BRF (NYSE:BRFS) Stock Price Down 4.2% - What's Next?

Brf S.A. (NYSE:BRFS - Get Free Report) fell 4.2% during mid-day trading on Monday . The stock traded as low as $3.04 and last traded at $3.05. 193,560 shares changed hands during trading, a decline of 92% from the average session volume of 2,531,620 shares. The stock had previously closed at $3.18.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com downgraded BRF from a "strong-buy" rating to a "buy" rating in a report on Thursday. Citigroup upgraded BRF from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $10.70.

BRF Trading Down 0.7 %

The stock 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 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's 50-day simple moving average is $3.50 and its 200 day simple moving average is $4.05.

BRF (NYSE:BRFS - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $2.72 billion. Equities research analysts anticipate that Brf S.A. will post 0.45 EPS for the current fiscal year.

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Institutional Investors Weigh In On BRF

Institutional investors have recently modified their holdings of the stock. Natixis Advisors LLC grew its position in BRF by 97.9% in the third quarter. Natixis Advisors LLC now owns 241,221 shares of the company's stock worth $1,054,000 after acquiring an additional 119,346 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in BRF by 660.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company's stock valued at $5,281,000 after acquiring an additional 1,049,373 shares during the period. QRG Capital Management Inc. acquired a new position in shares of BRF in the 4th quarter valued at $72,000. Blue Trust Inc. lifted its position in shares of BRF by 55.8% during the 4th quarter. Blue Trust Inc. now owns 27,106 shares of the company's stock worth $118,000 after buying an additional 9,709 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in BRF in the third quarter valued at about $826,000. Institutional investors and hedge funds 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.