BRF (BRFS) Trading Up 6.1%
Shares of Brf S.A. (NYSE:BRFS) were up 6.1% during mid-day trading on Wednesday . The company traded as high as $5.59 and last traded at $5.55. Approximately 3,227,500 shares were traded during mid-day trading, an increase of 7% from the average daily volume of 3,017,283 shares. The stock had previously closed at $5.23.
A number of analysts recently issued reports on BRFS shares. ValuEngine raised BRF from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Bank of America raised BRF from a “neutral” rating to a “buy” rating in a research report on Monday, July 2nd. Goldman Sachs Group raised BRF from a “sell” rating to a “buy” rating in a research report on Sunday, September 16th. Zacks Investment Research raised BRF from a “strong sell” rating to a “hold” rating in a research report on Monday, September 3rd. Finally, Barclays raised BRF from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $7.00.
The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of -33.31 and a beta of 0.92. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.08 and a quick ratio of 0.72.
About BRF (NYSE:BRFS)
BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, sauce, mayonnaise, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine, mustard and ketchup, and sauces and mayonnaise; and soy meal and refined soy flour, as well as animal feed.
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