BRF (NYSE:BRFS) Upgraded at StockNews.com

StockNews.com upgraded shares of BRF (NYSE:BRFS) from a buy rating to a strong-buy rating in a report issued on Wednesday morning.

Other equities analysts have also issued research reports about the company. Bank of America raised their price target on BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Barclays increased their price objective on shares of BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $10.70.

BRF Trading Up 1.0 %

BRFS opened at $4.25 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. The stock’s fifty day moving average is $4.36 and its two-hundred day moving average is $4.09. The company has a market capitalization of $4.60 billion, a P/E ratio of 9.88, a PEG ratio of 0.25 and a beta of 1.93. BRF has a 52 week low of $2.45 and a 52 week high of $4.76.

BRF Increases Dividend

The company also recently declared a — dividend, which will be paid on Monday, December 16th. Stockholders of record on Wednesday, November 27th will be issued a $0.1001 dividend. This is a boost from BRF’s previous — dividend of $0.03. This represents a dividend yield of 1.8%. The ex-dividend date is Wednesday, November 27th. BRF’s dividend payout ratio (DPR) is currently 38.37%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BRFS. TD Private Client Wealth LLC purchased a new position in BRF in the third quarter worth $27,000. Atomi Financial Group Inc. acquired a new stake in shares of BRF in the 2nd quarter worth $48,000. Blue Trust Inc. purchased a new position in BRF during the 2nd quarter worth $51,000. SPX Gestao de Recursos Ltda acquired a new position in BRF during the 2nd quarter valued at about $58,000. Finally, Bayesian Capital Management LP purchased a new stake in BRF in the first quarter valued at about $48,000. Institutional investors own 4.76% of the company’s stock.

About BRF

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.