BRF (NYSE:BRFS) Upgraded to Neutral by The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of BRF (NYSE:BRFS) from a sell rating to a neutral rating in a research report released on Monday, Benzinga reports. The Goldman Sachs Group currently has $3.10 price objective on the stock, up from their previous price objective of $1.90.

A number of other research analysts have also weighed in on the stock. Barclays raised shares of BRF from an equal weight rating to an overweight rating and lifted their price target for the company from $2.50 to $4.00 in a research note on Monday, March 4th. StockNews.com upgraded shares of BRF from a hold rating to a buy rating in a report on Friday, March 1st. Finally, JPMorgan Chase & Co. upgraded shares of BRF from a neutral rating to an overweight rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $3.55.

BRF Stock Up 0.2 %

BRF stock opened at $3.27 on Monday. The company’s 50 day simple moving average is $3.16 and its 200 day simple 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 firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of -17.18 and a beta of 1.95. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.34 and a quick ratio of 0.86.

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

Institutional Investors Weigh In On BRF

Institutional investors have recently modified their holdings of the business. Creative Planning bought a new stake in shares of BRF in the fourth quarter valued at about $26,000. Tower Research Capital LLC TRC lifted its holdings 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 acquiring an additional 9,835 shares during the last quarter. Intelligence Driven Advisers LLC bought a new position in shares of BRF in the fourth quarter worth about $30,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of BRF in the fourth quarter worth about $41,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of BRF in the fourth quarter worth about $53,000. Institutional investors own 4.76% of the company’s stock.

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.