BRF (NYSE:BRFS) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of BRF (NYSE:BRFS) from a buy rating to a strong-buy rating in a research report sent to investors on Friday morning.

Separately, Citigroup raised shares of BRF from a “hold” rating to a “strong-buy” rating in a research 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 given a strong buy rating to the company. According to data from MarketBeat.com, BRF currently has a consensus rating of “Buy” and an average price target of $10.70.

BRF Stock Performance

NYSE:BRFS opened at $3.31 on Friday. The company has a market capitalization of $3.58 billion, a PE ratio of 7.69, a P/E/G ratio of 0.19 and a beta of 1.90. The company has a 50 day simple moving average of $3.62 and a two-hundred day simple moving average of $4.13. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45. BRF has a fifty-two week low of $2.99 and a fifty-two week high of $4.87.

BRF (NYSE:BRFS) last released 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 net margin of 6.52% and a return on equity of 19.66%. Research analysts anticipate that BRF will post 0.45 earnings per share for the current year.

Institutional Trading of BRF

Several large investors have recently modified their holdings of BRFS. Creative Planning grew its position in shares of BRF by 15.4% during the 3rd quarter. Creative Planning now owns 77,539 shares of the company’s stock worth $339,000 after buying an additional 10,361 shares during the period. US Bancorp DE lifted its holdings in shares of BRF by 127.1% in the 3rd quarter. US Bancorp DE now owns 15,871 shares of the company’s stock worth $69,000 after purchasing an additional 8,882 shares in the last quarter. Assetmark Inc. bought a new position in shares of BRF in the 3rd quarter worth $78,000. Natixis Advisors LLC lifted its holdings in shares of BRF by 97.9% in the 3rd quarter. Natixis Advisors LLC now owns 241,221 shares of the company’s stock worth $1,054,000 after purchasing an additional 119,346 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of BRF by 660.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company’s stock worth $5,281,000 after purchasing an additional 1,049,373 shares in the last quarter. 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.