Brf S.A. (NYSE:BRFS) Receives Average Rating of “Hold” from Brokerages

Shares of Brf S.A. (NYSE:BRFSGet Rating) have been given an average rating of “Hold” by the six brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $4.95.

BRFS has been the subject of several analyst reports. Zacks Investment Research upgraded BRF from a “sell” rating to a “hold” rating in a research note on Tuesday, March 22nd. StockNews.com assumed coverage on BRF in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group lowered BRF from a “neutral” rating to a “sell” rating in a research note on Monday, April 11th.

BRF stock opened at $3.05 on Monday. The firm has a market capitalization of $2.47 billion, a P/E ratio of 33.89 and a beta of 1.66. The stock has a fifty day moving average price of $3.44 and a 200 day moving average price of $3.82. BRF has a 52 week low of $2.83 and a 52 week high of $6.07. The company has a current ratio of 1.24, a quick ratio of 0.64 and a debt-to-equity ratio of 2.52.

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of BRF by 3,099.3% in the second quarter. Royal Bank of Canada now owns 9,086 shares of the company’s stock valued at $50,000 after buying an additional 8,802 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of BRF in the fourth quarter valued at about $42,000. OneAscent Financial Services LLC acquired a new stake in shares of BRF in the fourth quarter valued at about $48,000. Yousif Capital Management LLC acquired a new stake in shares of BRF in the fourth quarter valued at about $51,000. Finally, OneAscent Wealth Management LLC acquired a new stake in shares of BRF in the third quarter valued at about $64,000.

BRF Company Profile (Get Rating)

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and beef; processed food products, such as marinated, frozen, whole and cut chicken, roosters, turkey meat, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products, chicken sausages, chicken hot dogs, and chicken bologna; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs.

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