Brokerages Set BRF SA (NYSE:BRFS) Target Price at $16.00
BRF SA (NYSE:BRFS) has earned an average rating of “Hold” from the four brokerages that are currently covering the company. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $16.00.
Separately, Zacks Investment Research upgraded shares of BRF SA from a “sell” rating to a “hold” rating in a report on Tuesday, September 20th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRFS. Aperio Group LLC raised its position in BRF SA by 20.8% in the first quarter. Aperio Group LLC now owns 136,680 shares of the company’s stock valued at $1,944,000 after buying an additional 23,494 shares during the last quarter. Pacad Investment Ltd. purchased a new position in BRF SA during the first quarter valued at about $243,000. JPMorgan Chase & Co. raised its position in BRF SA by 0.4% in the first quarter. JPMorgan Chase & Co. now owns 379,604 shares of the company’s stock valued at $5,398,000 after buying an additional 1,636 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new position in BRF SA during the first quarter valued at about $148,000. Finally, ING Groep NV raised its position in BRF SA by 533.7% in the first quarter. ING Groep NV now owns 70,981 shares of the company’s stock valued at $1,009,000 after buying an additional 59,780 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) opened at 17.89 on Thursday. The stock has a 50 day moving average of $16.84 and a 200-day moving average of $14.95. BRF SA has a 12 month low of $11.05 and a 12 month high of $18.08. The company has a market cap of $14.29 billion, a price-to-earnings ratio of 20.21 and a beta of 1.03.
BRF SA (NYSE:BRFS) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.27. On average, analysts forecast that BRF SA will post $1.19 EPS for the current 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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