BRF Brasil Foods (BRFS) Upgraded by Morgan Stanley (MS) to "Overweight"
Thursday, July 14, 2021 1:31 PM

Equities research analysts at Morgan Stanley (NYSE: MS) upgraded shares of BRF Brasil Foods (NASDAQ: BRFS) from an "equal weight" rating to an "overweight" rating in a research note to investors on Thursday.

Separately, analysts at Raymond James (NYSE: RJF) upgraded shares of BRF Brasil Foods from an "underperform" rating to a "market perform" rating in a research note to investors on Thursday.

Shares of BRF Brasil Foods traded up 2.92% during mid-day trading on Friday, hitting $19.04. BRF Brasil Foods has a 52 week low of $12.75 and a 52 week high of $20.79. The stock's 50-day moving average is $17.09 and its 200-day moving average is $17.85. The company has a market cap of $16.598 billion and a price-to-earnings ratio of 22.67.

BRF - Brasil Foods S.A. (BRF) is a food company with a focus on the production and sale of poultry, pork, beef cuts, milk, dairy products and processed food products. The Company produces 3000 stock-keeping units (SKUs), which it distributes to customers in Brazil and in more than 140 other countries. The products of the Company include frozen whole and cut chickens, frozen pork cuts and beef cuts, processed food products, milk, and soy meal and refined soy flour, as well as animal feed. During the year ended December 31, 2009, the Company generated 29.8% of the net sales from poultry, 8.8% from pork and beef, 13.6% from milk and dairy products, 44.7% from processed foods, and 3.1% from other products. The Company’s subsidiaries include Crossban Holdings GMBH, Perdigao International Ltd., Perdigao Europe Ltd., Plusfood Group BV, HFF Participacoes S.A. and Sadia S.A. On February 21, 2008, BRF completed the acquisition of Eleva Alimentos S.A. (Eleva).

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