155 institutions hold shares in BRF S.A. (BRFS), with institutional investors hold 8.93% of the company’s shares. The shares outstanding are 807.69M, and float is at 797.05M with Short Float at 0.66%. Institutions hold 8.93% of the Float.
The top institutional shareholder in the company is Wells Fargo & Company with over 23.29 million shares valued at $97.84 million. The investor’s holdings represent 2.87% of the BRFS Shares outstanding. As of Dec 30, 2020, the second largest holder is Macquarie Group Limited with 9.52 million shares valued at $39.96 million to account for 1.17% of the shares outstanding. The other top investors are Blackrock Inc. which holds 4.52 million shares representing 0.56% and valued at over $18.98 million, while Connor Clark & Lunn Investment Management Ltd holds 0.34% of the shares totaling 2.75 million with a market value of $11.53 million.
BRF S.A. (NYSE: BRFS) is 5.48% higher on its value in year-to-date trading and has touched a low of $2.81 and a high of $4.84 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BRFS stock was last observed hovering at around $4.33 in the last trading session, with the day’s gains setting it 0.1% off its average median price target of $4.70 for the next 12 months. It is also 33.38% off the consensus price target high of $6.65 offered by 11 analysts, but current levels are -12.15% lower than the price target low of $3.95 for the same period.
Currently trading at $4.43, the stock is 0.62% and 4.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.42 million and changing 2.31% at the moment leaves the stock 12.83% off its SMA200. BRFS registered 43.37% gain for a year compared to 6-month gain of 35.47%. The firm has a 50-day simple moving average (SMA 50) of $4.2927 and a 200-day simple moving average (SMA200) of $3.9277.
The stock witnessed a 9.65% loss in the last 1 month and extending the period to 3 months gives it a 5.48%, and is 3.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.87% over the week and 4.06% over the month.
BRF S.A. (BRFS) has around 95000 employees, a market worth around $3.63B and $7.01B in sales. Current P/E ratio is 14.57 and Fwd P/E is 13.84. Profit margin for the company is 3.50%. Distance from 52-week low is 57.65% and -8.47% from its 52-week high. The company has generated returns on investments over the last 12 months (9.20%).
BRF S.A. (BRFS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for BRF S.A. (BRFS) is a “Overweight”. 11 analysts offering their recommendations for the stock have an average rating of 2.40, where 8 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
BRF S.A. is expected to release its quarterly report on 08/12/2021 and quarterly earnings per share for the current quarter are estimated at $0.02 with sales reaching $1.85B over the same period.The EPS is expected to grow by 14.40% this year, but quarterly earnings will post 2.20% year-over-year. Quarterly sales are estimated to shrink -7.80% in year-over-year returns.
BRF S.A. (BRFS): Who are the competitors?
The company’s main competitors (and peers) include Tyson Foods Inc. (TSN) that is trading 37.80% up over the past 12 months and Sanderson Farms Inc. (SAFM) that is 47.49% higher over the same period. Unilever PLC (UL) is 10.89% up on the 1-year trading charts. Short interest in the company’s stock has risen 13.74% from the last report on Feb 11, 2021 to stand at a total of 4.52 million short shares sold with a short interest ratio of 1.21.