BRF (NYSE:BRFS) PT Set at $12.00 by Barclays

Share on StockTwits

BRF (NYSE:BRFS) has been given a $12.00 target price by analysts at Barclays in a research report issued on Monday, TipRanks reports. The firm presently has a “buy” rating on the stock. Barclays‘s price objective suggests a potential upside of 28.34% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on BRFS. ValuEngine cut BRF from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. upgraded BRF from a “neutral” rating to an “overweight” rating and set a $8.00 price objective for the company in a research note on Thursday, June 13th. Zacks Investment Research upgraded BRF from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research note on Wednesday, July 31st. BBA Icatu Securities upgraded BRF from a “market perform” rating to an “outperform” rating in a research note on Monday, July 22nd. Finally, Citigroup cut BRF from a “neutral” rating to a “sell” rating in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $9.92.

BRFS stock traded down $0.42 during midday trading on Monday, reaching $9.35. The stock had a trading volume of 3,186,766 shares, compared to its average volume of 4,259,894. The firm has a fifty day moving average price of $8.73. The company has a current ratio of 1.21, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. The stock has a market cap of $7.83 billion, a P/E ratio of -17.35 and a beta of 0.82. BRF has a 52-week low of $4.71 and a 52-week high of $9.96.

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of BRF during the fourth quarter worth approximately $7,062,000. Bank of Montreal Can acquired a new position in BRF during the first quarter worth $254,000. BNP Paribas Arbitrage SA grew its holdings in BRF by 18.1% during the first quarter. BNP Paribas Arbitrage SA now owns 759,488 shares of the company’s stock worth $4,420,000 after acquiring an additional 116,587 shares during the period. Sagil Capital LLP acquired a new position in BRF during the first quarter worth $4,277,000. Finally, Exane Derivatives acquired a new position in BRF during the first quarter worth $936,000. Institutional investors and hedge funds own 11.82% of the company’s stock.

About BRF

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.

Recommended Story: Trading based on a resistance level

Analyst Recommendations for BRF (NYSE:BRFS)

Receive News & Ratings for BRF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRF and related companies with MarketBeat.com's FREE daily email newsletter.