BRF (NYSE:BRFS) Rating Increased to Neutral at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of BRF (NYSE:BRFS) from a sell rating to a neutral rating in a research note issued to investors on Monday, Benzinga reports. The firm currently has $3.10 price target on the stock, up from their prior price target of $1.90.

Other equities analysts have also recently issued reports about the company. Barclays upgraded BRF from an equal weight rating to an overweight rating and raised their target price for the company from $2.50 to $4.00 in a report on Monday, March 4th. StockNews.com upgraded BRF from a hold rating to a buy rating in a report on Friday, March 1st. Finally, JPMorgan Chase & Co. upgraded BRF from a neutral rating to an overweight rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, BRF currently has a consensus rating of Moderate Buy and an average target price of $3.55.

BRF Stock Up 8.8 %

Shares of NYSE:BRFS opened at $3.47 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.13. The business has a fifty day moving average of $3.13 and a two-hundred day moving average of $2.77. The stock has a market cap of $3.76 billion, a P/E ratio of -18.26 and a beta of 1.95. BRF has a 52-week low of $1.15 and a 52-week high of $3.52.

BRF (NYSE:BRFS) last issued its earnings results on Monday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.08. BRF had a negative return on equity of 8.52% and a negative net margin of 2.29%. The company had revenue of $1.69 billion during the quarter. On average, research analysts expect that BRF will post 0.13 earnings per share for the current year.

Hedge Funds Weigh In On BRF

Several hedge funds and other institutional investors have recently made changes to their positions in BRFS. Creative Planning purchased a new position in shares of BRF in the 4th quarter valued at about $26,000. Tower Research Capital LLC TRC boosted its stake in shares of BRF by 223.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,237 shares of the company’s stock valued at $27,000 after buying an additional 9,835 shares during the period. Intelligence Driven Advisers LLC purchased a new position in shares of BRF in the 4th quarter valued at about $30,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of BRF in the 4th quarter valued at about $41,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of BRF in the 4th quarter valued at about $53,000. Hedge funds and other institutional investors own 4.76% of the company’s stock.

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.