BRF (NYSE:BRFS) Rating Increased to Strong-Buy at 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.

BRFS has been the subject of a number of other reports. Bank of America increased their price target on BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Barclays increased their target price on BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, BRF presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Stock Up 1.0 %

Shares of BRFS stock opened at $4.25 on Wednesday. The stock has a market cap of $4.60 billion, a P/E ratio of 9.88, a PEG ratio of 0.25 and a beta of 1.93. The company’s fifty day simple moving average is $4.36 and its two-hundred day simple moving average is $4.09. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. BRF has a 52 week low of $2.45 and a 52 week high of $4.76.

BRF Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.1001 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from BRF’s previous — dividend of $0.03. This represents a yield of 1.8%. BRF’s dividend payout ratio is 38.37%.

Hedge Funds Weigh In On BRF

Institutional investors and hedge funds have recently modified their holdings of the stock. TD Private Client Wealth LLC purchased a new stake in BRF during the 3rd quarter valued at $27,000. Atomi Financial Group Inc. purchased a new stake in shares of BRF in the second quarter valued at $48,000. Blue Trust Inc. bought a new stake in shares of BRF in the 2nd quarter worth about $51,000. SPX Gestao de Recursos Ltda purchased a new position in shares of BRF during the 2nd quarter worth about $58,000. Finally, Bayesian Capital Management LP bought a new position in BRF during the 1st quarter valued at about $48,000. Hedge funds and other 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.