Gafisa SA (NYSE:GFA) has earned an average broker rating score of 4.00 (Sell) from the one brokers that provide coverage for the stock, Zacks Investment Research reports.
Brokers have set a 1-year consensus price target of $10.50 for the company, according to Zacks. Zacks has also assigned Gafisa an industry rank of 101 out of 255 based on the ratings given to related companies.
Several equities analysts recently weighed in on the company. ValuEngine downgraded Gafisa from a “hold” rating to a “sell” rating in a research report on Thursday, May 31st. Credit Suisse Group assumed coverage on Gafisa in a research report on Monday, March 12th. They set an “underperform” rating on the stock.
NYSE GFA opened at $6.22 on Wednesday. Gafisa has a twelve month low of $5.53 and a twelve month high of $12.99. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 0.69.
Several institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in shares of Gafisa in the 1st quarter worth about $542,000. Two Sigma Investments LP purchased a new position in shares of Gafisa in the 4th quarter worth about $519,000. Millennium Management LLC purchased a new position in shares of Gafisa in the 1st quarter worth about $119,000. Two Sigma Advisers LP purchased a new position in shares of Gafisa in the 4th quarter worth about $197,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Gafisa in the 4th quarter worth about $183,000. Institutional investors own 5.39% of the company’s stock.
Gafisa SA operates as a homebuilder under the Gafisa brand in Brazil. The company develops residential units, such as luxury buildings with swimming pools, gyms, visitor parking, and other amenities for middle and upper income customers; and entry-level buildings and house units. Gafisa SA also develops land subdivisions for sale; and provides construction, technical, and real estate management services to third parties.
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