StockNews.com Downgrades BRF (NYSE:BRFS) to Buy

StockNews.com cut shares of BRF (NYSE:BRFS - Free Report) from a strong-buy rating to a buy rating in a report published on Thursday.

Separately, Citigroup raised shares of BRF from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, BRF has an average rating of "Moderate Buy" and a consensus target price of $10.70.

BRF Stock Down 0.7 %

Shares of NYSE BRFS traded down $0.03 on Thursday, hitting $3.45. The company had a trading volume of 1,213,954 shares, compared to its average volume of 2,522,605. 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 has a 12-month low of $2.99 and a 12-month high of $4.87. The firm has a market capitalization of $3.73 billion, a P/E ratio of 8.01, a PEG ratio of 0.19 and a beta of 1.90. The business has a 50 day moving average of $3.49 and a two-hundred day moving average of $4.04.

BRF (NYSE:BRFS - Get Free Report) last announced its 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). BRF had a net margin of 6.52% and a return on equity of 19.66%. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.72 billion. As a group, equities research analysts forecast that BRF will post 0.45 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On BRF

Institutional investors have recently modified their holdings of the business. TD Private Client Wealth LLC acquired a new stake in BRF in the third quarter worth $27,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of BRF in the 4th quarter worth about $43,000. PFG Investments LLC bought a new stake in BRF in the 4th quarter valued at about $51,000. Headlands Technologies LLC acquired a new position in BRF during the 4th quarter valued at about $55,000. Finally, QRG Capital Management Inc. bought a new position in BRF in the 4th quarter worth about $72,000. Institutional investors 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.