Analysts Set Brf S.A. (NYSE:BRFS) Price Target at $10.70

Shares of Brf S.A. (NYSE:BRFS) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $10.70.

Several research analysts have recently weighed in on BRFS shares. StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th. Citigroup raised shares of BRF from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd.

BRF Trading Up 0.7 %

NYSE:BRFS opened at $3.70 on Friday. The business’s 50-day simple moving average is $4.17 and its 200-day simple moving average is $4.24. BRF has a fifty-two week low of $2.67 and a fifty-two week high of $4.87. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. The stock has a market capitalization of $4.00 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 0.21 and a beta of 1.88.

BRF Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were given a dividend of $0.0217 per share. The ex-dividend date was Wednesday, December 18th. This represents a yield of 1.6%. BRF’s dividend payout ratio (DPR) is presently 18.60%.

Hedge Funds Weigh In On BRF

A number of hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP increased its stake in shares of BRF by 534.6% in the second quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock valued at $18,816,000 after buying an additional 3,894,533 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of BRF by 660.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company’s stock valued at $5,281,000 after buying an additional 1,049,373 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of BRF during the second quarter worth about $927,000. Hsbc Holdings PLC lifted its stake in shares of BRF by 886.7% in the second quarter. Hsbc Holdings PLC now owns 230,636 shares of the company’s stock worth $939,000 after acquiring an additional 207,262 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in BRF during the 3rd quarter valued at approximately $826,000. Institutional investors own 4.76% of the company’s stock.

BRF Company Profile

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.