Equities researchers at Credit Suisse Group initiated coverage on shares of Gafisa (NYSE:GFA) in a report issued on Monday. The brokerage set an “underperform” rating on the construction company’s stock.
Several other equities analysts have also commented on the company. Santander lowered Gafisa from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. ValuEngine lowered Gafisa from a “hold” rating to a “sell” rating in a report on Monday, February 5th. Finally, JPMorgan Chase & Co. lowered Gafisa from a “neutral” rating to an “underweight” rating in a report on Monday, November 27th.
Gafisa (GFA) traded down $0.07 during trading on Monday, hitting $7.24. The stock had a trading volume of 93,474 shares, compared to its average volume of 53,958. Gafisa has a 1-year low of $5.92 and a 1-year high of $21.84. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $102.49, a price-to-earnings ratio of -0.24 and a beta of 1.83.
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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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