BRF (BRFS) Reaches New 52-Week High and Low at $6.35

BRF SA (NYSE:BRFS) shares reached a new 52-week high and low on Friday . The company traded as low as $6.35 and last traded at $6.47, with a volume of 2335152 shares. The stock had previously closed at $6.60.

A number of research firms recently weighed in on BRFS. UBS downgraded BRF from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. JPMorgan Chase downgraded BRF from an “overweight” rating to a “neutral” rating in a research note on Friday, February 23rd. Bank of America downgraded BRF from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 6th. ValuEngine raised BRF from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research downgraded BRF from a “hold” rating to a “strong sell” rating in a research note on Monday, February 26th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. BRF presently has a consensus rating of “Hold” and an average price target of $15.00.

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The company has a market capitalization of $5,273.43, a P/E ratio of -41.50 and a beta of 0.77. 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 (NYSE:BRFS) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.09). The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.88 billion. BRF had a negative return on equity of 3.17% and a negative net margin of 3.38%. analysts anticipate that BRF SA will post 0.41 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. raised its stake in shares of BRF by 2.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,027,169 shares of the company’s stock worth $11,566,000 after purchasing an additional 25,477 shares during the last quarter. AMS Capital Ltda purchased a new stake in shares of BRF in the fourth quarter worth approximately $5,123,000. Point72 Asset Management L.P. purchased a new stake in shares of BRF in the third quarter worth approximately $3,019,000. Oaktree Capital Management LP raised its stake in shares of BRF by 29.9% in the fourth quarter. Oaktree Capital Management LP now owns 3,977,774 shares of the company’s stock worth $44,790,000 after purchasing an additional 914,776 shares during the last quarter. Finally, Barings LLC purchased a new stake in shares of BRF in the fourth quarter worth approximately $6,981,000. 7.60% of the stock is owned by hedge funds and other institutional investors.

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About BRF

BRF SA is a multinational Brazilian company that owns a diverse portfolio of products and is a producer of foods. The Company’s segments include Brazil, Latin America (LATAM), Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. These segments include sales of all distribution channels and operations subdivided in to poultry, pork and other, processed, and other sales.

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