Brf S.A. (BRFS) Receives Average Rating of “Hold” from Brokerages

Shares of Brf S.A. (NYSE:BRFS) have been assigned an average recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $15.00.

Several analysts recently weighed in on BRFS shares. 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 target price for the company from $13.00 to $16.00 in a research note on Thursday, September 14th. Citigroup Inc. downgraded Brf from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. Finally, Zacks Investment Research upgraded Brf from a “sell” rating to a “hold” rating in a research note on Monday, September 18th.

Hedge funds have recently made changes to their positions in the business. Baldwin Investment Management LLC lifted its position in shares of Brf by 1.1% in the 2nd quarter. Baldwin Investment Management LLC now owns 10,365 shares of the company’s stock worth $122,000 after acquiring an additional 111 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Brf in the 2nd quarter worth approximately $139,000. Kissinger Financial Services LLC bought a new stake in shares of Brf in the 2nd quarter worth approximately $148,000. D.A. Davidson & CO. bought a new stake in shares of Brf in the 2nd quarter worth approximately $192,000. Finally, Capital One National Association bought a new stake in shares of Brf in the 2nd quarter worth approximately $195,000. Institutional investors own 7.89% of the company’s stock.

Shares of Brf (NYSE BRFS) opened at 14.31 on Thursday. The stock’s market capitalization is $11.43 billion. Brf has a 12-month low of $10.60 and a 12-month high of $17.53. The firm’s 50-day moving average price is $14.45 and its 200 day moving average price is $13.07.

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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.

Analyst Recommendations for Brf (NYSE:BRFS)

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