UBS Downgrades BRF (NYSE:BRFS) to Hold

BRF (NYSE:BRFS) was downgraded by equities research analysts at UBS from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, February 23rd, The Fly reports.

BRFS has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered BRF from an “overweight” rating to a “neutral” rating in a report on Friday, February 23rd. Zacks Investment Research lowered BRF from a “hold” rating to a “sell” rating in a report on Wednesday, November 22nd. Finally, TheStreet lowered BRF from a “c-” rating to a “d+” rating in a report on Thursday, February 8th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. BRF currently has an average rating of “Hold” and an average price target of $15.00.

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Shares of BRF (NYSE BRFS) traded down $0.19 during trading on Friday, hitting $7.40. 2,072,085 shares of the company traded hands, compared to its average volume of 3,026,267. BRF has a 52-week low of $7.26 and a 52-week high of $15.50. The company has a quick ratio of 0.85, a current ratio of 1.29 and a debt-to-equity ratio of 1.32. The stock has a market cap of $6,104.40, a price-to-earnings ratio of -17.21 and a beta of 0.62.

BRF (NYSE:BRFS) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.09). The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.88 billion. BRF had a negative return on equity of 3.17% and a negative net margin of 3.38%. analysts anticipate that BRF will post 0.41 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Itau Unibanco Holding S.A. lifted its stake in BRF by 2.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,027,169 shares of the company’s stock worth $11,566,000 after purchasing an additional 25,477 shares during the last quarter. AMS Capital Ltda purchased a new stake in BRF during the fourth quarter worth approximately $5,123,000. Point72 Asset Management L.P. purchased a new stake in BRF during the third quarter worth approximately $3,019,000. Barings LLC purchased a new stake in BRF during the fourth quarter worth approximately $6,981,000. Finally, Oaktree Capital Management LP lifted its stake in BRF by 23.1% during the third quarter. Oaktree Capital Management LP now owns 3,062,998 shares of the company’s stock worth $44,138,000 after purchasing an additional 574,437 shares during the last quarter. 7.60% of the stock is owned by institutional investors and hedge funds.

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About BRF

BRF SA is a multinational Brazilian company that owns a diverse portfolio of products and is a producer of foods. The Company’s segments include Brazil, Latin America (LATAM), Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. These segments include sales of all distribution channels and operations subdivided in to poultry, pork and other, processed, and other sales.

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