Is Buying Brf Brasil Foods SA (NYSE:BRFS) Here Good Idea?

July 28, 2017 - By reb123z

 Is Buying Brf Brasil Foods SA (NYSE:BRFS) Here Good Idea?

The stock of Brf Brasil Foods SA (NYSE:BRFS) registered a decrease of 11.66% in short interest. BRFS’s total short interest was 5.78 million shares in July as published by FINRA. Its down 11.66% from 6.54 million shares, reported previously. With 1.78M shares average volume, it will take short sellers 3 days to cover their BRFS’s short positions. The short interest to Brf Brasil Foods SA’s float is 0.92%.

The stock decreased 0.04% or $0.01 on July 27, reaching $11.73. About shares traded. BRF SA (ADR) (NYSE:BRFS) has declined 2.88% since July 28, 2016 and is downtrending. It has underperformed by 19.58% the S&P500.

BRF S.A. is a multinational Brazilian firm that owns a diverse portfolio of products and is a producer of foods. The company has market cap of $9.60 billion. The Company’s divisions include Brazil, Latin America , Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. It currently has negative earnings. These divisions include sales of all distribution channels and activities subdivided in to poultry, pork and other, processed, and other sales.

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

Among 6 analysts covering BRF S.A. (NYSE:BRFS), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. BRF S.A. had 10 analyst reports since September 16, 2015 according to SRatingsIntel. The rating was maintained by Bank of America with “Buy” on Friday, May 26. The rating was downgraded by JP Morgan to “Neutral” on Wednesday, September 16. The rating was upgraded by Citigroup to “Buy” on Thursday, October 8. The firm earned “Neutral” rating on Monday, January 9 by JP Morgan. JP Morgan upgraded the stock to “Overweight” rating in Tuesday, May 31 report. On Friday, January 29 the stock rating was upgraded by Deutsche Bank to “Buy”. Goldman Sachs downgraded BRF SA (ADR) (NYSE:BRFS) on Monday, October 5 to “Sell” rating. Bank of America downgraded the shares of BRFS in report on Friday, October 30 to “Neutral” rating.

More notable recent BRF SA (ADR) (NYSE:BRFS) news were published by: Investorplace.com which released: “Why BRF SA (ADR) (BRFS), Snap Inc (SNAP) and Amgen, Inc. (AMGN) Are 3 of Today …” on March 17, 2017, also Benzinga.com with their article: “Is Brazil’s Investment Climate Improving? BRF SA Stands To Benefit” published on July 19, 2016, Marketwatch.com published: “11.80” on December 22, 2009. More interesting news about BRF SA (ADR) (NYSE:BRFS) were released by: Seekingalpha.com and their article: “2 Rotten Meat And Deforestation Scandals Impact JBS’s And BRF’s USD 2.5 …” published on April 03, 2017 as well as Benzinga.com‘s news article titled: “JPMorgan Upgrades BRF On Weak Market Expectations” with publication date: May 31, 2016.

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