BidaskClub downgraded shares of Brf S.A. (NYSE:BRFS) from a hold rating to a sell rating in a research note released on Wednesday, October 25th.
Several other analysts also recently issued reports on BRFS. Zacks Investment Research upgraded Brf from a sell rating to a hold rating in a research note on Monday, September 18th. J P Morgan Chase & Co upgraded Brf from a neutral rating to an overweight rating and upped their price target for the stock from $13.00 to $16.00 in a research note on Thursday, September 14th. Finally, Citigroup Inc. downgraded Brf from a buy rating to a neutral rating in a research note on Monday, July 10th. One 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. The stock has a consensus rating of Hold and an average price target of $15.00.
Brf (BRFS) traded down $0.57 during mid-day trading on Wednesday, hitting $12.60. 2,372,300 shares of the company were exchanged, compared to its average volume of 1,994,651. Brf has a 12-month low of $10.60 and a 12-month high of $16.01. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.13 and a current ratio of 1.62.
Large investors have recently bought and sold shares of the company. Baldwin Investment Management LLC lifted its holdings in Brf by 1.1% during the second quarter. Baldwin Investment Management LLC now owns 10,365 shares of the company’s stock worth $122,000 after acquiring an additional 111 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Brf by 23.2% in the 2nd quarter. Legal & General Group Plc now owns 18,968 shares of the company’s stock valued at $224,000 after purchasing an additional 3,578 shares during the period. D.A. Davidson & CO. increased its position in shares of Brf by 35.6% in the third quarter. D.A. Davidson & CO. now owns 22,140 shares of the company’s stock valued at $319,000 after acquiring an additional 5,815 shares during the last quarter. OLD National Bancorp IN increased its position in shares of Brf by 32.8% in the third quarter. OLD National Bancorp IN now owns 23,911 shares of the company’s stock valued at $345,000 after acquiring an additional 5,899 shares during the last quarter. Finally, Global X Management Co. LLC increased its position in shares of Brf by 52.6% in the second quarter. Global X Management Co. LLC now owns 22,338 shares of the company’s stock valued at $263,000 after acquiring an additional 7,695 shares during the last quarter. Institutional investors and hedge funds own 8.00% 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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