BRF S.A. (BRFS) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

BRF S.A. (NYSE: BRFS) stock fell -1.05% on Friday to $1.89 against a previous-day closing price of $1.91. With 3.88 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.99 million shares. During the session, the Packaged Foods company that operates in wider Consumer Defensive sector, reached to the highest price of $1.9400 whereas the lowest price it dropped to was $1.8500. The 52-week range on BRFS shows that it touched its highest point at $2.97 and its lowest point at $1.05 during that stretch. It currently has a 1-year price target of $1.80. Beta for the stock currently stands at 1.70.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BRFS was up-trending over the past week, with a rise of 3.85%, but this was down by -8.25% over a month. Three-month performance dropped to -3.57% while six-month performance rose 45.38%. The stock lost -35.93% in the past year, while it has gained 19.62% so far this year. A look at the trailing 12-month EPS for BRFS yields -0.65 with Next year EPS estimates of -0.01. For the next quarter, that number is -0.02. This implies an EPS growth rate of -578.80% for this year and 97.60% for next year.

Float and Shares Shorts:

At present, 1.68 billion BRFS shares are outstanding with a float of 1.67 billion shares on hand for trading. On Aug 30, 2023, short shares totaled 12.68 million, which was 0.76% higher than short shares on Jul 30, 2023. In addition to Mr. Miguel de Souza Gularte as the firm’s Global Chief Exec. Officer, Mr. Fabio Luis Mendes Mariano serves as its Chief Financial & Investor Relations Officer and Member of Exec. Board.

Institutional Ownership:

Through their ownership of 5.45% of BRFS’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, BRFS reported revenue of $12.94B and operating income of $135.45M. The EBITDA in the recently reported quarter was $722.29M and diluted EPS was -$0.50.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BRFS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BRFS analysts setting a high price target of $2.81 and a low target of $1.47, the average target price over the next 12 months is $2.19. Based on these targets, BRFS could surge 48.68% to reach the target high and fall by -22.22% to reach the target low. Reaching the average price target will result in a growth of 15.87% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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