BRF (NYSE:BRFS) Rating Increased to Overweight at JPMorgan Chase & Co.

BRF (NYSE:BRFS) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Monday, Marketbeat reports.

Several other research analysts have also commented on the stock. StockNews.com upgraded shares of BRF from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Barclays raised shares of BRF from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $2.50 to $4.00 in a report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, BRF has a consensus rating of “Moderate Buy” and an average target price of $3.55.

BRF Stock Down 2.0 %

BRF stock opened at $3.40 on Monday. The firm has a market cap of $3.68 billion, a PE ratio of -17.89 and a beta of 1.95. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.86 and a current ratio of 1.34. The firm’s 50 day moving average price is $3.14 and its two-hundred day moving average price is $2.78. BRF has a twelve month low of $1.15 and a twelve month high of $3.52.

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

Hedge Funds Weigh In On BRF

A number of hedge funds have recently made changes to their positions in BRFS. Creative Planning acquired a new stake in shares of BRF during the 4th quarter worth about $26,000. Tower Research Capital LLC TRC increased its position in shares of BRF by 223.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 14,237 shares of the company’s stock worth $27,000 after purchasing an additional 9,835 shares in the last quarter. Intelligence Driven Advisers LLC acquired a new stake in shares of BRF during the 4th quarter worth about $30,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of BRF during the 4th quarter worth about $41,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of BRF during the 4th quarter worth about $53,000. Institutional investors and hedge funds 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.