Brf S.A. (NYSE:BRFS) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $14.00.

Several brokerages recently commented on BRFS. BidaskClub downgraded shares of Brf from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Citigroup Inc. downgraded shares of Brf from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. Zacks Investment Research downgraded shares of Brf from a “hold” rating to a “sell” rating in a research note on Thursday, June 15th. Barclays PLC began coverage on shares of Brf in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $14.00 price objective on the stock. Finally, Bank of America Corporation reissued a “buy” rating on shares of Brf in a research report on Thursday, May 25th.

A number of hedge funds and other institutional investors have recently modified their holdings of BRFS. Legal & General Group Plc increased its position in shares of Brf by 23.2% in the second quarter. Legal & General Group Plc now owns 18,968 shares of the company’s stock worth $224,000 after buying an additional 3,578 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Brf by 28.8% in the second quarter. Bank of New York Mellon Corp now owns 881,159 shares of the company’s stock worth $10,388,000 after buying an additional 196,977 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Brf by 10.4% in the second quarter. SG Americas Securities LLC now owns 95,804 shares of the company’s stock worth $1,130,000 after buying an additional 9,020 shares during the last quarter. INCA Investments LLC increased its position in shares of Brf by 384.1% in the second quarter. INCA Investments LLC now owns 2,282,619 shares of the company’s stock worth $26,912,000 after buying an additional 1,811,119 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Brf by 147.6% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,859 shares of the company’s stock worth $339,000 after buying an additional 17,800 shares during the last quarter. 9.44% of the stock is currently owned by institutional investors and hedge funds.

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Brf (NYSE BRFS) opened at 12.38 on Friday. Brf has a 52 week low of $10.60 and a 52 week high of $18.12. The company’s market capitalization is $9.89 billion. The company’s 50-day moving average is $11.92 and its 200 day moving average is $12.81.

Brf Company Profile

BRF SA is a multinational Brazilian company that owns a diverse portfolio of products and is a producer of foods. The Company’s segments include Brazil, Latin America (LATAM), Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. These segments include sales of all distribution channels and operations subdivided in to poultry, pork and other, processed, and other sales.

Analyst Recommendations for Brf (NYSE:BRFS)

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