BRF (NYSE:BRFS) Upgraded to “Hold” at StockNews.com

BRF (NYSE:BRFS) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Several other equities research analysts have also commented on the company. Barclays boosted their price target on BRF from $1.50 to $2.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. JPMorgan Chase & Co. started coverage on BRF in a research note on Friday, August 4th. They issued an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $2.00.

BRF Price Performance

NYSE:BRFS opened at $2.88 on Tuesday. The stock has a fifty day moving average price of $2.16 and a 200 day moving average price of $1.96. The company has a current ratio of 1.29, a quick ratio of 0.63 and a debt-to-equity ratio of 1.18. BRF has a 12-month low of $1.05 and a 12-month high of $2.90.

BRF (NYSE:BRFS) last issued its quarterly earnings results on Monday, November 13th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $2.83 billion during the quarter. BRF had a negative net margin of 5.54% and a negative return on equity of 25.83%. Equities analysts expect that BRF will post 0.41 earnings per share for the current fiscal year.

Institutional Trading of BRF

Large investors have recently added to or reduced their stakes in the business. Creative Planning bought a new position in BRF in the 4th quarter worth $26,000. Tower Research Capital LLC TRC raised its holdings in BRF by 223.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,237 shares of the company’s stock worth $27,000 after acquiring an additional 9,835 shares during the period. Genus Capital Management Inc. bought a new position in BRF in the 2nd quarter worth $42,000. Signaturefd LLC raised its holdings in BRF by 82.6% in the 2nd quarter. Signaturefd LLC now owns 27,326 shares of the company’s stock worth $52,000 after acquiring an additional 12,361 shares during the period. Finally, Mariner LLC bought a new position in BRF in the 3rd quarter worth $55,000. 8.01% of the stock is currently owned by institutional investors.

BRF Company Profile

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