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

BRF (NYSE:BRFS) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday.

A number of other equities research analysts have also weighed in on BRFS. Barclays boosted their target price on shares of BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Bank of America increased their price target on BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $10.70.

BRF Stock Performance

Shares of BRFS opened at $4.34 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. The business’s 50 day moving average price is $4.36 and its 200-day moving average price is $4.09. BRF has a 52 week low of $2.45 and a 52 week high of $4.76. The stock has a market cap of $4.70 billion, a P/E ratio of 10.09, a P/E/G ratio of 0.22 and a beta of 1.93.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew 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 purchasing an additional 2,056,054 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of BRF by 534.6% in the 2nd quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock valued at $18,816,000 after acquiring an additional 3,894,533 shares during the last quarter. Ninety One UK Ltd lifted its holdings in shares of BRF by 13.9% in the 2nd quarter. Ninety One UK Ltd now owns 1,776,249 shares of the company’s stock valued at $7,229,000 after acquiring an additional 216,693 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted 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 acquiring an additional 1,049,373 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of BRF by 2.3% in the 3rd quarter. State Street Corp now owns 1,006,059 shares of the company’s stock valued at $4,396,000 after acquiring an additional 22,608 shares during the last quarter. Hedge funds and other institutional investors 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.