UBS Switzerland AG has recently announced that it has increased stake in BRF S.A. ADR (NYSE:BRFS) by 67.01%. After grabbing 13.0 million shares, the institutional investor is now in possession of 5.22 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 0.77% having worth around $37.96 million. Moreover, Macquarie Investment Management B increased its share by 0.12 million to have a control over 9.36 million shares. And Ninety One UK Ltd. raised its holdings to 3.59 million shares by acquiring 8.78 million shares or 0.52% of the stake.
BRF S.A. ADR (BRFS) concluded trading on 01/10/24 at a closing price of $2.58, with 3.57 million shares of worth about $9.21 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.65% during that period and on Wednesday the price saw a gain of about 1.18%. Currently the company’s common shares owned by public are about 1.68B shares, out of which, 1.68B shares are available for trading.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the BRFS stock and their offered price forecasts bring an average price target of $13.18. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $16.50 and could fall to a lowest price of $8.30. The stock’s current price level is 1.15% above of average price target set by the analysts, while a rise to estimated low would result in gain of 68.92% for the stock. However, touching the estimated high of $16.50 would mean a gain of 84.36% for the stock.
Delaware Emerging Markets Fund, Ninety One Glb. Strat. Fd. – Glob, and Old Westbury Small & Mid Cap Stra are the top 3 mutual funds which are holding stakes in BRF S.A. ADR Delaware Emerging Markets Fund is currently holding 6.85 million shares of worth totaling $20.0 million. The company recently came buying 0.0 shares which brought its stake up to 0.41% of the company’s outstanding shares. Ninety One Glb. Strat. Fd. – Glob sold -2.94 million shares, after which its hold over company’s outstanding shares shrunk to 0.30%, leaving 5.02 million shares with the mutual fund that have a worth of about $14.65 million. Old Westbury Small & Mid Cap Stra, after buying 2.75 million shares, have now control over 0.16% of the stake in the company. It holds 0.0 shares of worth $8.03 million.
BRF S.A. ADR (NYSE: BRFS) started trading at $2.57, above $0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 2.5975, or with a gain of 1.18%. Stock saw a price change of 1.18% in past 5 days and over the past one month there was a price change of -7.19%. Year-to-date (YTD), BRFS shares are showing a performance of -7.19% which increased to 56.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.05 but also hit the highest price of $3.09 during that period. The average intraday trading volume for BRF S.A. ADR shares is 4.51 million. The stock is currently trading -5.67% below its 20-day simple moving average (SMA20), while that difference is down -3.21% for SMA50 and it goes to 29.23% higher than SMA200.
UBS Switzerland AG acquired 13.0 million shares of BRF S.A. ADR having value of about $37.96 million. Data submitted at the U.S SEC by UBS Switzerland AG revealed that the firm now holds 5.22 million shares in the company valued at close to $13457465.76, or have control over 67.01% stake in the company. BRF S.A. ADR (NYSE: BRFS) currently have 1.68B outstanding shares and institutions hold larger chunk of about 5.31% of that. Holding of mutual funds in the company is about 1.45% while other institutional holders and individual stake holders have control over 3.84% and — of the stake respectively.
The stock has a current market capitalization of $4.33B and its 3Y-monthly beta is at 1.93. It has posted earnings per share of -$0.65 in the same period. It has Quick Ratio of 0.80 while making debt-to-equity ratio of 1.83. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BRFS, volatility over the week remained 2.74% while standing at 2.86% over the month.
Analysts are in expectations that BRF S.A. ADR (BRFS) stock would likely to be making an EPS of $Dutch Bros Inc. in the current quarter, while forecast for next quarter EPS is $29.48 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $BioLife Solutions, Inc. which is $Blue Ridge Bankshares, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $BRF S.A. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 33.76% while it is estimated to increase by 110.78% in next year.
Analysts at 9 brokerage firms have issued recommendations for the BRF S.A. ADR (BRFS)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.11. Out of those 9 Wall Street analysts, 1 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
