The share price of BRF S.A. (NYSE:BRFS) rose to $3.18 per share on Wednesday from $3.07. While BRF S.A. has overperformed by 3.58%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BRFS fell by -33.89%, with highs and lows ranging from $5.19 to $2.30, whereas the simple moving average fell by -7.67% in the last 200 days.
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On May 05, 2022, JP Morgan Downgraded BRF S.A. (NYSE: BRFS) to Underweight. A report published by Goldman on April 11, 2022, Downgraded its rating to ‘Sell’ for BRFS. Goldman also Downgraded BRFS shares as ‘Neutral’, setting a target price of $6.10 on the company’s shares in a report dated June 28, 2021. Barclays May 17, 2021d its ‘Equal Weight’ rating to ‘Underweight’ for BRFS, as published in its report on May 17, 2021. Goldman’s report from April 23, 2021 suggests a price prediction of $6 for BRFS shares, giving the stock a ‘Buy’ rating. Barclays also rated the stock as ‘Equal Weight’.
Analysis of BRF S.A. (BRFS)
Further, the quarter-over-quarter increase in sales is 13.70%, showing a positive trend in the upcoming months.
To gain a thorough understanding of BRF S.A.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -12.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.80, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and BRFS is recording an average volume of 3.78M. On a monthly basis, the volatility of the stock is set at 4.69%, whereas on a weekly basis, it is put at 4.43%, with a gain of 3.92% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.30, showing growth from the present price of $3.18, which can serve as yet another indication of whether BRFS is worth investing in or should be passed over.
How Do You Analyze BRF S.A. Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.70%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 5.90% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in BRFS shares?
The recent increase in stakes in BRFS appears to be a result of several institutional investors and hedge funds increasing their positions. Allspring Global Investments LLC’s position in BRFS has decreased by -2.62% in the first quarter. The company now owns 24,342,710 shares of the stock, with a value of $62.32 million, following the sale of -656,000 additional shares during the last quarter. Macquarie Investment Management B made another decreased to its shares in BRFS during the first quarter, downing its stake by -0.34%.
At the end of the first quarter, BlackRock Fund Advisors increased its BRFS holdings by 146.87% and now holds 2.96 million BRFS shares valued at $7.57 million with the added 1.76 million shares during the period. BRFS shares are owned by institutional investors to the tune of 5.90% at present.
