BRF S.A. (BRFS) : 1 analysts are covering BRF S.A. (BRFS) and their average rating on the stock is 4, which is read as a Sell. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation.
BRF S.A. (NYSE:BRFS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.39 and $14.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.55, notching a gain of 0.62% for the day. The total traded volume was 2,011,531 . The stock had closed at $14.46 on the previous day.
Also, Equity analysts at the Brokerage firm JP Morgan upgrades its rating on BRF S.A. (NYSE:BRFS). The rating major has initiated the coverage with overweight rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at JP Morgan maintains a current price target of $14 per share. The rating by the firm was issued on May 31, 2016. The company shares have dropped -32.46% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $22.22 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $13.30 and the 200 Day Moving Average price is recorded at $13.43.
BRF SA (BRF) is a Brazil-based food company. The Company produces fresh and frozen protein foods, margarine, sweet specialties, sandwiches, mayonnaise and animal feed and markets these products under Sadia, Perdigao and Qualy brands. The Company operates in three segments: domestic market (Brazil), which includes the Companys sales executed in Brazil, except those relating to products in the food service channel; foreign (international) markets (that are divided into four regions: Middle East and Africa; Europe and Eurasia; Asia and the Americas), which includes the Companys sales for exports and those generated outside Brazil, except those relating to products in the food service channel, and food services, which includes the Companys sales of all products in its portfolio, generated in Brazil and foreign market, to the customers for food service category that includes bars, restaurants and industrial kitchens.