BRF S.A. (BRFS) : Traders are bullish on BRF S.A. (BRFS) as it has outperformed the S&P 500 by a wide margin of 10.76% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.51%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.44% in the last 1 week, and is up 14.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 10.12% and the 50-Day Moving Average is 20.21%. BRF S.A. is up 18.83% in the last 3-month period. Year-to-Date the stock performance stands at 22.53%.
BRF S.A. (NYSE:BRFS): stock turned positive on Friday. Though the stock opened at $16.18, the bulls momentum made the stock top out at $16.76 level for the day. The stock recorded a low of $16.13 and closed the trading day at $16.68, in the green by 8.10%. The total traded volume for the day was 2,653,086. The stock had closed at $15.43 in the previous days trading.
Also, Major Brokerage house, JP Morgan upgrades its ratings on BRF S.A. (NYSE:BRFS). In the latest research report, JP Morgan maintains the target price to $14 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 31, 2016.
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.