HSBC lowered shares of BRF (NYSE:BRFS) from a buy rating to a hold rating in a research note released on Monday morning, BenzingaRatingsTable reports.

Several other research analysts also recently issued reports on BRFS. BBA Icatu Securities upgraded shares of BRF from a market perform rating to an outperform rating in a report on Monday, July 22nd. Citigroup downgraded shares of BRF from a neutral rating to a sell rating in a report on Monday, July 29th. Barclays set a $12.00 price objective on shares of BRF and gave the stock a buy rating in a research note on Monday, August 12th. Zacks Investment Research raised shares of BRF from a hold rating to a buy rating and set a $9.75 price objective on the stock in a research note on Wednesday, July 31st. Finally, ValuEngine raised shares of BRF from a hold rating to a buy rating in a research note on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. BRF has a consensus rating of Hold and an average price target of $9.92.

Shares of NYSE:BRFS opened at $9.42 on Monday. The company has a fifty day moving average of $9.17 and a 200-day moving average of $7.61. The company has a market capitalization of $7.30 billion, a PE ratio of -17.44 and a beta of 0.76. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.76 and a current ratio of 1.15. BRF has a 52-week low of $4.87 and a 52-week high of $9.96.

BRF (NYSE:BRFS) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $2.08 billion. BRF had a negative net margin of 11.18% and a negative return on equity of 9.46%. On average, equities analysts forecast that BRF will post 0.05 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Citizens Financial Group Inc RI bought a new stake in BRF during the first quarter valued at $26,000. Quantamental Technologies LLC bought a new stake in BRF during the first quarter valued at $39,000. Quadrant Capital Group LLC boosted its position in BRF by 29.1% during the first quarter. Quadrant Capital Group LLC now owns 7,672 shares of the company’s stock valued at $43,000 after acquiring an additional 1,729 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in BRF by 204.9% during the second quarter. Tower Research Capital LLC TRC now owns 8,370 shares of the company’s stock valued at $64,000 after acquiring an additional 5,625 shares during the last quarter. Finally, Jefferies Group LLC bought a new stake in BRF during the second quarter valued at $114,000. 10.65% of the stock is currently owned by institutional investors.

BRF Company Profile

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine; and soy meal and refined soy flour, as well as animal feed.

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Analyst Recommendations for BRF (NYSE:BRFS)

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