BRF (NYSE:BRFS) Upgraded by The Goldman Sachs Group to “Neutral”

The Goldman Sachs Group upgraded shares of BRF (NYSE:BRFS) from a sell rating to a neutral rating in a report published on Monday, Benzinga reports. The Goldman Sachs Group currently has $3.10 price target on the stock, up from their prior price target of $1.90.

BRFS has been the subject of several other reports. StockNews.com upgraded BRF from a hold rating to a buy rating in a research report on Friday, March 1st. JPMorgan Chase & Co. upgraded BRF from a neutral rating to an overweight rating in a research report on Monday. Finally, Barclays upgraded BRF from an equal weight rating to an overweight rating and lifted their target price for the stock from $2.50 to $4.00 in a research report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, BRF currently has a consensus rating of Moderate Buy and a consensus target price of $3.55.

BRF Stock Up 8.8 %

Shares of BRFS opened at $3.47 on Monday. BRF has a 52-week low of $1.15 and a 52-week high of $3.52. The company has a market cap of $3.76 billion, a PE ratio of -18.26 and a beta of 1.95. The business has a fifty day moving average of $3.13 and a 200 day moving average of $2.77. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.13.

BRF (NYSE:BRFS) last released its earnings results on Monday, February 26th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.08. BRF had a negative return on equity of 8.52% and a negative net margin of 2.29%. The business had revenue of $1.69 billion during the quarter. On average, sell-side analysts expect that BRF will post 0.13 EPS for the current year.

Hedge Funds Weigh In On BRF

Institutional investors have recently made changes to their positions in the company. Intelligence Driven Advisers LLC purchased a new position in shares of BRF during the fourth quarter valued at $30,000. Tower Research Capital LLC TRC increased its stake in shares of BRF by 223.4% during the second quarter. Tower Research Capital LLC TRC now owns 14,237 shares of the company’s stock valued at $27,000 after buying an additional 9,835 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in shares of BRF during the fourth quarter valued at $41,000. Creative Planning purchased a new position in shares of BRF during the fourth quarter valued at $26,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of BRF during the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 4.76% of the company’s stock.

BRF Company Profile

BRF SA engages in raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and turkey; processed food products, such as marinated, frozen, whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, chicken hot dogs, and chicken bologna.