BRF (NYSE:BRFS) Upgraded by StockNews.com to Strong-Buy Rating

BRF (NYSE:BRFS) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

BRFS has been the topic of several other reports. Bank of America increased their target price on BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Barclays raised their price objective on BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.70.

BRF Stock Performance

NYSE:BRFS opened at $4.22 on Wednesday. The company has a market cap of $4.56 billion, a P/E ratio of 9.80, a P/E/G ratio of 0.25 and a beta of 1.93. The firm’s 50 day moving average is $4.36 and its two-hundred day moving average is $4.09. BRF has a fifty-two week low of $2.45 and a fifty-two week high of $4.76. 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 Investors Weigh In On BRF

Large investors have recently modified their holdings of the stock. TD Private Client Wealth LLC purchased a new position in BRF in the 3rd quarter worth approximately $27,000. Public Employees Retirement System of Ohio purchased a new position in shares of BRF in the third quarter valued at $826,000. XTX Topco Ltd grew its holdings in BRF by 142.6% during the 3rd quarter. XTX Topco Ltd now owns 113,266 shares of the company’s stock valued at $495,000 after purchasing an additional 66,583 shares in the last quarter. State Street Corp increased its stake in BRF by 2.3% during the 3rd quarter. State Street Corp now owns 1,006,059 shares of the company’s stock worth $4,396,000 after buying an additional 22,608 shares during the period. Finally, Paloma Partners Management Co acquired a new position in BRF in the 3rd quarter worth $186,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Company Profile

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.