Brokerage Firm Rating Update on BRF S.A. (BRFS)

BRF S.A. (BRFS) : The consensus on BRF S.A. (BRFS) based on 1 analyst recommendation on the company stock is 4, which is interpreted as a Sell recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on BRF S.A. (BRFS).


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, JP Morgan, upgrades their rating on the shares of BRF S.A. (NYSE:BRFS). JP Morgan has a Overweight rating on the shares. Previously, the analysts had a Neutral rating on the shares. As per the latest report, the brokerage house maintains the price target to $14 per share. The rating by the firm was issued on May 31, 2016.

BRF S.A. (NYSE:BRFS): stock was range-bound between the intraday low of $17.115 and the intraday high of $17.32 after having opened at $17.25 on Wednesdays session. The stock finally closed in the red at $17.25, a loss of -0.06%. The stock remained in the red for the whole trading day. The total traded volume was 1,321,227 shares. The stock failed to cross $17.32 in Wednesdays trading. The stocks closing price on Thursday was $17.28.

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.

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