BRF (NYSE:BRFS) Upgraded by Citigroup to “Strong-Buy” Rating

BRF (NYSE:BRFS) was upgraded by equities research analysts at Citigroup from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Separately, StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $10.70.

BRF Trading Down 1.2 %

BRF stock opened at $3.68 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. The firm has a 50-day moving average of $4.18 and a 200-day moving average of $4.24. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 0.21 and a beta of 1.88. BRF has a one year low of $2.67 and a one year high of $4.87.

Hedge Funds Weigh In On BRF

Several institutional investors and hedge funds have recently made changes to their positions in BRFS. American Century Companies Inc. boosted its stake in BRF by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 837,401 shares of the company’s stock valued at $3,408,000 after purchasing an additional 45,061 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of BRF by 12.2% in the second quarter. Dimensional Fund Advisors LP now owns 23,448 shares of the company’s stock valued at $95,000 after acquiring an additional 2,555 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in BRF by 36.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,900 shares of the company’s stock worth $92,000 after acquiring an additional 6,113 shares during the period. Hsbc Holdings PLC raised its stake in BRF by 886.7% in the 2nd quarter. Hsbc Holdings PLC now owns 230,636 shares of the company’s stock worth $939,000 after purchasing an additional 207,262 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in BRF in the 2nd quarter valued at about $190,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Company Profile

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.