Brf S.A. (NYSE:BRFS) Receives $10.70 Consensus Price Target from Analysts

Brf S.A. (NYSE:BRFS) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $10.70.

Several equities research analysts have commented on the company. Citigroup upgraded BRF from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

Hedge Funds Weigh In On BRF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC acquired a new stake in shares of BRF in the 3rd quarter worth $27,000. Hennion & Walsh Asset Management Inc. purchased a new position in BRF during the fourth quarter worth about $43,000. PFG Investments LLC purchased a new stake in shares of BRF in the 4th quarter valued at approximately $51,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of BRF during the 2nd quarter worth approximately $58,000. Finally, US Bancorp DE raised its position in shares of BRF by 127.1% during the 3rd quarter. US Bancorp DE now owns 15,871 shares of the company’s stock valued at $69,000 after buying an additional 8,882 shares during the period. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Stock Down 0.4 %

BRFS stock opened at $3.75 on Friday. BRF has a 52 week low of $2.67 and a 52 week high of $4.87. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. The firm has a 50-day simple moving average of $4.13 and a 200-day simple moving average of $4.23. The stock has a market capitalization of $4.05 billion, a P/E ratio of 8.71, a P/E/G ratio of 0.21 and a beta of 1.88.

BRF Cuts Dividend

The business also recently declared a — dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were given a $0.0217 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a dividend yield of 1.6%. BRF’s dividend payout ratio (DPR) is presently 18.60%.

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.