BRF S.A. (NYSE:BRFS) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Tuesday, July 25th.
Several other research analysts have also recently issued reports on the company. Bank of America Corporation reaffirmed a “buy” rating on shares of BRF in a research report on Thursday, May 25th. Citigroup Inc. cut BRF from a “buy” rating to a “neutral” rating in a research report on Monday, July 10th. Zacks Investment Research cut BRF from a “hold” rating to a “sell” rating in a research report on Thursday, June 15th. Finally, Barclays PLC started coverage on BRF in a research report on Tuesday, June 6th. They issued an “equal weight” rating and a $14.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $14.00.
Shares of BRF (BRFS) traded up 2.78% on Tuesday, hitting $12.92. The company had a trading volume of 2,625,512 shares. BRF has a 52 week low of $10.60 and a 52 week high of $18.12. The stock’s 50-day moving average is $12.11 and its 200 day moving average is $12.68. The company’s market capitalization is $10.32 billion.
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A number of hedge funds have recently bought and sold shares of BRFS. Macquarie Group Ltd. increased its stake in BRF by 59.2% in the first quarter. Macquarie Group Ltd. now owns 4,377,091 shares of the company’s stock valued at $53,621,000 after buying an additional 1,626,854 shares in the last quarter. Wells Fargo & Company MN increased its stake in BRF by 16.5% in the second quarter. Wells Fargo & Company MN now owns 3,329,752 shares of the company’s stock valued at $39,257,000 after buying an additional 471,770 shares in the last quarter. Vanguard Group Inc. increased its stake in BRF by 1.6% in the second quarter. Vanguard Group Inc. now owns 3,326,909 shares of the company’s stock valued at $39,224,000 after buying an additional 51,093 shares in the last quarter. Credit Agricole S A increased its stake in BRF by 521.3% in the first quarter. Credit Agricole S A now owns 2,585,312 shares of the company’s stock valued at $55,027,000 after buying an additional 2,169,212 shares in the last quarter. Finally, INCA Investments LLC increased its stake in BRF by 384.1% in the second quarter. INCA Investments LLC now owns 2,282,619 shares of the company’s stock valued at $26,912,000 after buying an additional 1,811,119 shares in the last quarter. 9.66% of the stock is owned by hedge funds and other institutional investors.
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.
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