BidaskClub upgraded shares of BRF S.A. (NYSE:BRFS) from a hold rating to a buy rating in a report released on Saturday morning.

Several other equities analysts have also recently issued reports on BRFS. Zacks Investment Research upgraded shares of BRF from a sell rating to a hold rating in a research report on Monday, September 18th. Barclays PLC assumed coverage on shares of BRF in a research report on Tuesday, June 6th. They issued an equal weight rating and a $14.00 price target for the company. J P Morgan Chase & Co upgraded shares of BRF from a neutral rating to an overweight rating and upped their price target for the company from $13.00 to $16.00 in a research report on Thursday, September 14th. Finally, Citigroup Inc. cut shares of BRF from a buy rating to a neutral rating in a research report on Monday, July 10th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. BRF presently has an average rating of Hold and an average price target of $15.00.

Shares of BRF (NYSE:BRFS) traded up 0.54% during trading on Friday, reaching $14.96. 1,292,684 shares of the company’s stock were exchanged. The stock’s market cap is $11.95 billion. The stock’s 50 day moving average price is $13.39 and its 200-day moving average price is $12.71. BRF has a 52-week low of $10.60 and a 52-week high of $18.12.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Grosvenor Capital Management L.P. increased its position in BRF by 83.5% in the 2nd quarter. Grosvenor Capital Management L.P. now owns 1,573,202 shares of the company’s stock valued at $18,548,000 after acquiring an additional 715,902 shares during the period. Virtu KCG Holdings LLC acquired a new position in BRF in the 2nd quarter valued at approximately $241,000. Nordea Investment Management AB increased its position in BRF by 63.7% in the 2nd quarter. Nordea Investment Management AB now owns 203,791 shares of the company’s stock valued at $2,403,000 after acquiring an additional 79,311 shares during the period. Vanguard Group Inc. increased its position in BRF by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 3,326,909 shares of the company’s stock valued at $39,224,000 after acquiring an additional 51,093 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of BRF by 25.4% in the 2nd quarter. Northern Trust Corp now owns 776,261 shares of the company’s stock valued at $9,153,000 after purchasing an additional 157,138 shares during the last quarter. Hedge funds and other institutional investors own 7.95% of the company’s stock.

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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