In yesterday’s Wall Street session, BRF S.A. (NYSE:BRFS) shares traded at $1.64, up 9.33% from the previous session.
11 analysts cover BRF S.A. (NYSE:BRFS), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $3.46 and a low of $1.28, we find $1.83. Given the previous closing price of $1.50, this indicates a potential upside of 22.0 percent. BRFS stock price is now 25.92% away from the 50-day moving average and -15.55% away from the 200-day moving average. The market capitalization of the company currently stands at $1.76B.
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The stock has received a hold rating from 9 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $1.97 as their price target over the next twelve months.
On November 28, 2022, Barclays Upgraded its previous ‘Underweight’ rating to ‘Equal Weight’ on the stock keeping its target price maintained at $2.50, while ‘Goldman’ rates the stock as ‘Neutral’.
A total of 1.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BRFS stock. A new stake in BRF S.A. shares was purchased by VERITION FUND MANAGEMENT LLC during the first quarter worth $6,150,000. RHEOS CAPITAL WORKS INC. invested $4,690,000 in shares of BRFS during the first quarter. In the first quarter, RENAISSANCE TECHNOLOGIES LLC acquired a new stake in BRF S.A. valued at approximately $3,248,000. TWO SIGMA ADVISERS, LP acquired a new stake in BRFS for approximately $275,000. CUBIST SYSTEMATIC STRATEGIES, LLC purchased a new stake in BRFS valued at around $171,000 in the second quarter. In total, there are 124 active investors with 6.50% ownership of the company’s stock.
On Thursday morning BRF S.A. (NYSE: BRFS) stock kicked off with the opening price of $1.4900. During the past 12 months, BRF S.A. has had a low of $1.05 and a high of $3.41. As of last week, the company has a debt-to-equity ratio of 2.36, a current ratio of 1.20, and a quick ratio of 0.70. The fifty day moving average price for BRFS is $1.3066 and a two-hundred day moving average price translates $1.9347 for the stock.
The latest earnings results from BRF S.A. (NYSE: BRFS) was released for Mar, 2023. According to the Packaged Foods Company, earnings per share came in at -$0.16, missing analysts’ expectations of -$0.04 by -0.12. This compares to -$0.01 EPS in the same period last year. The net profit margin was -5.90% and return on equity was -26.50% for BRFS. The company reported revenue of $2.54 billion for the quarter, compared to $2.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.07 percent. For the current quarter, analysts expect BRFS to generate $2.59B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/25/2016. Investors who held shares on 07/15/2016 were paid a $0.151939 dividend.
BRF S.A.(BRFS) Company Profile
BRF S.A. 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. It also produces and sells frozen prepared meals, such as lasagna, macaroni and cheese, pies, ready-to-eat meals, pizzas, and other frozen foods; plant-based products, such as nuggets, pies, vegetables, and burgers; frozen desserts and cheese bread; spreads, that includes margarine, butter, cream cheese, and pate, as well as animal feed and hatcheries. The company primarily sells its products under the Sadia, Perdigão, Qualy, Chester, Kidelli, Perdix, Biofresh, Gran Plus, and Banvit brands. It serves supermarkets, wholesalers, retail stores, food services, restaurants, and other institutional buyers. The company is also involved in the provision of consultancy, marketing, and logistics services; generation and commercialization of electric energy; and import, industrialization, and commercialization of products. BRF S.A. operates primarily in Brazil, the Americas, Eurasia, Europe, Malaysia, the Middle East, Africa, Asia, and internationally. The company was formerly known as BRF-Brasil Foods S.A. and changed its name to BRF S.A. in April 2013. BRF S.A. was founded in 1934 and is headquartered in Vila Gertrudes, Brazil.
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