BRF (NYSE:BRFS) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report released on Friday.
A number of other research firms have also recently weighed in on BRFS. Barclays reaffirmed a “buy” rating and set a $7.00 target price on shares of BRF in a research note on Sunday, March 3rd. Zacks Investment Research cut shares of BRF from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. BRF currently has an average rating of “Hold” and an average target price of $7.00.
Shares of NYSE BRFS traded up $0.51 during midday trading on Friday, reaching $5.90. 10,250,100 shares of the company were exchanged, compared to its average volume of 3,757,390. The stock has a market cap of $4.40 billion, a PE ratio of -10.93 and a beta of 0.54. BRF has a one year low of $4.65 and a one year high of $7.66. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 1.31.
Large investors have recently modified their holdings of the company. Baillie Gifford & Co. lifted its holdings in BRF by 754.6% in the third quarter. Baillie Gifford & Co. now owns 14,118,723 shares of the company’s stock valued at $77,371,000 after buying an additional 12,466,627 shares during the period. INCA Investments LLC lifted its holdings in BRF by 22.1% in the fourth quarter. INCA Investments LLC now owns 7,596,159 shares of the company’s stock valued at $43,146,000 after buying an additional 1,375,159 shares during the period. Macquarie Group Ltd. lifted its holdings in BRF by 14.1% in the fourth quarter. Macquarie Group Ltd. now owns 10,343,541 shares of the company’s stock valued at $58,751,000 after buying an additional 1,277,711 shares during the period. Norges Bank acquired a new position in BRF in the fourth quarter valued at $7,062,000. Finally, Bank of America Corp DE lifted its holdings in BRF by 1,282.8% in the fourth quarter. Bank of America Corp DE now owns 1,287,885 shares of the company’s stock valued at $7,315,000 after buying an additional 1,194,752 shares during the period. Institutional investors own 10.28% of the company’s stock.
BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, sauce, mayonnaise, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine, mustard and ketchup, and sauces and mayonnaise; and soy meal and refined soy flour, as well as animal feed.
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