Gafisa (GFA) Receives Average Recommendation of “Sell” from Analysts

Shares of Gafisa (NYSE:GFA) have received an average broker rating score of 4.00 (Sell) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a sell rating.

Analysts have set a twelve-month consensus target price of $10.50 for the company, according to Zacks. Zacks has also assigned Gafisa an industry rank of 94 out of 265 based on the ratings given to its competitors.

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Several research firms have issued reports on GFA. Credit Suisse Group began coverage on shares of Gafisa in a report on Monday, March 12th. They set an “underperform” rating on the stock. Santander lowered Gafisa from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. Finally, ValuEngine lowered Gafisa from a “hold” rating to a “sell” rating in a research report on Monday, February 5th.

GFA traded down $0.29 during midday trading on Tuesday, hitting $7.26. 33,262 shares of the company traded hands, compared to its average volume of 29,766. The company has a quick ratio of 2.09, a current ratio of 1.81 and a debt-to-equity ratio of 0.71. Gafisa has a 52-week low of $5.53 and a 52-week high of $17.16.

Several hedge funds have recently bought and sold shares of GFA. Renaissance Technologies LLC purchased a new stake in Gafisa in the 4th quarter valued at about $183,000. Two Sigma Advisers LP acquired a new position in Gafisa in the 4th quarter valued at $197,000. Citadel Advisors LLC acquired a new position in Gafisa in the 3rd quarter valued at $176,000. Finally, Two Sigma Investments LP acquired a new position in Gafisa in the 4th quarter valued at $519,000. 5.91% of the stock is owned by institutional investors.

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Gafisa Company Profile

Gafisa SA operates as a homebuilder in Brazil. The company develops residential units, such as luxury buildings with swimming pools, gyms, visitor parking, and other amenities for upper-income customers; buildings for middle-income customers; and entry-level buildings and house units for lower-income customers.

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