Notable Mover: Could BRF SA (ADR) Change Direction After Today’s Huge Increase?

Notable Mover: Could BRF SA (ADR) Change Direction After Today's Huge Increase?

The stock of BRF SA (ADR) (NYSE:BRFS) is a huge mover today! About 1.59 million shares traded hands. BRF SA (ADR) (NYSE:BRFS) has risen 33.59% since February 29, 2016 and is uptrending. It has outperformed by 21.38% the S&P500.
The move comes after 6 months positive chart setup for the $14.45B company. It was reported on Oct, 4 by Barchart.com. We have $28.06 PT which if reached, will make NYSE:BRFS worth $8.96 billion more.

Analysts await BRF SA (ADR) (NYSE:BRFS) to report earnings on November, 4.

BRF SA (ADR) (NYSE:BRFS) Ratings Coverage

Out of 5 analysts covering BRF S.A. (NYSE:BRFS), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. BRF S.A. has been the topic of 7 analyst reports since September 16, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Citigroup given on Thursday, October 8. JP Morgan upgraded BRF SA (ADR) (NYSE:BRFS) rating on Tuesday, May 31. JP Morgan has “Overweight” rating and $14 price target. The stock of BRF SA (ADR) (NYSE:BRFS) has “Neutral” rating given on Wednesday, September 16 by JP Morgan. The firm earned “Sell” rating on Monday, October 5 by Goldman Sachs. The rating was downgraded by Bank of America to “Neutral” on Friday, October 30. On Friday, January 29 the stock rating was upgraded by Deutsche Bank to “Buy”.

According to Zacks Investment Research, “BRF Brasil Foods SA, formerly Perdigao S.A., is a Brazil-based food company focused on the production and sale of poultry, pork, beef cuts, milk, dairy products, and processed food products. The Company’s products include frozen whole and cut chickens; frozen pork cuts and beef cuts; processed food products, such as marinated frozen whole and cut chickens, roosters (sold under the Chester brand) and turkeys; specialty meats, such as sausages, ham products, bologna, frankfurters, salamis, bacon and other smoked products; frozen processed meats, such as hamburgers, steaks, breaded meat products, kibes and meatballs, and frozen processed vegetarian foods; frozen prepared entrees, such as lasagnas and pizzas, as well as other frozen foods, including vegetables, cheese bread and pies; dairy products, such as cheeses, powdered milk and yogurts; juices, soy milk and soy juices; margarine; milk, and soy meal and refined soy flour, as well as animal feed.”

More news for BRF SA (ADR) (NYSE:BRFS) were recently published by: Benzinga.com, which released: “Is Brazil’s Investment Climate Improving? BRF SA Stands To Benefit” on July 19, 2016. Benzinga.com‘s article titled: “JPMorgan Upgrades BRF On Weak Market Expectations” and published on May 31, 2016 is yet another important article.

BRFS Company Profile

BRF S.A. (BRF), incorporated on August 18, 1934, is a food firm that focuses on the production and sale of poultry, pork and processed foods. The Firm produces fresh and frozen protein foods, with a portfolio of over four thousand stock keeping units (SKUs). The Firm also sells margarine, sweet specialties, sandwiches, mayonnaise and animal feed. The Company’s operating divisions include Brazil; Latin America (LATAM); Europe; Middle East and Africa (MEA), and Asia. The Firm holds brands, such as Sadia, Perdigao, Qualy, Chester, Perdix and Paty. In the domestic market, the Company operates approximately 35 meat processing plants, three margarine processing plants, three pasta processing plants, one dessert processing plant and three soybean crushing plants.

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