Brf S.A. (NYSE:BRFS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors 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. “
Several other research analysts also recently weighed in on BRFS. BidaskClub upgraded Brf from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. J P Morgan Chase & Co upgraded Brf from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $13.00 to $16.00 in a research note on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.00.
Brf (NYSE:BRFS) traded up $0.09 during mid-day trading on Tuesday, hitting $12.69. The stock had a trading volume of 2,636,600 shares, compared to its average volume of 1,997,582. The company has a quick ratio of 1.13, a current ratio of 1.62 and a debt-to-equity ratio of 1.67. Brf has a 12 month low of $10.60 and a 12 month high of $16.01.
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A number of institutional investors and hedge funds have recently modified their holdings of BRFS. Alliancebernstein L.P. lifted its holdings in Brf by 145.8% during the 1st quarter. Alliancebernstein L.P. now owns 143,164 shares of the company’s stock worth $1,754,000 after purchasing an additional 84,924 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Brf by 17.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 580,632 shares of the company’s stock worth $7,113,000 after purchasing an additional 84,728 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Brf by 29.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 376,475 shares of the company’s stock worth $4,612,000 after purchasing an additional 86,741 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Brf during the 2nd quarter worth about $414,000. Finally, Capital One National Association purchased a new stake in Brf during the 2nd quarter worth about $195,000. 8.04% of the stock is currently owned by institutional investors and hedge funds.
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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