BRF SA (BRFS) Stock Rating Upgraded by Zacks Investment Research
BRF SA (NYSE:BRFS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
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. “
Shares of BRF SA (NYSE:BRFS) traded down 1.86% on Thursday, hitting $17.38. 1,934,417 shares of the company traded hands. BRF SA has a 1-year low of $11.05 and a 1-year high of $18.12. The firm has a market capitalization of $13.89 billion, a P/E ratio of 19.44 and a beta of 1.03. The firm’s 50-day moving average is $16.95 and its 200 day moving average is $15.02.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/13/brf-sa-brfs-stock-rating-upgraded-by-zacks-investment-research.html
BRF SA (NYSE:BRFS) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.28 by $0.27. On average, analysts anticipate that BRF SA will post $1.19 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in BRF SA by 19.0% in the first quarter. Renaissance Technologies LLC now owns 9,328,260 shares of the company’s stock valued at $132,648,000 after buying an additional 1,488,000 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in BRF SA during the second quarter valued at approximately $15,580,000. Macquarie Group Ltd. raised its position in BRF SA by 39.5% in the second quarter. Macquarie Group Ltd. now owns 2,554,773 shares of the company’s stock valued at $35,590,000 after buying an additional 723,841 shares during the last quarter. Oxford Asset Management raised its position in BRF SA by 18.7% in the second quarter. Oxford Asset Management now owns 2,259,849 shares of the company’s stock valued at $31,480,000 after buying an additional 356,184 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in BRF SA by 364.0% in the second quarter. Guggenheim Capital LLC now owns 356,709 shares of the company’s stock valued at $4,969,000 after buying an additional 279,824 shares during the last quarter. 7.39% of the stock is owned by institutional investors.
About BRF SA
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for BRF SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRF SA and related companies with MarketBeat.com's FREE daily email newsletter.