Worth Watching: Could BRF SA (ADR) Gain Strenght? The Stock Reaches 1 Year Low

Worth Watching: Could BRF SA (ADR) Gain Strenght? The Stock Reaches 1 Year Low

The stock of BRF SA (ADR) (NYSE:BRFS) is a huge mover today! About 630,107 shares traded hands. BRF SA (ADR) (NYSE:BRFS) has risen 18.63% since March 11, 2016 and is uptrending. It has outperformed by 13.18% the S&P500.
The move comes after 9 months negative chart setup for the $13.68 billion company. It was reported on Oct, 14 by Barchart.com. We have $16.41 PT which if reached, will make NYSE:BRFS worth $684.00 million less.

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 rating was downgraded by Goldman Sachs on Monday, October 5 to “Sell”. The firm earned “Buy” rating on Friday, January 29 by Deutsche Bank. The rating was downgraded by JP Morgan to “Neutral” on Wednesday, September 16. As per Thursday, October 8, the company rating was upgraded by Citigroup. Bank of America downgraded the shares of BRFS in a report on Friday, October 30 to “Neutral” rating. The stock of BRF SA (ADR) (NYSE:BRFS) earned “Overweight” rating by JP Morgan on Tuesday, May 31.

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.”

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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