Brf S.A. (NYSE:BRFS) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Other equities research analysts have also recently issued reports about the company. Citigroup Inc. cut Brf from a “buy” rating to a “neutral” rating in a research report on Monday, July 10th. Zacks Investment Research raised Brf from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Finally, J P Morgan Chase & Co raised Brf from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $13.00 to $16.00 in a report on Thursday, September 14th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.00.

Shares of Brf (NYSE BRFS) opened at 14.37 on Tuesday. Brf has a 1-year low of $10.60 and a 1-year high of $18.01. The firm’s market capitalization is $11.48 billion. The stock has a 50 day moving average of $14.19 and a 200-day moving average of $12.95.

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Hedge funds and other institutional investors have recently modified their holdings of the company. OLD National Bancorp IN purchased a new position in shares of Brf during the second quarter worth about $212,000. Aberdeen Asset Management PLC UK grew its holdings in shares of Brf by 75.0% during the second quarter. Aberdeen Asset Management PLC UK now owns 1,207,150 shares of the company’s stock worth $14,233,000 after purchasing an additional 517,200 shares in the last quarter. Deltec Asset Management LLC grew its holdings in shares of Brf by 28.0% during the second quarter. Deltec Asset Management LLC now owns 64,000 shares of the company’s stock worth $755,000 after purchasing an additional 14,000 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Brf by 10.4% during the second quarter. SG Americas Securities LLC now owns 95,804 shares of the company’s stock worth $1,130,000 after purchasing an additional 9,020 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Brf by 136.6% during the first quarter. Jane Street Group LLC now owns 441,702 shares of the company’s stock worth $5,411,000 after purchasing an additional 255,023 shares in the last quarter. 7.95% of the stock is owned by institutional investors.

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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