ValuEngine upgraded shares of BRF (NYSE:BRFS) from a strong sell rating to a sell rating in a research report report published on Wednesday.
BRFS has been the topic of several other reports. UBS Group downgraded shares of BRF from a buy rating to a hold rating in a research note on Friday, February 23rd. Bank of America downgraded shares of BRF from a buy rating to a neutral rating in a research note on Tuesday, March 6th. JPMorgan Chase & Co. downgraded shares of BRF from an overweight rating to a neutral rating in a research note on Friday, February 23rd. Zacks Investment Research downgraded shares of BRF from a hold rating to a strong sell rating in a research note on Monday, February 26th. Finally, TheStreet downgraded shares of BRF from a c- rating to a d+ rating in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $15.00.
Shares of BRF (NYSE:BRFS) opened at $8.11 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.29 and a debt-to-equity ratio of 1.32. BRF has a one year low of $7.45 and a one year high of $15.50.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Ellington Management Group LLC purchased a new position in shares of BRF in the fourth quarter worth $114,000. ING Groep NV purchased a new position in shares of BRF in the fourth quarter worth $146,000. Gould Asset Management LLC CA increased its stake in shares of BRF by 56.0% in the fourth quarter. Gould Asset Management LLC CA now owns 19,621 shares of the company’s stock worth $221,000 after buying an additional 7,045 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new position in shares of BRF in the third quarter worth $240,000. Finally, D.A. Davidson & CO. increased its stake 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 worth $319,000 after buying an additional 5,815 shares during the period. 7.44% of the stock is currently owned by institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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