Barclays Keeps Hold Rating on BRF SA with $3.50 Price Target

Barclays analyst Benjamin Theurer maintains a Hold rating on BRF SA with a $3.50 price target. Theurer covers the Consumer Defensive sector and has a 51.52% success rate on recommended stocks. BRF SA has a Moderate Buy consensus with a $3.75 price target. The company has a one-year high of $4.87 and a one-year low of $2.99, with an average volume of 4.06M.

Barclays analyst Benjamin Theurer maintains a Hold rating on BRF SA (BRFS) with a $3.50 price target. Theurer covers the Consumer Defensive sector and has a 51.52% success rate on recommended stocks. BRF SA has a Moderate Buy consensus with a $3.75 price target. The company has a one-year high of $4.87 and a one-year low of $2.99, with an average volume of 4.06M.

Company Overview
BRF SA is an international producer of fresh and frozen protein foods. It operates by raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and others. The company holds as its main brands Sadia, Perdigao, Qualy, Chester, Kidelli, Perdix, Banvit, Biofresh, and Gran Plus, present mainly in Brazil, Turkey, and Middle Eastern countries. The group has three reportable segments: Brazil, International, and Other segments [1].

Analyst Ratings and Price Targets
Barclays analyst Benjamin Theurer has a Hold rating on BRF SA with a price target of $3.50. Theurer cited favorable market fundamentals, the start-up of low-carbon ammonia production, and continued share buybacks as key drivers for upgrading CF Industries (NYSE:CF) and Corteva (NYSE:CTVA) to Overweight [2]. However, BRF SA has a Moderate Buy consensus with a $3.75 price target.

Financial Performance
BRF SA's earnings have fluctuated but have increased since 2021. The company's operating margin, quick ratio, and debt-to-equity ratio are all above average compared to its peers. BRF SA's operating margin is 0.1212, quick ratio is 0.9549, and debt-to-equity ratio is 2.8367 [1].

Conclusion
BRF SA's financial performance and analyst ratings suggest a stable company with a moderate buy consensus. However, the Hold rating from Barclays indicates a cautious approach to the stock. Investors should consider the company's financial health, growth potential, and analyst ratings when making investment decisions.

References
[1] https://www.benzinga.com/quote/BRFS/report
[2] https://seekingalpha.com/news/4484884-barclays-upgrades-cf-industries-corteva-on-strong-results-latam-growth-potential