BRF (NYSE:BRFS) Reaches New 12-Month High at $3.61

Brf S.A. (NYSE:BRFS - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $3.61 and last traded at $3.61, with a volume of 141305 shares trading hands. The stock had previously closed at $3.36.

Analysts Set New Price Targets

A number of analysts have issued reports on BRFS shares. The Goldman Sachs Group raised BRF from a "sell" rating to a "neutral" rating and raised their price target for the stock from $1.90 to $3.10 in a research note on Monday, April 15th. JPMorgan Chase & Co. raised BRF from a "neutral" rating to an "overweight" rating in a research report on Monday, April 15th. Barclays raised BRF from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $2.50 to $4.00 in a research report on Monday, March 4th. Finally, StockNews.com upgraded shares of BRF from a "hold" rating to a "buy" rating in a research note on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $3.55.

BRF Stock Up 10.4 %

The firm's fifty day moving average is $3.29 and its two-hundred day moving average is $2.91. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of -19.68 and a beta of 1.86. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.34 and a quick ratio of 0.86.

BRF (NYSE:BRFS - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.69 billion during the quarter. On average, sell-side analysts expect that Brf S.A. will post 0.21 EPS for the current fiscal year.

Institutional Trading of BRF

Several institutional investors have recently modified their holdings of BRFS. UBS Group AG increased its stake in BRF by 62.7% in the 3rd quarter. UBS Group AG now owns 13,902,531 shares of the company's stock worth $28,500,000 after purchasing an additional 5,357,987 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in BRF by 15.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,354 shares of the company's stock valued at $212,000 after purchasing an additional 10,172 shares during the last quarter. Banco Santander S.A. boosted its holdings in shares of BRF by 16.6% in the 3rd quarter. Banco Santander S.A. now owns 360,994 shares of the company's stock worth $740,000 after acquiring an additional 51,454 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of BRF during the fourth quarter worth $102,000. Finally, Intelligence Driven Advisers LLC acquired a new position in shares of BRF during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 4.76% of the company's stock.

About BRF

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.