Gafisa (GFA) Downgraded by Santander to Sell
Gafisa (NYSE:GFA) was downgraded by Santander from a “hold” rating to a “sell” rating in a report issued on Thursday, The Fly reports.
Other equities research analysts have also issued research reports about the company. ValuEngine lowered Gafisa from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. JPMorgan Chase & Co. lowered Gafisa from a “neutral” rating to an “underweight” rating in a research note on Monday, November 27th.
Shares of Gafisa (NYSE GFA) traded down $0.23 during mid-day trading on Thursday, reaching $9.51. The company’s stock had a trading volume of 32,210 shares, compared to its average volume of 62,121. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.09 and a current ratio of 2.09. Gafisa has a 52-week low of $5.92 and a 52-week high of $21.84. The company has a market capitalization of $140.48, a price-to-earnings ratio of -0.31 and a beta of 1.78.
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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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