Is Buying Stock In BRF S.A. (BRFS) A Good Move Today?

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BRF S.A. (NYSE:BRFS) saw a downside of -2.53% to close Monday at $1.54 after subtracting -$0.04 on the day. The 5-day average trading volume is 8,282,740 shares of the company’s common stock. It has gained $1.6350 in the past week and touched a new high 2 times within the past 5 days. An average of 5,316,925 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,821,650.

BRFS’s 1-month performance is 11.59% or $0.0600 on its low of $1.3700 reached on 12/27/22. The company’s shares have touched a 52-week low of $1.27 and high of $4.36, with the stock’s rally to the 52-week high happening on 01/10/23. YTD, BRFS has lost -2.53% or -$0.0400 and has reached a new high 5 times. However, the current price is down -64.72% from the 52-week high price.

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Valuation Metrics

BRFS stock has a beta of 1.70. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.15 while the price-to-book (PB) in the most recent quarter is 0.72, with the price to cash flow ratio at 33.21.

BRF S.A.’s quick ratio for the period ended September 29 was 0.70, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.94, while the total debt to equity was 2.25. In terms of profitability, the gross margin trailing 12 months is 16.70%. The firm’s gross profit as reported stood at $1.88 billion against revenue of $8.96 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, BRF S.A.’s cash and short-term investments amounted to $185.47 million against total debt of $28.53 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -1735.14% to $83.1 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected BRFS to announce $0.02 per share in earnings in its latest quarter, but it posted -$0.02, representing a -200.00% surprise. EBITDA for the quarter stood at more than $234.44 million. BRFS stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 8.86 billion, with total debt at $28.53 billion.

Let’s look briefly at BRF S.A. (BRFS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 46.76% to suggest the stock is trending Neutral, with historical volatility in this time period at 72.35%.

The stock’s 5-day moving average is $1.5480, reflecting a -3.75% or -$0.0600 change from its current price. BRFS is currently trading +9.22% above its 20-day SMA, -52.02% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -34.47% and SMA200 by-60.41%.

Stochastic %K and %D was 33.73% and 33.90% and the average true range (ATR) pointed at 0.1155. The RSI (14) points at 46.60%, while the 14-day stochastic is at 32.94% with the period’s ATR at 0.1154. The stock’s 9-day MACD Oscillator is pointing at -0.0667 and -0.0460 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for BRF S.A. (NYSE: BRFS), Barclays upgraded it to an Equal weight rating. They previously had an Underweight rating on the stock. Analysts offering their rating for BRFS stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate BRFS as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

What is BRFS’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $1.50 and a high of $4.55, with their median price target at $2.88. Looking at these predictions, the average price target given by analysts is for BRF S.A. (BRFS) stock is $3.06.

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