BRF S.A. common stock (BRFS) Upgraded to Hold by Zacks Investment Research

Share on StockTwits

Zacks Investment Research upgraded shares of BRF S.A. common stock (NYSE:BRFS) from a strong sell rating to a hold rating in a report published on Monday morning.

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. “

A number of other equities research analysts have also issued reports on the company. Bank of America upgraded BRF S.A. common stock from a neutral rating to a buy rating in a research report on Monday, July 2nd. ValuEngine upgraded BRF S.A. common stock from a sell rating to a hold rating in a research report on Thursday, August 2nd. Finally, Barclays upgraded BRF S.A. common stock from an equal weight rating to an overweight rating in a research report on Monday, July 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. BRF S.A. common stock currently has a consensus rating of Hold and an average target price of $11.50.

BRFS stock opened at $5.16 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $4.05 billion, a PE ratio of -32.25 and a beta of 0.93. BRF S.A. common stock has a 1 year low of $4.65 and a 1 year high of $15.50.

Hedge funds have recently bought and sold shares of the company. CIBC World Markets Inc. acquired a new position in BRF S.A. common stock in the first quarter valued at approximately $144,000. Dynamic Technology Lab Private Ltd lifted its holdings in BRF S.A. common stock by 126.6% in the first quarter. Dynamic Technology Lab Private Ltd now owns 25,198 shares of the company’s stock valued at $175,000 after acquiring an additional 14,077 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in BRF S.A. common stock by 30.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 41,482 shares of the company’s stock valued at $194,000 after acquiring an additional 9,670 shares during the last quarter. Bank of America Corp DE lifted its holdings in BRF S.A. common stock by 37.3% in the second quarter. Bank of America Corp DE now owns 41,486 shares of the company’s stock valued at $194,000 after acquiring an additional 11,263 shares during the last quarter. Finally, Banco de Sabadell S.A acquired a new position in BRF S.A. common stock in the first quarter valued at approximately $252,000. Institutional investors and hedge funds own 9.25% of the company’s stock.

BRF S.A. common stock Company Profile

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, sauce, mayonnaise, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine, mustard and ketchup, and sauces and mayonnaise; and soy meal and refined soy flour, as well as animal feed.

See Also: Understanding Price to Earnings Ratio (PE)

Get a free copy of the Zacks research report on BRF S.A. common stock (BRFS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for BRF S.A. common stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRF S.A. common stock and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply