348,600 shares during the last quarter. Two Sigma Investments LP boosted its stake in BRF by 4.3% in 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 during the period. Finally, Point72 Asset Management L.P. acquired a new position in BRF in the 4th quarter valued at $1,490,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Company Profile

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.