BRF SA (NYSE:BRFS) Receives Consensus Recommendation of “Hold” from Brokerages
BRF SA (NYSE:BRFS) has earned an average recommendation of “Hold” from the six analysts that are covering the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $16.00.
Separately, Zacks Investment Research raised shares of BRF SA from a “sell” rating to a “hold” rating in a research report on Tuesday, September 20th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wetherby Asset Management Inc. acquired a new position in BRF SA during the second quarter valued at approximately $140,000. Charlemagne Capital Ltd. raised its position in BRF SA by 32.7% in the second quarter. Charlemagne Capital Ltd. now owns 10,539 shares of the company’s stock valued at $147,000 after buying an additional 2,599 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in BRF SA during the first quarter valued at approximately $148,000. Sei Investments Co. raised its position in BRF SA by 142.4% in the second quarter. Sei Investments Co. now owns 10,756 shares of the company’s stock valued at $150,000 after buying an additional 6,319 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in BRF SA by 0.9% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,109 shares of the company’s stock valued at $153,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 7.39% of the company’s stock.
Shares of BRF SA (NYSE:BRFS) traded up 0.34% on Thursday, hitting $17.76. 1,292,383 shares of the stock traded hands. The firm has a market cap of $14.19 billion, a P/E ratio of 20.07 and a beta of 1.03. The firm’s 50-day moving average is $16.78 and its 200 day moving average is $14.91. BRF SA has a 12-month low of $11.05 and a 12-month high of $18.07.
BRF SA (NYSE:BRFS) last released its earnings results on Friday, July 29th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.27. Equities research analysts forecast that BRF SA will post $1.19 EPS for the current fiscal year.
About BRF SA
BRF SA (BRF) is a food company that focuses on the production and sale of poultry, pork and processed foods. The Company produces fresh and frozen protein foods, with a portfolio of over four thousand stock keeping units (SKUs). It sells margarine, sweet specialties, sandwiches, mayonnaise and animal feed.
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