The stock of BRF SA (ADR) (NYSE:BRFS) is a huge mover today! About 1.00 million shares traded hands. BRF SA (ADR) (NYSE:BRFS) has risen 15.85% since April 5, 2016 and is uptrending. It has outperformed by 13.89% the S&P500.
The move comes after 8 months positive chart setup for the $14.22B company. It was reported on Nov, 8 by Barchart.com. We have $24.10 PT which if reached, will make NYSE:BRFS worth $5.97 billion more.
BRF SA (ADR) (NYSE:BRFS) Ratings Coverage
Out of 5 analysts covering BRF S.A. (NYSE:BRFS), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. BRF S.A. has been the topic of 7 analyst reports since September 16, 2015 according to StockzIntelligence Inc. JP Morgan upgraded the stock to “Overweight” rating in Tuesday, May 31 report. The stock has “Neutral” rating given by JP Morgan on Wednesday, September 16. The stock has “Buy” rating given by Deutsche Bank on Friday, January 29. The rating was upgraded by Citigroup on Thursday, October 8 to “Buy”. The firm has “Neutral” rating by Bank of America given on Friday, October 30. The stock has “Sell” rating given by Goldman Sachs on Monday, October 5.
According to Zacks Investment Research, “BRF Brasil Foods SA, formerly Perdigao S.A., is a Brazil-based food company focused on the production and sale of poultry, pork, beef cuts, milk, dairy products, and processed food products. The Company’s products include frozen whole and cut chickens; frozen pork cuts and beef cuts; processed food products, such as marinated frozen whole and cut chickens, roosters (sold under the Chester brand) and turkeys; specialty meats, such as sausages, ham products, bologna, frankfurters, salamis, bacon and other smoked products; frozen processed meats, such as hamburgers, steaks, breaded meat products, kibes and meatballs, and frozen processed vegetarian foods; frozen prepared entrees, such as lasagnas and pizzas, as well as other frozen foods, including vegetables, cheese bread and pies; dairy products, such as cheeses, powdered milk and yogurts; juices, soy milk and soy juices; margarine; milk, and soy meal and refined soy flour, as well as animal feed.”
More recent BRF SA (ADR) (NYSE:BRFS) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on December 22, 2009. Also Benzinga.com published the news titled: “Is Brazil’s Investment Climate Improving? BRF SA Stands To Benefit” on July 19, 2016. Benzinga.com‘s news article titled: “JPMorgan Upgrades BRF On Weak Market Expectations” with publication date: May 31, 2016 was also an interesting one.
BRFS Company Profile
BRF S.A. (BRF), incorporated on August 18, 1934, is a food firm that focuses on the production and sale of poultry, pork and processed foods. The Firm produces fresh and frozen protein foods, with a portfolio of over four thousand stock keeping units (SKUs). The Firm also sells margarine, sweet specialties, sandwiches, mayonnaise and animal feed. The Company’s operating divisions include Brazil; Latin America (LATAM); Europe; Middle East and Africa (MEA), and Asia. The Firm holds brands, such as Sadia, Perdigao, Qualy, Chester, Perdix and Paty. In the domestic market, the Company operates approximately 35 meat processing plants, three margarine processing plants, three pasta processing plants, one dessert processing plant and three soybean crushing plants.
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