Zacks: Gafisa SA (GFA) Given Consensus Recommendation of “Sell” by Brokerages

Gafisa SA (NYSE:GFA) has been assigned a consensus broker rating score of 4.00 (Sell) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a sell recommendation. Gafisa’s rating score has declined by 33.3% from 90 days ago as a result of a number of analysts’ ratings changes.

Analysts have set a twelve-month consensus price target of $10.50 for the company, according to Zacks. Zacks has also given Gafisa an industry rank of 19 out of 265 based on the ratings given to related companies.

Separately, JPMorgan Chase & Co. lowered Gafisa from a “neutral” rating to an “underweight” rating in a research report on Monday, November 27th.

Gafisa (NYSE GFA) opened at $11.81 on Friday. The firm has a market capitalization of $165.58, a PE ratio of -0.39 and a beta of 1.93. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.51. Gafisa has a 12-month low of $5.92 and a 12-month high of $22.23.

Gafisa (NYSE:GFA) last released its quarterly earnings results on Thursday, November 9th. The construction company reported ($2.27) EPS for the quarter. Gafisa had a negative return on equity of 34.52% and a negative net margin of 195.79%. sell-side analysts forecast that Gafisa will post 7.2 EPS for the current year.

The business also recently declared a … dividend, which will be paid on Thursday, February 1st. Investors of record on Monday, January 29th will be given a $0.6079 dividend. The ex-dividend date of this dividend is Friday, January 26th. This represents a yield of 0.0521828326180257%.

An institutional investor recently bought a new position in Gafisa stock. Citadel Advisors LLC purchased a new position in Gafisa SA (NYSE:GFA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 20,475 shares of the construction company’s stock, valued at approximately $176,000. Citadel Advisors LLC owned approximately 0.15% of Gafisa at the end of the most recent quarter. 3.83% of the stock is owned by hedge funds and other institutional investors.

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Gafisa Company Profile

Gafisa SA is a diversified national homebuilder. The Company’s segments are Gafisa (for ventures targeted at high and medium income) and Tenda (for ventures targeted at low income). The Company’s brands include Tenda, which serves the affordable entry-level housing segments, Gafisa, which offers a range of residential options to the mid to higher income segments and Alphaville (equity method investment), which focuses on the identification, development and sale of residential communities.

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