BRF (NYSE:BRFS) Upgraded at StockNews.com

StockNews.com upgraded shares of BRF (NYSE:BRFS) from a buy rating to a strong-buy rating in a report released on Friday morning.

Separately, Citigroup upgraded shares of BRF from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, BRF currently has an average rating of “Buy” and an average target price of $10.70.

BRF Price Performance

NYSE:BRFS opened at $3.31 on Friday. BRF has a one year low of $2.99 and a one year high of $4.87. The company has a market cap of $3.58 billion, a P/E ratio of 7.69, a P/E/G ratio of 0.19 and a beta of 1.90. The firm’s fifty day moving average price is $3.62 and its two-hundred day moving average price is $4.13. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93.

BRF (NYSE:BRFS) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.11). BRF had a net margin of 6.52% and a return on equity of 19.66%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.72 billion. Equities analysts expect that BRF will post 0.45 earnings per share for the current year.

Institutional Investors Weigh In On BRF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its position in BRF by 50.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 284,203 shares of the company’s stock worth $1,157,000 after purchasing an additional 95,158 shares during the period. Vident Advisory LLC lifted its position in BRF by 40.4% during the fourth quarter. Vident Advisory LLC now owns 68,391 shares of the company’s stock worth $278,000 after purchasing an additional 19,670 shares during the period. Two Sigma Advisers LP lifted its position in BRF by 111.1% during the fourth quarter. Two Sigma Advisers LP now owns 662,300 shares of the company’s stock worth $2,696,000 after purchasing an additional 348,600 shares during the period. Two Sigma Investments LP lifted its position in BRF by 4.3% during the fourth quarter. Two Sigma Investments LP now owns 2,217,514 shares of the company’s stock worth $9,025,000 after purchasing an additional 91,268 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in BRF during the fourth quarter worth about $1,490,000. Institutional investors own 4.76% of the company’s stock.

About BRF

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.