Shares of BRF SA (NYSE:BRFS) have earned a consensus recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $14.00.
BRFS has been the topic of several research reports. Zacks Investment Research lowered BRF from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. JPMorgan Chase lowered BRF from an “overweight” rating to a “neutral” rating in a research report on Friday, February 23rd. UBS lowered BRF from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. TheStreet lowered BRF from a “c-” rating to a “d+” rating in a research report on Thursday, February 8th. Finally, Bank of America lowered BRF from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 6th.
A number of large investors have recently added to or reduced their stakes in the business. Ellington Management Group LLC purchased a new stake in shares of BRF during the fourth quarter worth about $114,000. ING Groep NV purchased a new stake in shares of BRF during the fourth quarter worth about $146,000. Gould Asset Management LLC CA increased its position in shares of BRF by 56.0% during the fourth quarter. Gould Asset Management LLC CA now owns 19,621 shares of the company’s stock worth $221,000 after acquiring an additional 7,045 shares during the last quarter. Advisory Research Inc. purchased a new stake in shares of BRF during the fourth quarter worth about $410,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of BRF during the fourth quarter worth about $841,000. 7.60% of the stock is currently owned by institutional investors.
BRF (NYSE:BRFS) last issued its earnings results on Thursday, February 22nd. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.09). The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.88 billion. BRF had a negative return on equity of 3.17% and a negative net margin of 3.38%. equities research analysts expect that BRF will post 0.41 EPS for the current year.
BRF SA is a multinational Brazilian company that owns a diverse portfolio of products and is a producer of foods. The Company’s segments include Brazil, Latin America (LATAM), Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. These segments include sales of all distribution channels and operations subdivided in to poultry, pork and other, processed, and other sales.
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