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

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

Separately, StockNews.com raised 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $10.70.

BRF Stock Down 1.2 %

NYSE BRFS opened at $3.68 on Wednesday. The business has a fifty day moving average price of $4.18 and a two-hundred day moving average price of $4.24. The stock has a market capitalization of $3.98 billion, a PE ratio of 8.55, a PEG ratio of 0.21 and a beta of 1.88. BRF has a fifty-two week low of $2.67 and a fifty-two week 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.

Institutional Investors Weigh In On BRF

Several hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP raised its position in 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. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of BRF by 660.0% in the third 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 during the period. Cubist Systematic Strategies LLC bought a new position in shares of BRF during the second quarter worth about $927,000. Hsbc Holdings PLC lifted its stake in shares of BRF by 886.7% in the second quarter. Hsbc Holdings PLC now owns 230,636 shares of the company’s stock worth $939,000 after acquiring an additional 207,262 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in BRF in the third quarter valued at approximately $826,000. 4.76% of the stock is currently owned by institutional investors and hedge funds.

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.