Brf S.A. (BRFS) Upgraded at J P Morgan Chase & Co
Brf S.A. (NYSE:BRFS) was upgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a research report issued on Thursday.
BRFS has been the subject of several other research reports. BidaskClub cut Brf from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Zacks Investment Research cut Brf from a “hold” rating to a “sell” rating in a report on Thursday, June 15th. Bank of America Corporation restated a “buy” rating on shares of Brf in a report on Thursday, May 25th. Barclays PLC initiated coverage on Brf in a report on Tuesday, June 6th. They issued an “equal weight” rating and a $14.00 price objective for the company. Finally, Citigroup Inc. cut Brf from a “buy” rating to a “neutral” rating in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Brf currently has an average rating of “Hold” and a consensus target price of $14.00.
Brf (NYSE:BRFS) opened at 14.37 on Thursday. Brf has a 52-week low of $10.60 and a 52-week high of $18.12. The company’s 50 day moving average price is $12.98 and its 200 day moving average price is $12.64. The firm’s market cap is $11.48 billion.
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A number of institutional investors have recently bought and sold shares of the stock. Grosvenor Capital Management L.P. grew its holdings in Brf by 83.5% during the second quarter. Grosvenor Capital Management L.P. now owns 1,573,202 shares of the company’s stock worth $18,548,000 after purchasing an additional 715,902 shares during the period. Virtu KCG Holdings LLC bought a new position in Brf during the second quarter worth about $241,000. Nordea Investment Management AB grew its holdings in Brf by 63.7% during the second quarter. Nordea Investment Management AB now owns 203,791 shares of the company’s stock worth $2,403,000 after purchasing an additional 79,311 shares during the period. Vanguard Group Inc. grew its holdings in Brf by 1.6% during the second quarter. Vanguard Group Inc. now owns 3,326,909 shares of the company’s stock worth $39,224,000 after purchasing an additional 51,093 shares during the period. Finally, Northern Trust Corp grew its holdings in Brf by 25.4% during the second quarter. Northern Trust Corp now owns 776,261 shares of the company’s stock worth $9,153,000 after purchasing an additional 157,138 shares during the period. Institutional investors and hedge funds own 7.92% of the company’s stock.
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.
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