Could BRF S.A. ADR (BRFS) stock price achieve new all-time highs if its expected earnings and revenue increase?

Stocks of BRF S.A. ADR (NYSE:BRFS) traded higher last session on Wall Street, down -3.46% to $2.79.

According to the data, BRF S.A. ADR (NYSE:BRFS) has 9 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $3.17 and a low of $1.70, we find $2.47. Given the previous closing price of $2.89, this indicates a potential downside of -14.53 percent. BRFS stock price is now 18.05% away from the 50-day moving average and 52.44% away from the 200-day moving average. The market capitalization of the company currently stands at $4.68B.

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A total of 5 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $2.51 as their price target over the next twelve months.

Wednesday’s opening bell rang with an opening price of $2.8000 for BRF S.A. ADR (NYSE: BRFS). During the past 12 months, BRF S.A. ADR has had a low of $1.05 and a high of $3.09. As of last week, the company has a debt-to-equity ratio of 1.83, a current ratio of 1.29, and a quick ratio of 0.80. The fifty day moving average price for BRFS is $2.3634 and a two-hundred day moving average price translates $1.8303 for the stock.

The latest earnings results from BRF S.A. ADR (NYSE: BRFS) was released for Sep, 2023. The net profit margin was -6.83% and return on equity was -28.81% for BRFS. The company reported revenue of $2.83 billion for the quarter, compared to $2.68 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.43 percent. For the current quarter, analysts expect BRFS to generate $2.91B in revenue.

BRF S.A. ADR(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 São Paulo, Brazil.

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