BRF (BRFS) Hits New 12-Month Low at $7.23

BRF SA (NYSE:BRFS)’s share price reached a new 52-week low on Friday . The stock traded as low as $7.23 and last traded at $7.21, with a volume of 3383928 shares changing hands. The stock had previously closed at $7.36.

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

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The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.85 and a current ratio of 1.29. The stock has a market capitalization of $5,952.59, a price-to-earnings ratio of -16.79 and a beta of 0.62.

BRF (NYSE:BRFS) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.09). The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.88 billion. BRF had a negative net margin of 3.38% and a negative return on equity of 3.17%. sell-side analysts expect that BRF SA will post 0.41 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Ellington Management Group LLC bought a new stake in BRF during the fourth quarter valued at about $114,000. ING Groep NV bought a new stake in BRF during the fourth quarter valued at about $146,000. Commerzbank Aktiengesellschaft FI bought a new stake in BRF during the third quarter valued at about $240,000. Gould Asset Management LLC CA raised its holdings in BRF by 56.0% during the fourth quarter. Gould Asset Management LLC CA now owns 19,621 shares of the company’s stock valued at $221,000 after acquiring an additional 7,045 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in BRF by 35.6% during the third quarter. D.A. Davidson & CO. now owns 22,140 shares of the company’s stock valued at $319,000 after acquiring an additional 5,815 shares during the period. 7.60% of the stock is currently owned by institutional investors and hedge funds.

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BRF Company Profile

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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