BRF (NYSE:BRFS) Upgraded at Citigroup

Citigroup upgraded shares of BRF (NYSE:BRFS) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

Separately, StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th. Two investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $10.70.

BRF Trading Up 0.7 %

Shares of NYSE:BRFS opened at $3.70 on Wednesday. The company has a market capitalization of $4.00 billion, a P/E ratio of 8.59, a P/E/G ratio of 0.21 and a beta of 1.88. BRF has a 1 year low of $2.67 and a 1 year high of $4.87. 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 business’s 50 day simple moving average is $4.17 and its 200 day simple moving average is $4.24.

BRF Cuts Dividend

The firm also recently announced a — dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were issued a $0.0217 dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, December 18th. BRF’s dividend payout ratio is presently 20.93%.

Institutional Investors Weigh In On BRF

A number of large investors have recently modified their holdings of the business. TD Private Client Wealth LLC acquired a new stake in shares of BRF during the 3rd quarter valued at $27,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of BRF during the 4th quarter valued at $43,000. PFG Investments LLC acquired a new stake in shares of BRF during the 4th quarter valued at $51,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of BRF during the 2nd quarter valued at $58,000. Finally, US Bancorp DE boosted its holdings in shares of BRF by 127.1% during the 3rd quarter. US Bancorp DE now owns 15,871 shares of the company’s stock valued at $69,000 after acquiring an additional 8,882 shares in the last quarter. Institutional investors and hedge funds own 4.76% of the company’s stock.

About BRF

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.