Brf S.A. (NYSE:BRFS - Get Free Report)'s share price traded up 4.2% during trading on Thursday . The company traded as high as $3.34 and last traded at $3.38. 253,840 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 2,003,849 shares. The stock had previously closed at $3.24.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Citigroup upgraded BRF from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. StockNews.com raised BRF from a "buy" rating to a "strong-buy" rating in a research report on Friday. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $10.70.
Read Our Latest Research Report on BRFS
BRF Trading Down 3.2 %
The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. The business has a 50-day moving average of $3.61 and a 200-day moving average of $4.12. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 7.48, a P/E/G ratio of 0.19 and a beta of 1.90.
BRF (NYSE:BRFS - Get Free Report) last announced its quarterly 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 business 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%. Research analysts anticipate that Brf S.A. will post 0.45 EPS for the current year.
Hedge Funds Weigh In On BRF
A number of institutional investors have recently bought and sold shares of the business. Navellier & Associates Inc. increased its position in BRF by 2.6% during the fourth quarter. Navellier & Associates Inc. now owns 234,706 shares of the company's stock worth $955,000 after buying an additional 5,977 shares during the last quarter. TD Private Client Wealth LLC acquired a new position in BRF during the third quarter worth approximately $27,000. Two Sigma Securities LLC increased its position in BRF by 15.3% during the fourth quarter. Two Sigma Securities LLC now owns 49,704 shares of the company's stock worth $202,000 after buying an additional 6,597 shares during the last quarter. Mariner LLC increased its position in BRF by 26.7% during the fourth quarter. Mariner LLC now owns 41,864 shares of the company's stock worth $170,000 after buying an additional 8,815 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of BRF by 127.1% in the third quarter. US Bancorp DE now owns 15,871 shares of the company's stock valued at $69,000 after purchasing an additional 8,882 shares during the last quarter. Institutional investors and hedge funds own 4.76% of the company's stock.
About BRF
(
Get Free Report)
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.
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