BRF (NYSE:BRFS) Rating Increased to Overweight at JPMorgan Chase & Co.

BRF (NYSE:BRFS) was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports.

Several other analysts have also issued reports on BRFS. Barclays raised BRF from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $2.50 to $4.00 in a report on Monday, March 4th. StockNews.com raised BRF from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3.55.

BRF Price Performance

NYSE BRFS opened at $3.40 on Monday. The business’s fifty day moving average is $3.14 and its 200 day moving average is $2.78. BRF has a fifty-two week low of $1.15 and a fifty-two week high of $3.52. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.86 and a current ratio of 1.34. The company has a market capitalization of $3.68 billion, a PE ratio of -17.89 and a beta of 1.95.

BRF (NYSE:BRFS) last released its quarterly earnings results on Monday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.08. BRF had a negative return on equity of 8.52% and a negative net margin of 2.29%. The business had revenue of $1.69 billion during the quarter. Sell-side analysts predict that BRF will post 0.13 earnings per share for the current year.

Institutional Investors Weigh In On BRF

Hedge funds have recently made changes to their positions in the company. Creative Planning purchased a new stake in shares of BRF in the fourth quarter worth about $26,000. Tower Research Capital LLC TRC lifted its position in shares of BRF by 223.4% in the second quarter. Tower Research Capital LLC TRC now owns 14,237 shares of the company’s stock worth $27,000 after buying an additional 9,835 shares in the last quarter. Intelligence Driven Advisers LLC purchased a new stake in shares of BRF in the fourth quarter worth about $30,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of BRF in the fourth quarter worth about $41,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of BRF in the fourth quarter worth about $53,000. 4.76% of the stock is currently owned by hedge funds and other institutional investors.

BRF Company Profile

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.