Barclays analyst Benjamin Theurer maintained a Buy rating on BRF SA (BRFS) yesterday and set a price target of $12. The company’s shares closed last Monday at $9.71, close to its 52-week high of $9.96.
According to TipRanks.com, Theurer is a 4-star analyst with an average return of 6.0% and a 54.7% success rate. Theurer covers the Consumer Goods sector, focusing on stocks such as Pilgrim’s Pride, Sanderson Farms, and Tyson Foods.
Currently, the analyst consensus on BRF SA is a Moderate Buy with an average price target of $12.
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Based on BRF SA’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $266 million. In comparison, last year the company had a GAAP net loss of $439 million.
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BRF SA engages in the breeding and slaughter of poultry and pork for processing. The firm also produces and sells fresh meat processed foods, pasta, sauce, mayonnaise, frozen vegetables, and soybean byproducts. It operates through the following business segments: Brazil, Halal, International, and Other.
