BRF (NYSE:BRFS) Upgraded to Strong-Buy at Citigroup

BRF (NYSE:BRFS) was upgraded by research analysts at Citigroup from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Separately, StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BRF presently has a consensus rating of “Buy” and an average target price of $10.70.

BRF Trading Down 1.2 %

Shares of BRFS stock opened at $3.68 on Wednesday. The company has a 50 day moving average of $4.18 and a 200-day moving average of $4.24. 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 12-month low of $2.67 and a 12-month high of $4.87. The firm has a market cap of $3.98 billion, a P/E ratio of 8.55, a PEG ratio of 0.21 and a beta of 1.88.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. TD Private Client Wealth LLC bought a new position in BRF in the 3rd quarter valued at $27,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of BRF during the 4th quarter worth $43,000. PFG Investments LLC bought a new stake in shares of BRF during the 4th quarter worth $51,000. SPX Gestao de Recursos Ltda bought a new stake in shares of BRF during the 2nd quarter worth $58,000. Finally, US Bancorp DE lifted its stake in BRF by 127.1% in the third quarter. US Bancorp DE now owns 15,871 shares of the company’s stock worth $69,000 after purchasing an additional 8,882 shares during the last quarter. 4.76% of the stock is owned by institutional investors.

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.