UBS Switzerland AG recently announced the acquisition of new stake in BRF S.A. ADR (NYSE:BRFS). The institutional investor has increased its shareholding in the Consumer Defensive company by 67.01% to 13.0 million shares with purchase of 5.22 million shares. This fresh investment now brings its stake to 0.77% valued currently at $26.91 million. In addition, Macquarie Investment Management B raised its holdings by 0.12 million to 9.36 million shares. And Ninety One UK Ltd. has lifted its position by 69.38% or 3.59 million shares – to 8.78 million shares.
With over 4.7 million BRF S.A. ADR (BRFS) shares trading Tuesday and a closing price of $2.89 on the day, the dollar volume was approximately $13.58 million. The shares have shown a positive half year performance of 61.45% and its price on 12/05/23 lost nearly -3.99%. Currently, there are 1.68B common shares owned by the public and among those 1.68B shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for BRFS have a consensus price objective of $2.52. The analysts have set the share’s price value over the next 12 months at a high of $3.20 and a low of $1.70. The average price target is -14.68% below its recent price level and a downside to the estimated low will see the stock lose -70.0% over that period. But an upside of 9.69% will see the stock hit the forecast high price target while median target price for the stock is $2.47.
The top 3 mutual fund holders in BRF S.A. ADR are Ninety One Glb. Strat. Fd. – Glob, Delaware Emerging Markets Fund, and Allspring Emerging Markets Equity. Ninety One Glb. Strat. Fd. – Glob owns 7.96 million shares of the company’s stock, all valued at over $16.48 million. The company bought an additional 2.53 million shares recently to bring their total holdings to about 0.47% of the shares outstanding. Allspring Emerging Markets Equity sold -2.7 million shares to bring its total holdings to over 3.97 million shares at a value of $8.22 million. Allspring Emerging Markets Equity now owns shares totaling to 0.24% of the shares outstanding.
Shares of BRF S.A. ADR (NYSE: BRFS) opened at $2.99, down -$0.02 from a prior closing price of $3.01. However, the script later moved the day high at 3.0181, down -3.99%. The company’s stock has a 5-day price change of -3.99% and 56.22% over the past three months. BRFS shares are trading 82.91% year to date (YTD), with the 12-month market performance up to 69.01% higher. It has a 12-month low price of $1.05 and touched a high of $3.09 over the same period. BRFS has an average intraday trading volume of 4.93 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 5.90%, 23.26%, and 58.57% respectively.
Institutional ownership of BRF S.A. ADR (NYSE: BRFS) shares accounts for 5.31% of the company’s 1.68B shares outstanding. Mutual fund holders own 1.86%, while other institutional holders and individual stakeholders account for 3.43% and — respectively.
It has a market capitalization of $4.85B and a beta (3y monthly) value of 1.94. The earnings-per-share (ttm) stands at -$0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.43% over the week and 4.67% over the month.
Analysts forecast that BRF S.A. ADR (BRFS) will achieve an EPS of $0.02 for the current quarter, -$0.02 for the next quarter and -$0.02 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.05. Comparatively, EPS for the current quarter was -$0.16 a year ago. Earnings per share for the fiscal year are expected to increase by 40.30%, and 112.30% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate BRF S.A. ADR (BRFS) as a “Moderate Buy” at a consensus score of 2.89. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 5 of the 9 advise that investors “hold,” and 1 rated it as a “Sell.”
