ValuEngine Upgrades BRF (BRFS) to “Sell”

ValuEngine upgraded shares of BRF (NYSE:BRFS) from a strong sell rating to a sell rating in a research note released on Wednesday.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut BRF from a hold rating to a sell rating in a report on Wednesday, December 13th. TheStreet cut BRF from a c- rating to a d+ rating in a report on Thursday, February 8th. Bank of America cut BRF from a buy rating to a neutral rating in a report on Tuesday. JPMorgan Chase & Co. cut BRF from an overweight rating to a neutral rating in a report on Friday, February 23rd. Finally, UBS Group cut BRF from a buy rating to a hold rating in a report on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $15.00.

How to Become a New Pot Stock Millionaire

BRF (NYSE:BRFS) opened at $8.11 on Wednesday. The firm has a market capitalization of $6,270.00, a P/E ratio of -18.43 and a beta of 0.62. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.85 and a current ratio of 1.29. BRF has a 1-year low of $7.45 and a 1-year high of $15.50.

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

Large investors have recently bought and sold shares of the company. Ellington Management Group LLC bought a new stake in shares of BRF in the 4th quarter valued at approximately $114,000. ING Groep NV bought a new stake in shares of BRF in the 4th quarter valued at approximately $146,000. Gould Asset Management LLC CA lifted its stake in shares of BRF by 56.0% in the 4th quarter. Gould Asset Management LLC CA now owns 19,621 shares of the company’s stock valued at $221,000 after purchasing an additional 7,045 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of BRF in the 3rd quarter valued at approximately $240,000. Finally, D.A. Davidson & CO. lifted its stake in shares of BRF by 35.6% in the 3rd quarter. D.A. Davidson & CO. now owns 22,140 shares of the company’s stock valued at $319,000 after purchasing an additional 5,815 shares during the last quarter. 7.44% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “ValuEngine Upgrades BRF (BRFS) to “Sell”” was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://sportsperspectives.com/2018/03/10/valuengine-upgrades-brf-brfs-to-sell.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for BRF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRF and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply