Analysis: BRF S.A (NYSE:BRFS) Stock Target Increased Today
In analysts report released by JP Morgan on Wednesday morning, the firm, BRF S.A (NYSE:BRFS), had their target price lowered to $15.00. Analusts currently have a solid Neutral rating on the stock.
From a total of 6 analysts covering BRF S.A. (NYSE:BRFS) stock, 3 rate it a ”Buy”, 2 a “Sell”, and 1 a ”Hold”. This means that 50% of the ratings are positive. BRF S.A. was the topic of 4 analyst reports since September 16, 2015 according to the firm StockzIntelligence Inc. Bank of America downgraded shares on October 30 to “Neutral” rating. Goldman Sachs downgraded BRFS stock in a recent report from October 5 to “Sell” rating.
Approximately 175,628 shares of stock traded hands. BRF SA (ADR) (NYSE:BRFS) has declined 34.33% since April 29, 2015 and is downtrending. It has underperformed by 34.13% the S&P500.
BRF SA is a Brazil-based food company. The company has a market cap of $12.45 billion. The Firm produces fresh and frozen protein foods, margarine, sweet specialties, sandwiches, mayonnaise and animal feed and markets these products under Sadia, Perdigao and Qualy brands. It has 19.22 P/E ratio.
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.” Get a free copy of the Zacks research report on BRF SA (ADR) (BRFS).