Brokerage Firm Rating Update on Gafisa SA (GFA)

Gafisa SA (GFA) : The consensus on Gafisa SA (GFA) based on 1 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Company shares have received an average consensus rating of Hold for the current week

Gafisa SA (NYSE:GFA): The stock opened at $1.4633 and touched an intraday high of $1.49 on Wednesday. During the day, the stock corrected to an intraday low of $1.46, however, the bulls stepped in and pushed the price higher to close in the green at $1.48 with a gain of 0.68% for the day. The total traded volume for the day was 34,747. The stock had closed at $1.47 in the previous trading session.

Gafisa S.A. (Gafisa) is a diversified national homebuilder serving the Brazilian market. The Company is engaged in the housing business under the Gafisa brand. The Companys brands include Tenda, which serves the entry-level housing segment, and also holds 30% stake in Alphaville, a company engaged in the residential lots segment in Brazil. The Companys segments are Gafisa and Tenda. The Gafisa Segment focuses on residential developments within the upper, upper-middle and middle-income segments. The Gafisa Segments landbank is primarily located at Sao Paulo and Rio de Janeiro regions in Brazil. The Tenda segment focuses on residential developments, classified within the Range II of Minha Casa, Minha Vida Program. The Tenda segments landbank primarily include properties located at Sao Paulo, Rio de Janeiro, Bahia & Pernambuco and Minas Gerais regions.

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