Brf S.A. (BRFS) Given Average Rating of “Hold” by Analysts
Shares of Brf S.A. (NYSE:BRFS) have received a consensus rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $14.00.
BRFS has been the subject of a number of recent research reports. BidaskClub cut shares of Brf from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of Brf from a “hold” rating to a “sell” rating in a research note on Thursday, June 15th. Bank of America Corporation reaffirmed a “buy” rating on shares of Brf in a research note on Thursday, May 25th. Barclays PLC initiated coverage on shares of Brf in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $14.00 target price for the company. Finally, Citigroup Inc. cut shares of Brf from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th.
WARNING: “Brf S.A. (BRFS) Given Average Rating of “Hold” by Analysts” was posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://www.americanbankingnews.com/2017/08/30/brf-s-a-brfs-given-average-rating-of-hold-by-analysts.html.
A number of hedge funds have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. purchased a new stake in Brf during the fourth quarter valued at approximately $1,048,000. Wells Fargo & Company MN boosted its stake in Brf by 14.8% in the first quarter. Wells Fargo & Company MN now owns 2,857,982 shares of the company’s stock valued at $35,011,000 after buying an additional 367,537 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in Brf during the first quarter valued at approximately $269,000. Insight 2811 Inc. boosted its stake in Brf by 13.6% in the first quarter. Insight 2811 Inc. now owns 13,523 shares of the company’s stock valued at $166,000 after buying an additional 1,621 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Brf by 154.1% in the first quarter. Bank of New York Mellon Corp now owns 684,182 shares of the company’s stock valued at $8,381,000 after buying an additional 414,876 shares during the last quarter. 7.92% of the stock is owned by hedge funds and other institutional investors.
Shares of Brf (NYSE BRFS) opened at 13.44 on Wednesday. Brf has a 1-year low of $10.60 and a 1-year high of $18.12. The stock has a 50 day moving average price of $12.30 and a 200 day moving average price of $12.65. The company’s market capitalization is $10.74 billion.
Brf Company Profile
BRF SA is a multinational Brazilian company that owns a diverse portfolio of products and is a producer of foods. The Company’s segments include Brazil, Latin America (LATAM), Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. These segments include sales of all distribution channels and operations subdivided in to poultry, pork and other, processed, and other sales.
Receive News & Ratings for Brf S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brf S.A. and related companies with MarketBeat.com's FREE daily email newsletter.