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

Brf S.A. (NYSE:BRFS) has been given an average recommendation of “Moderate Buy” by the five analysts that are presently covering the company, Marketbeat Ratings 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 price target among brokerages that have issued ratings on the stock in the last year is $10.70.

A number of brokerages have issued reports on BRFS. Citigroup raised shares of BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. StockNews.com raised shares of BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

Institutional Investors Weigh In On BRF

Several large investors have recently bought and sold shares of BRFS. Creative Planning lifted its position in BRF by 15.4% during the third quarter. Creative Planning now owns 77,539 shares of the company’s stock valued at $339,000 after purchasing an additional 10,361 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of BRF by 39.9% in the 3rd quarter. Blue Trust Inc. now owns 17,397 shares of the company’s stock valued at $71,000 after acquiring an additional 4,966 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of BRF by 13.0% in the 3rd quarter. Signaturefd LLC now owns 31,495 shares of the company’s stock valued at $138,000 after acquiring an additional 3,618 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new position in BRF in the third quarter worth about $317,000. Finally, US Bancorp DE increased its stake in BRF by 127.1% during the third quarter. US Bancorp DE now owns 15,871 shares of the company’s stock worth $69,000 after acquiring an additional 8,882 shares during the last quarter. Institutional investors own 4.76% of the company’s stock.

BRF Price Performance

Shares of BRF stock opened at $3.29 on Tuesday. 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 $2.78 and a 52 week high of $4.87. The stock’s 50-day simple moving average is $3.82 and its 200-day simple moving average is $4.20. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 0.19 and a beta of 1.86.

BRF Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.0217 per share. 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 20.93%.

BRF Company Profile

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.