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

September 17, 2017 - By Kurt Siggers

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

The stock of Brf Brasil Foods SA (NYSE:BRFS) registered an increase of 12.52% in short interest. BRFS’s total short interest was 6.73 million shares in September as published by FINRA. Its up 12.52% from 5.98M shares, reported previously. With 2.05M 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 1.08%.

The stock increased 1.79% or $0.26 on September 15, reaching $14.79. About 1.86 million shares traded. BRF SA (ADR) (NYSE:BRFS) has declined 2.88% since September 17, 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 $12.12 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), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. BRF S.A. had 11 analyst reports since September 16, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Tuesday, May 31 by JP Morgan. The company was downgraded on Wednesday, September 16 by JP Morgan. The stock of BRF SA (ADR) (NYSE:BRFS) earned “Buy” rating by Deutsche Bank on Friday, January 29. Bank of America downgraded the shares of BRFS in report on Friday, October 30 to “Neutral” rating. Bank of America maintained the shares of BRFS in report on Friday, May 26 with “Buy” rating. Citigroup upgraded the stock to “Buy” rating in Thursday, October 8 report. The firm earned “Sell” rating on Monday, October 5 by Goldman Sachs. The firm has “Overweight” rating by JP Morgan given on Thursday, September 14. The firm earned “Neutral” rating on Monday, January 9 by JP Morgan.

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: “Barclays On Meat Processors: Bullish Tyson, Hormel; Neutral On Sanderson, BRF” published on June 06, 2017, Marketwatch.com published: “14.79” on December 22, 2009. More interesting news about BRF SA (ADR) (NYSE:BRFS) were released by: Benzinga.com and their article: “Is Brazil’s Investment Climate Improving? BRF SA Stands To Benefit” published on July 19, 2016 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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