Brf S.A. (NYSE:BRFS) Receives $10.70 Consensus Price Target from Analysts

Brf S.A. (NYSE:BRFS - Get Free Report) has earned an average rating of "Moderate Buy" from the five analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $10.70.

Several analysts recently weighed in on the stock. StockNews.com cut shares of BRF from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th. Citigroup raised BRF from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Quantitative Investments LLC purchased a new position in BRF in the fourth quarter worth $1,042,000. QRG Capital Management Inc. purchased a new position in BRF during the fourth quarter worth $72,000. Arrowstreet Capital Limited Partnership acquired a new position in BRF in the 4th quarter valued at about $9,258,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of BRF by 75.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,121,828 shares of the company's stock valued at $8,636,000 after buying an additional 913,453 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of BRF by 55.8% during the fourth quarter. Blue Trust Inc. now owns 27,106 shares of the company's stock worth $118,000 after purchasing an additional 9,709 shares during the last quarter. 4.76% of the stock is currently owned by institutional investors and hedge funds.

BRF Trading Up 1.9 %

Shares of NYSE:BRFS traded up $0.07 during mid-day trading on Wednesday, reaching $3.48. 1,686,127 shares of the company were exchanged, compared to its average volume of 2,461,304. BRF has a 1 year low of $2.99 and a 1 year high of $4.87. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. The firm's 50-day simple moving average is $3.36 and its 200 day simple moving average is $3.91. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 0.19 and a beta of 1.51.

BRF (NYSE:BRFS - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.11). The business had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.72 billion. BRF had a return on equity of 19.66% and a net margin of 6.52%. Equities research analysts forecast that BRF will post 0.45 EPS for the current year.

About BRF

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.