The BRF S.A. (NYSE:BRFS) is going up by 1.25% in today’s trading session, a rise equivalent to 0.1% of the stock’s price from yesterday’s market close. A news came out on 10/09/19 stating that BRF announces expiration and final results of its cash tender offer for its 4.75% Senior Notes due 2024 by WSJ. The lowest point that the shares touched during the trading session was $7.84, while the peak of the day was recorded at a share price of $8.02. BRFS finished the previous session at $7.97 according to the data provided by Barchart, while the trading volume was observed to be $1162511.
In the 100 days of trading, BRFS managed to top a 8.94% Moving average. Additionally, BRF S.A. shares have achieved a 52-week range between 5.02 and 9.96 alongside 100 days raw stochastic set at 14.73%.
The number of shares outstanding, according to the fundamentals of the company, is set at 811.14M, equal to the value of $6.46B in market capitalization. In the last 30 days, BRF S.A. shares went down by -12.78%, adding 9.23 to growth in value, on top of a +4.27% boost since 10/22/19.
BRF S.A. (NYSE:BRFS) Analyst’s Estimates
BRF S.A. (BRFS) could record at least $0.12 per share in quarterly earnings in the upcoming report, a number that would actually represent an increase of 0.42 YOY.
On July 29, 2019, the stock earned a Downgrade rating due to a new analyst call from Citigroup, while analysts from JP Morgan believe that the stock is set at Overweight from Neutral, as concluded on June 13, 2019. BofA/Merrill, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on July 02, 2018.
JP Morgan, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on February 23, 2018, giving the stock a Neutral from the Overweight rating.
BRFS Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +15.17% has been attained, while the operating margin has been recorded at -1.41%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -4.60%. Beta value of the stock is recorded at 0.70. Additionally, BRF S.A. is recording price volatility of 1.82% for the period of the last seven days and 2.56% in the last 30 days.
BRF S.A. (NYSE:BRFS) Technical Outlook
For the period of the last 50 days, BRF S.A. had its Raw Stochastic average set at 16.02% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 22.76%. Stochastic %K for BRF S.A., with the last 20 days included, was set at 17.41%, having Stochastic %D topping 14.92%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for BRF S.A. stocks with recording 40.32% in metrics.
BRF S.A. Insider Watch:
Similarly, 10.97% of the company’s float is held by institutions – and there are 165 institutions in total holding shares of this company. The top three institutional holders of BRFS stocks are: Wells Fargo & Company with ownership of $124.07 million, which is approximately 13544962 of the company’s shares; Macquarie Group Limited, holding 10116437 shares of the stock with an approximate value of $92.67 million; and INCA Investments, LLC, currently with more than 5691000 shares of the company valued at $52.13 million. Positions in BRF S.A. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 0 insider purchases amounting to 0 shares.