Analysts Set Brf S.A. (NYSE:BRFS) Price Target at $10.70

Shares of Brf S.A. (NYSE:BRFS - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $10.70.

BRFS has been the subject of a number of research reports. StockNews.com upgraded shares of BRF from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 20th. Citigroup upgraded shares of BRF from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd.

Hedge Funds Weigh In On BRF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRFS. TD Private Client Wealth LLC acquired a new position in BRF in the 3rd quarter worth approximately $27,000. Hennion & Walsh Asset Management Inc. acquired a new position in BRF in the 4th quarter worth approximately $43,000. PFG Investments LLC acquired a new position in BRF in the 4th quarter worth approximately $51,000. Headlands Technologies LLC acquired a new position in BRF in the 4th quarter worth approximately $55,000. Finally, US Bancorp DE boosted its stake in 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 during the period. Institutional investors and hedge funds own 4.76% of the company's stock.

BRF Price Performance

NYSE:BRFS traded up $0.03 during trading hours on Tuesday, reaching $3.36. 1,100,804 shares of the company's stock were exchanged, compared to its average volume of 1,921,612. The company has a market capitalization of $3.63 billion, a P/E ratio of 7.80, a price-to-earnings-growth ratio of 0.19 and a beta of 1.86. BRF has a 12 month low of $2.67 and a 12 month high of $4.87. 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 business's 50-day simple moving average is $3.84 and its two-hundred day simple moving average is $4.20.

BRF Cuts Dividend

The company also recently disclosed a -- dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were paid a $0.0217 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, December 18th. BRF's dividend payout ratio is 18.60%.

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.