Brf S.A. (NYSE:BRFS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Brf S.A. (NYSE:BRFS) have been assigned an average rating of “Moderate Buy” from the five research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $10.70.

BRFS has been the topic of a number of research analyst reports. StockNews.com upgraded BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th. Citigroup raised shares of BRF from a “hold” rating to a “strong-buy” rating in a research report on Wednesday.

BRF Stock Down 1.2 %

Shares of BRF stock opened at $3.68 on Friday. The firm’s 50 day moving average price is $4.18 and its 200-day moving average price is $4.24. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. BRF has a 52-week low of $2.67 and a 52-week high of $4.87. The company has a market cap of $3.98 billion, a P/E ratio of 8.55, a PEG ratio of 0.21 and a beta of 1.88.

BRF Cuts Dividend

The company also recently announced a — dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were given a $0.0217 dividend. The ex-dividend date was Wednesday, December 18th. This represents a yield of 1.6%. BRF’s dividend payout ratio is currently 20.93%.

Institutional Trading of BRF

Several large investors have recently made changes to their positions in BRFS. Hsbc Holdings PLC lifted its position in BRF by 886.7% during the second quarter. Hsbc Holdings PLC now owns 230,636 shares of the company’s stock valued at $939,000 after purchasing an additional 207,262 shares during the period. Marshall Wace LLP lifted its holdings in shares of BRF by 534.6% in the 2nd 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. Natixis Advisors LLC lifted its holdings in shares of BRF by 97.9% in the 3rd quarter. Natixis Advisors LLC now owns 241,221 shares of the company’s stock valued at $1,054,000 after buying an additional 119,346 shares during the period. Signaturefd LLC grew its holdings in BRF by 13.0% during the third quarter. Signaturefd LLC now owns 31,495 shares of the company’s stock worth $138,000 after acquiring an additional 3,618 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in BRF by 660.0% during 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 acquiring an additional 1,049,373 shares in the last quarter. 4.76% of the stock is owned by hedge funds and other institutional investors.

About BRF

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.