BRF (NYSE:BRFS) Raised 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 report issued on Wednesday morning.

A number of other brokerages also recently issued reports on BRFS. Bank of America increased their price target on shares of BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Barclays raised their price target on shares of BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Two investment 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.70.

BRF Stock Performance

NYSE:BRFS opened at $4.34 on Wednesday. The business’s fifty day moving average is $4.36 and its 200 day moving average is $4.10. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 0.22 and a beta of 1.93. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45. BRF has a 52-week low of $2.45 and a 52-week high of $4.76.

BRF Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, December 16th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.1001 per share. This is a positive change from BRF’s previous — dividend of $0.03. The ex-dividend date is Wednesday, November 27th. This represents a dividend yield of 1.8%.

Institutional Investors Weigh In On BRF

Institutional investors and hedge funds have recently bought and sold shares of the stock. TD Private Client Wealth LLC purchased a new position in BRF in the 3rd quarter worth approximately $27,000. Public Employees Retirement System of Ohio bought a new stake in shares of BRF during the 3rd quarter worth $826,000. XTX Topco Ltd lifted its holdings in shares of BRF by 142.6% during the 3rd quarter. XTX Topco Ltd now owns 113,266 shares of the company’s stock worth $495,000 after acquiring an additional 66,583 shares during the last quarter. State Street Corp grew its position in BRF by 2.3% in the third quarter. State Street Corp now owns 1,006,059 shares of the company’s stock worth $4,396,000 after acquiring an additional 22,608 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in BRF in the third quarter valued at $186,000. 4.76% of the stock is owned by hedge funds and other institutional investors.

About BRF

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.