BRF S.A. (BRFS) has risen sharply, recording gains of 6.01% in the past 4 weeks. However, the stock has corrected -0.95% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.6% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
BRF S.A. is up 30.08% in the last 3-month period. Year-to-Date the stock performance stands at 23.19%. The stock has recorded a 20-day Moving Average of 2.18% and the 50-Day Moving Average is 11.85%.
BRF S.A. (NYSE:BRFS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.55 and $16.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.77, notching a gain of 0.48% for the day. The total traded volume was 1,384,555 . The stock had closed at $16.69 on the previous day.
Also, In the latest statement by the brokerage house, JP Morgan upgrades its outlook on BRF S.A. (NYSE:BRFS). The current rating of the shares is Overweight, according to the research report released by the firm. Previously, the company had a rating of Neutral. The brokerage firm maintains the price target at $14 per share. The rating by the firm was issued on May 31, 2016.
BRF SA (BRF) is a Brazil-based food company. The Company produces fresh and frozen protein foods, margarine, sweet specialties, sandwiches, mayonnaise and animal feed and markets these products under Sadia, Perdigao and Qualy brands. The Company operates in three segments: domestic market (Brazil), which includes the Companys sales executed in Brazil, except those relating to products in the food service channel; foreign (international) markets (that are divided into four regions: Middle East and Africa; Europe and Eurasia; Asia and the Americas), which includes the Companys sales for exports and those generated outside Brazil, except those relating to products in the food service channel, and food services, which includes the Companys sales of all products in its portfolio, generated in Brazil and foreign market, to the customers for food service category that includes bars, restaurants and industrial kitchens.