BRF (NYSE:BRFS) Raised to “Strong-Buy” at StockNews.com

BRF (NYSE:BRFS) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.

Several other equities research analysts have also commented on the company. Bank of America boosted their price target on BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Barclays raised their price target on BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, BRF has a consensus rating of “Moderate Buy” and an average price target of $10.70.

BRF Stock Up 2.1 %

Shares of NYSE BRFS opened at $4.22 on Wednesday. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 0.25 and a beta of 1.93. BRF has a 52 week low of $2.45 and a 52 week high of $4.76. The firm has a 50-day moving average price of $4.36 and a 200 day moving average price of $4.09. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05.

Institutional Trading of BRF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC acquired a new position in BRF in the 1st quarter valued at about $70,000. Cloverfields Capital Group LP lifted its stake in shares of BRF by 0.8% during the first quarter. Cloverfields Capital Group LP now owns 564,642 shares of the company’s stock valued at $1,841,000 after buying an additional 4,234 shares during the period. Bayesian Capital Management LP purchased a new stake in BRF in the 1st quarter worth approximately $48,000. Blue Trust Inc. purchased a new stake in BRF in the 2nd quarter worth approximately $51,000. Finally, Ninety One UK Ltd raised its holdings in BRF by 13.9% in the 2nd quarter. Ninety One UK Ltd now owns 1,776,249 shares of the company’s stock valued at $7,229,000 after acquiring an additional 216,693 shares during the last quarter. 4.76% of the stock is currently owned by hedge funds and other institutional investors.

About BRF

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.