BRF (NYSE:BRFS) Earns Equal Weight Rating from Barclays

BRF (NYSE:BRFS)‘s stock had its “equal weight” rating reaffirmed by Barclays in a research note issued to investors on Monday,Benzinga reports. They presently have a $3.50 price objective on the stock, down from their previous price objective of $5.00. Barclays‘s price target points to a potential downside of 3.50% from the stock’s current price.

BRFS has been the topic of a number of other research reports. Citigroup raised shares of BRF from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of BRF from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 13th.

BRF Trading Up 1.0%

Shares of BRFS stock opened at $3.63 on Monday. BRF has a 1 year low of $2.99 and a 1 year high of $4.87. The firm’s fifty day simple moving average is $3.52 and its 200 day simple moving average is $3.79. The firm has a market capitalization of $3.93 billion, a P/E ratio of 8.43, a price-to-earnings-growth ratio of 0.19 and a beta of 1.44. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05.

BRF (NYSE:BRFS) last announced its earnings results on Tuesday, May 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. BRF had a net margin of 6.52% and a return on equity of 19.66%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $15.78 billion. As a group, sell-side analysts predict that BRF will post 0.45 EPS for the current year.

Institutional Investors Weigh In On BRF

A number of institutional investors have recently bought and sold shares of BRFS. Hennion & Walsh Asset Management Inc. acquired a new stake in BRF during the fourth quarter worth $43,000. PFG Investments LLC acquired a new stake in shares of BRF in the 4th quarter valued at $51,000. Blue Trust Inc. boosted its stake in shares of BRF by 55.8% in the 4th quarter. Blue Trust Inc. now owns 27,106 shares of the company’s stock valued at $118,000 after purchasing an additional 9,709 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of BRF in the 4th quarter valued at $117,000. Finally, Navellier & Associates Inc. boosted its stake in shares of BRF by 2.6% in the 4th quarter. Navellier & Associates Inc. now owns 234,706 shares of the company’s stock valued at $955,000 after purchasing an additional 5,977 shares in the last quarter. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Company Profile

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.