BRF (NYSE:BRFS – Free Report) had its price target hoisted by Bank of America from $22.00 to $24.00 in a research report sent to investors on Thursday, Benzinga reports. The firm currently has a neutral rating on the stock.
A number of other brokerages have also weighed in on BRFS. StockNews.com lowered BRF from a strong-buy rating to a buy rating in a research note on Tuesday. Barclays raised their price target on BRF from $4.00 to $4.50 and gave the stock an overweight rating in a research note on Friday, May 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, BRF currently has a consensus rating of Moderate Buy and an average target price of $10.70.
Get Our Latest Analysis on BRFS
BRF Trading Up 1.6 %
Institutional Trading of BRF
A number of institutional investors have recently modified their holdings of BRFS. Intelligence Driven Advisers LLC acquired a new position in BRF during the fourth quarter valued at approximately $30,000. Vanguard Personalized Indexing Management LLC purchased a new stake in BRF during the 4th quarter worth $41,000. Bayesian Capital Management LP acquired a new stake in BRF in the 1st quarter valued at $48,000. Atomi Financial Group Inc. purchased a new position in BRF in the second quarter valued at about $48,000. Finally, Blue Trust Inc. acquired a new position in shares of BRF during the second quarter worth about $51,000. 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.
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