BRF (BRFS) Trading 5.6% Higher
Brf S.A. (NYSE:BRFS)’s share price traded up 5.6% during mid-day trading on Tuesday . The company traded as high as $7.22 and last traded at $7.13. 7,041,500 shares changed hands during trading, an increase of 84% from the average session volume of 3,825,114 shares. The stock had previously closed at $6.75.
A number of equities analysts have issued reports on the company. Santander upgraded BRF from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Zacks Investment Research downgraded BRF from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. ValuEngine upgraded BRF from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. Finally, Barclays reiterated a “buy” rating and set a $7.00 price target on shares of BRF in a research report on Sunday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $7.00.
The stock has a market capitalization of $5.48 billion, a PE ratio of -13.20 and a beta of 0.56. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.31 and a quick ratio of 0.94.
A number of hedge funds have recently modified their holdings of BRFS. Clarfeld Financial Advisors LLC acquired a new position in shares of BRF during the fourth quarter valued at approximately $25,000. HRT Financial LLC acquired a new position in shares of BRF during the fourth quarter valued at approximately $58,000. Regal Investment Advisors LLC acquired a new position in shares of BRF during the fourth quarter valued at approximately $81,000. NumerixS Investment Technologies Inc raised its holdings in shares of BRF by 62.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 16,200 shares of the company’s stock valued at $91,000 after acquiring an additional 6,200 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of BRF during the fourth quarter valued at approximately $108,000. Institutional investors own 10.53% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “BRF (BRFS) Trading 5.6% Higher” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2019/04/16/brf-brfs-trading-5-6-higher.html.
About BRF (NYSE:BRFS)
BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, sauce, mayonnaise, 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, mustard and ketchup, and sauces and mayonnaise; and soy meal and refined soy flour, as well as animal feed.
Featured Article: Asset Allocation, Balancing Your Investments
Receive News & Ratings for BRF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRF and related companies with MarketBeat.com's FREE daily email newsletter.