Brf S.A. (BRFS) Given Average Rating of “Hold” by Brokerages
Shares of Brf S.A. (NYSE:BRFS) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $15.00.
A number of analysts recently weighed in on the stock. BidaskClub raised shares of Brf from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research raised shares of Brf from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Barclays PLC assumed coverage on shares of Brf in a research note on Tuesday, June 6th. They set an “equal weight” rating and a $14.00 price objective on the stock. J P Morgan Chase & Co raised shares of Brf from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $13.00 to $16.00 in a research note on Thursday, September 14th. Finally, Citigroup Inc. cut shares of Brf from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th.
Shares of Brf (NYSE:BRFS) opened at 14.96 on Friday. The stock has a 50 day moving average price of $13.39 and a 200-day moving average price of $12.71. The firm’s market capitalization is $11.95 billion. Brf has a 52 week low of $10.60 and a 52 week high of $18.12.
A number of large investors have recently modified their holdings of BRFS. Credit Agricole S A increased its stake in Brf by 521.3% in the first quarter. Credit Agricole S A now owns 2,585,312 shares of the company’s stock valued at $55,027,000 after purchasing an additional 2,169,212 shares in the last quarter. BT Investment Management Ltd bought a new stake in Brf in the second quarter valued at approximately $22,740,000. Morgan Stanley increased its stake in Brf by 6,463.3% in the first quarter. Morgan Stanley now owns 1,866,137 shares of the company’s stock valued at $22,861,000 after purchasing an additional 1,837,704 shares in the last quarter. INCA Investments LLC increased its stake in Brf by 384.1% in the second quarter. INCA Investments LLC now owns 2,282,619 shares of the company’s stock valued at $26,912,000 after purchasing an additional 1,811,119 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in Brf by 59.2% in the first quarter. Macquarie Group Ltd. now owns 4,377,091 shares of the company’s stock valued at $53,621,000 after purchasing an additional 1,626,854 shares in the last quarter. 7.95% of the stock is owned by hedge funds and other institutional investors.
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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.
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