BRF (NYSE:BRFS) Hits New 1-Year Low at $1.90

Shares of Brf S.A. (NYSE:BRFSGet Rating) reached a new 52-week low on Thursday . The company traded as low as $1.90 and last traded at $1.94, with a volume of 70826 shares changing hands. The stock had previously closed at $2.08.

Analyst Ratings Changes

BRFS has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised BRF from an “underweight” rating to a “neutral” rating in a report on Tuesday, September 27th. StockNews.com initiated coverage on BRF in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. The Goldman Sachs Group upgraded BRF from a “sell” rating to a “neutral” rating in a research report on Tuesday. Finally, Citigroup downgraded BRF from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 25th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $2.40.

BRF Stock Performance

The company has a quick ratio of 0.70, a current ratio of 1.28 and a debt-to-equity ratio of 1.66. The company has a market cap of $1.57 billion, a P/E ratio of -9.24 and a beta of 1.74. The business has a fifty day moving average of $2.53 and a 200 day moving average of $2.78.

Hedge Funds Weigh In On BRF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC grew its stake in BRF by 1.7% in the first quarter. Hsbc Holdings PLC now owns 234,231 shares of the company’s stock worth $928,000 after purchasing an additional 3,936 shares during the period. Comerica Bank grew its stake in BRF by 42.0% in the third quarter. Comerica Bank now owns 17,810 shares of the company’s stock worth $46,000 after purchasing an additional 5,270 shares during the period. Yousif Capital Management LLC grew its stake in BRF by 42.0% in the third quarter. Yousif Capital Management LLC now owns 17,810 shares of the company’s stock worth $42,000 after purchasing an additional 5,270 shares during the period. Tower Research Capital LLC TRC grew its stake in BRF by 64.3% in the third quarter. Tower Research Capital LLC TRC now owns 16,636 shares of the company’s stock worth $38,000 after purchasing an additional 6,509 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in BRF by 10.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,613 shares of the company’s stock worth $199,000 after purchasing an additional 7,325 shares during the period. Institutional investors own 8.43% of the company’s stock.

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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