Brf S.A. (BRFS) Given Average Recommendation of “Hold” by Brokerages

Shares of Brf S.A. (NYSE:BRFS) have earned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $15.00.

A number of equities analysts have recently commented on BRFS shares. BidaskClub upgraded shares of BRF from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. J P Morgan Chase & Co upgraded shares of BRF from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $13.00 to $16.00 in a research report on Thursday, September 14th. Finally, Zacks Investment Research upgraded shares of BRF from a “sell” rating to a “hold” rating in a research report on Monday, September 18th.

BRF (BRFS) opened at $10.90 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.05 and a current ratio of 1.52. BRF has a 1 year low of $10.60 and a 1 year high of $15.50.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Westpac Banking Corp purchased a new position in shares of BRF during the third quarter worth approximately $5,209,000. Aberdeen Asset Management PLC UK raised its stake 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 acquiring an additional 517,200 shares in the last quarter. Grosvenor Capital Management L.P. raised its stake in shares of BRF by 83.5% during the second quarter. Grosvenor Capital Management L.P. now owns 1,573,202 shares of the company’s stock worth $18,548,000 after acquiring an additional 715,902 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of BRF by 89.1% during the third quarter. Daiwa Securities Group Inc. now owns 462,559 shares of the company’s stock worth $6,665,000 after acquiring an additional 217,900 shares in the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of BRF by 24.8% during the third quarter. Macquarie Group Ltd. now owns 5,084,388 shares of the company’s stock worth $73,266,000 after acquiring an additional 1,010,837 shares in the last quarter. 7.74% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This article was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at https://www.chaffeybreeze.com/2017/12/08/brf-s-a-brfs-given-average-recommendation-of-hold-by-brokerages.html.

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)

Receive News & Ratings for Brf S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brf S.A. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply