Does BRF S.A. (BRFS) Have Any Gas After Forming This Double Bottom?

September 16, 2018 - By Ash Maslow

BRF S.A. (NYSE:BRFS) Logo

The chart of BRF S.A. (BRFS) shows a double bottom with $4.67 target or 6.00 % below today’s $4.97 share price. The 8 months chart pattern indicates high risk for the $4.01B company. It was reported on Sep, 16 by Finviz.com. If the $4.67 price target is reached, the company will be worth $240.42M less. Double bottoms are rare but powerful chart patterns.

It closed at $4.97 lastly. It is down 64.14% since September 16, 2017 and is downtrending. It has underperformed by 79.76% the S&P500.

BRF S.A. (NYSE:BRFS) Ratings Coverage

Among 2 analysts covering BRF S.A. (NYSE:BRFS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. BRF S.A. had 3 analyst reports since March 19, 2018 according to SRatingsIntel. The rating was upgraded by UBS on Monday, March 19 to “Neutral”. As per Monday, July 9, the company rating was upgraded by Barclays Capital.

BRF S.A. focuses on raising, producing, and slaughtering poultry and pork in Brazil, Latin America, Europe, the Middle East, Africa, and Asia. The company has market cap of $4.01 billion. The firm also processes, produces and sells fresh meat, processed foods, pasta, sauce, mayonnaise, frozen vegetables and soybean by-products. It currently has negative earnings. The Company’s product portfolio comprise whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine, sauces and mayonnaise; and soy meal and refined soy flour, and animal feed.

BRF S.A. (NYSE:BRFS) Ratings Chart

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