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.
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.
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