BRF (NYSE:BRFS) Upgraded at Citigroup

BRF (NYSE:BRFS - Get Free Report) was upgraded by Citigroup from a "hold" rating to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports.

Separately, StockNews.com raised BRF from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $10.70.

BRF Price Performance

BRF stock traded up $0.03 during mid-day trading on Wednesday, hitting $3.70. 2,316,856 shares of the company were exchanged, compared to its average volume of 2,117,144. 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 business has a fifty day moving average of $4.18 and a 200 day moving average of $4.24. BRF has a 1-year low of $2.67 and a 1-year high of $4.87. The company has a market capitalization of $4.00 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 0.21 and a beta of 1.88.

Institutional Investors Weigh In On BRF

A number of hedge funds have recently modified their holdings of BRFS. Hsbc Holdings PLC raised its position in BRF by 886.7% in the 2nd quarter. Hsbc Holdings PLC now owns 230,636 shares of the company's stock valued at $939,000 after buying an additional 207,262 shares during the last quarter. Marshall Wace LLP raised its position in BRF by 534.6% in the 2nd quarter. Marshall Wace LLP now owns 4,623,075 shares of the company's stock valued at $18,816,000 after buying an additional 3,894,533 shares during the last quarter. Natixis Advisors LLC raised its position in BRF by 97.9% in the 3rd quarter. Natixis Advisors LLC now owns 241,221 shares of the company's stock valued at $1,054,000 after buying an additional 119,346 shares during the last quarter. Signaturefd LLC raised its position in BRF by 13.0% in the 3rd quarter. Signaturefd LLC now owns 31,495 shares of the company's stock valued at $138,000 after buying an additional 3,618 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in BRF by 660.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company's stock valued at $5,281,000 after buying an additional 1,049,373 shares during the last quarter. Institutional investors and hedge funds 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.