BRF (NYSE:BRFS) Stock Price Down 5.6%

Brf S.A. (NYSE:BRFSGet Rating)’s share price traded down 5.6% during trading on Tuesday . The stock traded as low as $1.93 and last traded at $1.93. 448,776 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 4,381,473 shares. The stock had previously closed at $2.04.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised BRF from an “underweight” rating to a “neutral” rating in a research note on Tuesday, September 27th. The Goldman Sachs Group raised BRF from a “sell” rating to a “neutral” rating in a research note on Tuesday, November 15th. StockNews.com began coverage on BRF in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Citigroup downgraded BRF from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 25th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $2.40.

BRF Price Performance

The company has a current ratio of 1.28, a quick ratio of 0.69 and a debt-to-equity ratio of 1.66. The stock has a 50-day moving average of $2.47 and a 200 day moving average of $2.76.

Institutional Trading of BRF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Banque Pictet & Cie SA bought a new position in BRF during the first quarter valued at $596,000. Polunin Capital Partners Ltd bought a new position in BRF during the first quarter valued at $19,709,000. Banco Santander S.A. bought a new position in BRF during the first quarter valued at $414,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in BRF by 54.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,288 shares of the company’s stock valued at $279,000 after purchasing an additional 24,683 shares during the period. Finally, Van ECK Associates Corp bought a new position in BRF during the first quarter valued at $268,000. 8.43% of the stock is owned by hedge funds and other institutional investors.

BRF Company Profile

(Get Rating)

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and beef; processed food products, such as marinated, frozen, whole and cut chicken, roosters, turkey meat, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products, chicken sausages, chicken hot dogs, and chicken bologna; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs.

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