Wells Capital Management, Inc. recently announced the acquisition of new stake in BRF S.A. (NYSE:BRFS). The institutional investor has increased its shareholding in the Consumer Defensive company by 3.30% to 19.07 million shares with purchase of 0.61 million shares. This fresh investment now brings its stake to 2.35% valued currently at $75.91 million. In addition, BW Gestão de Investimentos Ltda. raised its holdings by 3.54 million to 5.62 million shares. And Arrowstreet Capital LP has lifted its position by 542.19% or 3.17 million shares – to 3.76 million shares.
With over 8.8 million BRF S.A. (BRFS) shares trading Tuesday and a closing price of $3.72 on the day, the dollar volume was approximately $32.73 million. The shares have shown a positive weekly performance of 2.20% and its price on 09/01/20 gained nearly 3.33%. Currently, there are 809.61M common shares owned by the public and among those 804.40M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for BRFS have a consensus price objective of $4.98. The analysts have set the share’s price value over the next 12 months at a high of $6.35 and a low of $3.55 should the stock experience a downside. Incidentally, analysts’ outlook for the BRF S.A. stock is 2.20 for the next 12 months. The average price target is 42.24% above its last price level and an upside to the estimated low will see the stock lose -4.79% over that period. But an upside of 41.42% will see the stock hit the forecast high price target while mean target price for the stock is $5.21.
The top 3 mutual fund holders in BRF S.A. are Wells Fargo Emerging Markets Equi, Delaware Emerging Markets Fund, and iShares Tr. – Latin America 40 ET. Wells Fargo Emerging Markets Equi owns 7.71 million shares of the company’s stock, all valued at over $30.7 million. The company bought an additional 0.85 million shares recently to bring their total holdings to about 0.95% of the shares outstanding. iShares Tr. – Latin America 40 ET sold 52092.0 shares to bring its total holdings to over 2.14 million shares at a value of $8.5 million. iShares Tr. – Latin America 40 ET now owns shares totaling to 0.26% of the shares outstanding.
Shares of BRF S.A. (NYSE: BRFS) opened at $3.64, up $0.04 from a prior closing price of $3.60. However, the script later closed the day at $3.72, up 3.33%. The company’s stock has a 5-day price change of 2.20% and -16.78% over the past three months. BRFS shares are trading -57.24% year to date (YTD), with the 12-month market performance down to -58.76% lower. It has a 12-month low price of $2.27 and touched a high of $9.78 over the same period. Currently, 8.8 million shares have been traded, compared to an average intraday trading volume of 2.62 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.87%, -4.99%, and -30.48% respectively.
Institutional ownership of BRF S.A. (NYSE: BRFS) shares accounts for 10.70% of the company’s 809.61M shares outstanding. Mutual fund holders own 3.29%, while other institutional holders and individual stakeholders account for 7.04% and — respectively.
It has a market capitalization of $2.88B and a beta (3y monthly) value of 1.48. The stock’s trailing 12-month PE ratio is 12.16, while the earnings-per-share (ttm) stands at $0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.82% over the week and 4.01% over the month.
Analysts forecast that BRF S.A. (BRFS) will achieve an EPS of $0.06 for the current quarter, $0.08 for the next quarter and $0.29 for 2021. The lowest estimate earnings-per-share for the quarter is $0.03 while analysts give the company a high EPS estimate of $0.1. Comparatively, EPS for the current quarter was $0.14 a year ago. Earnings per share for the fiscal year are expected to increase by 157.90%, and 42.86% over the next financial year. EPS should shrink at an annualized rate of -11.20% over the next five years, compared to -9.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate BRF S.A. (BRFS) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 5 of the 11 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the BRFS, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on June 29, 2020, with the firm’s price target at. JP Morgan coverage for the BRF S.A. (BRFS) stock in a research note released on March 24, 2020 offered a Neutral rating with a price target of. HSBC Securities was of a view on December 16, 2019 that the stock is Buy, while Citigroup gave the stock Sell rating on July 29, 2019, issuing a price target of. JP Morgan on their part issued Overweight rating on June 13, 2019.