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BRFS Stock Forecast: All the More Reason to Consider BRF S.A. ADR (BRFS) Now

BRF S.A. ADR (NYSE: BRFS) is 73.43% higher on its value in year-to-date trading and has touched a low of $2.39 and a high of $4.72 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 $4.66 in the last trading session, with the day’s gains setting it 0.05%.

Currently trading at $4.71, the stock is 10.12% and 10.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.52 million and changing 1.07% at the moment leaves the stock 23.16% off its SMA200. BRFS registered 73.43% gain for a year compared to 6-month gain of 39.75%. The firm has a 50-day simple moving average (SMA 50) of $4.3244 and a 200-day simple moving average (SMA200) of $3.90045.

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The stock witnessed a 10.84% loss in the last 1 month and extending the period to 3 months gives it a 10.08%, and is 13.49% 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 2.79% over the week and 2.65% over the month.

Current P/E ratio is 12.52 and Fwd P/E is 18.54. Profit margin for the company is 5.57%. Distance from 52-week low is 96.79% and -0.32% from its 52-week high. The company has generated returns on investments over the last 12 months (8.99%).

The EPS is expected to grow by 222.51% this year.

BRF S.A. ADR (BRFS) Top Institutional Holders

The shares outstanding are 1.64B, and float is at 1.64B with Short Float at 0.25%.

The top institutional shareholder in the company is POLUNIN CAPITAL PARTNERS LTD with over 17.72 million shares valued at $72.1 million. The investor’s holdings represent 1.0602% of the BRFS Shares outstanding. As of 2024-06-30, the second largest holder is MACQUARIE GROUP LTD with 9.22 million shares valued at $37.53 million to account for 0.5519 of the shares outstanding. The other top investors are RENAISSANCE TECHNOLOGIES LLC which holds 5.69 million shares representing 0.3407% and valued at over $23.17 million, while MARSHALL WACE, LLP holds 0.2767 of the shares totaling 4.62 million with a market value of $18.82 million.

BRF S.A. ADR (BRFS) Insider Activity

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