BRF S.A. common stock (BRFS) Trading Down 1.2%

Shares of BRF S.A. common stock (NYSE:BRFS) fell 1.2% during trading on Thursday . The stock traded as low as $5.25 and last traded at $5.76. 188,015 shares were traded during mid-day trading, a decline of 94% from the average session volume of 3,178,961 shares. The stock had previously closed at $5.69.

Several brokerages have recently commented on BRFS. ValuEngine downgraded BRF S.A. common stock from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Barclays reissued a “hold” rating and issued a $7.00 price objective on shares of BRF S.A. common stock in a research note on Monday, May 14th. UBS Group downgraded BRF S.A. common stock from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. downgraded BRF S.A. common stock from an “overweight” rating to a “neutral” rating in a research note on Friday, February 23rd. Finally, Bank of America downgraded BRF S.A. common stock from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 6th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $11.50.

The company has a market capitalization of $4.65 billion, a P/E ratio of -35.13 and a beta of 0.70. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.29 and a quick ratio of 0.85.

BRF S.A. common stock (NYSE:BRFS) last issued its quarterly earnings data on Thursday, May 10th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $2.51 billion. BRF S.A. common stock had a negative return on equity of 1.81% and a negative net margin of 2.96%. analysts anticipate that BRF S.A. common stock will post 0.1 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Ellington Management Group LLC bought a new position in shares of BRF S.A. common stock in the fourth quarter valued at approximately $114,000. CIBC World Markets Inc. bought a new position in shares of BRF S.A. common stock in the first quarter valued at approximately $144,000. ING Groep NV bought a new position in shares of BRF S.A. common stock in the fourth quarter valued at approximately $146,000. Dynamic Technology Lab Private Ltd grew its holdings in shares of BRF S.A. common stock by 126.6% in the first quarter. Dynamic Technology Lab Private Ltd now owns 25,198 shares of the company’s stock valued at $175,000 after acquiring an additional 14,077 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in shares of BRF S.A. common stock by 90.7% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 31,812 shares of the company’s stock valued at $220,000 after acquiring an additional 15,128 shares in the last quarter. 6.44% of the stock is owned by institutional investors.

BRF S.A. common stock Company Profile

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, sauce, mayonnaise, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine, mustard and ketchup, and sauces and mayonnaise; and soy meal and refined soy flour, as well as animal feed.

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