BRF SA (NYSE:BRFS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “BRF Brasil Foods SA, formerly Perdigao S.A., is a Brazil-based food company focused on the production and sale of poultry, pork, beef cuts, milk, dairy products, and processed food products. The Company’s products include frozen whole and cut chickens; frozen pork cuts and beef cuts; processed food products, such as marinated frozen whole and cut chickens, roosters (sold under the Chester brand) and turkeys; specialty meats, such as sausages, ham products, bologna, frankfurters, salamis, bacon and other smoked products; frozen processed meats, such as hamburgers, steaks, breaded meat products, kibes and meatballs, and frozen processed vegetarian foods; frozen prepared entrees, such as lasagnas and pizzas, as well as other frozen foods, including vegetables, cheese bread and pies; dairy products, such as cheeses, powdered milk and yogurts; juices, soy milk and soy juices; margarine; milk, and soy meal and refined soy flour, as well as animal feed. “

Separately, JPMorgan Chase & Co. raised BRF SA from a “neutral” rating to an “overweight” rating and set a $14.00 price objective on the stock in a research note on Tuesday, May 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.00.

Analyst Recommendations for BRF SA (NYSE:BRFS)

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Shares of BRF SA (NYSE:BRFS) traded up 0.61% during mid-day trading on Tuesday, reaching $16.45. The company had a trading volume of 1,106,533 shares. BRF SA has a 12-month low of $11.05 and a 12-month high of $18.33. The company has a market capitalization of $13.14 billion, a P/E ratio of 18.91 and a beta of 1.08. The firm has a 50-day moving average of $16.66 and a 200-day moving average of $14.69.

BRF SA (NYSE:BRFS) last released its earnings results on Friday, July 29th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.27. On average, equities analysts anticipate that BRF SA will post $1.85 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of BRFS. Harel Insurance Investments & Financial Services Ltd. raised its stake in BRF SA by 0.9% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,109 shares of the company’s stock worth $153,000 after buying an additional 100 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in BRF SA by 11.9% in the first quarter. Envestnet Asset Management Inc. now owns 12,141 shares of the company’s stock worth $173,000 after buying an additional 1,289 shares in the last quarter. JPMorgan Chase & Co. raised its stake in BRF SA by 0.4% in the first quarter. JPMorgan Chase & Co. now owns 379,604 shares of the company’s stock worth $5,398,000 after buying an additional 1,636 shares in the last quarter. World Asset Management Inc raised its stake in BRF SA by 3.9% in the second quarter. World Asset Management Inc now owns 51,230 shares of the company’s stock worth $714,000 after buying an additional 1,926 shares in the last quarter. Finally, Charlemagne Capital Ltd. raised its stake in BRF SA by 32.7% in the second quarter. Charlemagne Capital Ltd. now owns 10,539 shares of the company’s stock worth $147,000 after buying an additional 2,599 shares in the last quarter. Institutional investors own 7.42% of the company’s stock.

BRF SA Company Profile

BRF SA (BRF) is a food company that focuses on the production and sale of poultry, pork and processed foods. The Company produces fresh and frozen protein foods, with a portfolio of over four thousand stock keeping units (SKUs). It sells margarine, sweet specialties, sandwiches, mayonnaise and animal feed.

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