BRF (NYSE:BRFS) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of BRF (NYSE:BRFS) from a buy rating to a strong-buy rating in a research report report published on Wednesday morning.

A number of other equities analysts have also commented on the stock. Bank of America raised their target price on shares of BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Barclays raised their price objective on BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.70.

BRF Trading Up 0.5 %

NYSE BRFS opened at $4.34 on Wednesday. The stock has a market cap of $4.70 billion, a PE ratio of 10.09, a PEG ratio of 0.23 and a beta of 1.93. BRF has a 12 month low of $2.45 and a 12 month high of $4.76. The company’s 50-day moving average price is $4.36 and its 200-day moving average price is $4.10. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05.

BRF Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, December 16th. Investors of record on Wednesday, November 27th will be paid a $0.1001 dividend. This is an increase from BRF’s previous — dividend of $0.03. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a yield of 1.8%. BRF’s payout ratio is 16.28%.

Institutional Trading of BRF

Several hedge funds and other institutional investors have recently bought and sold shares of BRFS. Marshall Wace LLP lifted its stake in shares of BRF by 534.6% during the 2nd quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock worth $18,816,000 after purchasing an additional 3,894,533 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of BRF by 56.5% during the second quarter. Renaissance Technologies LLC now owns 5,692,814 shares of the company’s stock valued at $23,170,000 after buying an additional 2,056,054 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of BRF by 660.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company’s stock valued at $5,281,000 after buying an additional 1,049,373 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of BRF in the 2nd quarter worth approximately $1,133,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of BRF during the 2nd quarter worth approximately $927,000. Institutional investors 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.