BRF (NYSE:BRFS) Trading Up 4.9% – Should You Buy?

Brf S.A. (NYSE:BRFS) shares traded up 4.9% during trading on Tuesday . The company traded as high as $3.49 and last traded at $3.51. 558,111 shares changed hands during trading, a decline of 78% from the average session volume of 2,517,413 shares. The stock had previously closed at $3.34.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Citigroup upgraded BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. StockNews.com downgraded shares of BRF from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $10.70.

BRF Price Performance

The business has a fifty day moving average of $3.46 and a 200-day moving average of $4.01. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. The firm has a market cap of $3.78 billion, a PE ratio of 8.13, a PEG ratio of 0.19 and a beta of 1.90.

BRF (NYSE:BRFS) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.72 billion. BRF had a return on equity of 19.66% and a net margin of 6.52%. As a group, research analysts predict that Brf S.A. will post 0.45 earnings per share for the current year.

Institutional Investors Weigh In On BRF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. TD Private Client Wealth LLC purchased a new stake in shares of BRF in the 3rd quarter valued at about $27,000. Hennion & Walsh Asset Management Inc. purchased a new stake in BRF in the fourth quarter valued at approximately $43,000. PFG Investments LLC bought a new stake in BRF during the fourth quarter valued at approximately $51,000. Headlands Technologies LLC purchased a new position in BRF in the 4th quarter worth approximately $55,000. Finally, QRG Capital Management Inc. bought a new position in shares of BRF in the 4th quarter worth $72,000. Hedge funds and other institutional investors own 4.76% of the company’s stock.

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.