BRF SA (NYSE:BRFS)’s share price rose 1.2% during mid-day trading on Thursday . The company traded as high as $6.74 and last traded at $6.75. Approximately 1,126,400 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 3,017,596 shares. The stock had previously closed at $6.67.
BRFS has been the topic of a number of analyst reports. TheStreet cut shares of BRF from a “c-” rating to a “d+” rating in a research note on Thursday, February 8th. JPMorgan Chase cut shares of BRF from an “overweight” rating to a “neutral” rating in a research note on Friday, February 23rd. UBS cut shares of BRF from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Zacks Investment Research cut shares of BRF from a “hold” rating to a “strong sell” rating in a research note on Monday, February 26th. Finally, Bank of America lowered BRF from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 6th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.00.
The company has a debt-to-equity ratio of 1.32, a current ratio of 1.29 and a quick ratio of 0.85. The stock has a market capitalization of $5,329.36, a price-to-earnings ratio of -39.69 and a beta of 0.77.
Large investors have recently modified their holdings of the business. Ellington Management Group LLC purchased a new position in BRF in the 4th quarter worth about $114,000. ING Groep NV purchased a new position in BRF in the 4th quarter worth about $146,000. Gould Asset Management LLC CA raised its position in BRF by 56.0% in the 4th 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 last quarter. Advisory Research Inc. purchased a new position in BRF in the 4th quarter worth about $410,000. Finally, Landscape Capital Management L.L.C. purchased a new position in BRF in the 4th quarter worth about $841,000. 7.60% of the stock is owned by institutional investors and hedge funds.
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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