BRF (NYSE:BRFS) received a $12.00 price objective from analysts at Barclays in a report released on Monday, TipRanks reports. The firm presently has a “buy” rating on the stock. Barclays‘s target price points to a potential upside of 28.07% from the company’s current price.
Several other brokerages also recently commented on BRFS. Zacks Investment Research upgraded shares of BRF from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a report on Wednesday, July 31st. BBA Icatu Securities upgraded shares of BRF from a “market perform” rating to an “outperform” rating in a report on Monday, July 22nd. Citigroup downgraded shares of BRF from a “neutral” rating to a “sell” rating in a report on Monday, July 29th. JPMorgan Chase & Co. upgraded shares of BRF from a “neutral” rating to an “overweight” rating and set a $8.00 price objective on the stock in a report on Thursday, June 13th. Finally, ValuEngine downgraded shares of BRF from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. BRF has an average rating of “Hold” and an average price target of $9.92.
BRFS traded down $0.40 during trading on Monday, hitting $9.37. The stock had a trading volume of 251,073 shares, compared to its average volume of 4,266,818. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of -17.31 and a beta of 0.82. BRF has a 12 month low of $4.71 and a 12 month high of $9.96. The company has a current ratio of 1.21, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. The company has a 50 day simple moving average of $8.73.
Several large investors have recently bought and sold shares of the company. Northern Trust Corp boosted its position in shares of BRF by 14.0% during the 4th quarter. Northern Trust Corp now owns 966,574 shares of the company’s stock valued at $5,490,000 after acquiring an additional 118,927 shares in the last quarter. Two Sigma Advisers LP acquired a new position in BRF in the fourth quarter valued at about $472,000. Bank of America Corp DE boosted its position in BRF by 1,282.8% in the fourth quarter. Bank of America Corp DE now owns 1,287,885 shares of the company’s stock valued at $7,315,000 after buying an additional 1,194,752 shares in the last quarter. Norges Bank acquired a new position in BRF in the fourth quarter valued at about $7,062,000. Finally, Deltec Asset Management LLC boosted its position in BRF by 19.0% in the first quarter. Deltec Asset Management LLC now owns 125,000 shares of the company’s stock valued at $727,000 after buying an additional 20,000 shares in the last quarter. Institutional investors own 11.82% of the company’s stock.
BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, 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; and soy meal and refined soy flour, as well as animal feed.
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