Business

A 12.5% ​​drop in the share opens a buying window for investors? – Money Times

PETZ PETZ3
Petz’s fall today opens up a buying opportunity for investors, says analyst at Ativa Investimentos (Image: disclosure)

The actions of petz (PETZ3) had the Ibovespa’s biggest drop (IBOV) this Friday (6). The shares tumbled 12.52% and ended the trading session at R$ 13.27.

For Lívia Rodrigues, Research Analyst at Activate Investmentstoday’s drop comes after the company released its first quarter results the day before.

The company reported adjusted net income of R$ 21.1 million in the first quarter of 2022, an increase of 57.7% compared to the same period in 2021. According to Rodrigues, the adjusted Ebitda of R$ 52 million came below expectations of the market.

“The number was much lower than expected in terms of profitability, but even so, it does not justify today’s fall, so I continue with a positive vision for the company”, he explains.

Therefore, she states that she recommends buying the asset in the long term with a target price of BRL 24.90. “The company still has some synergies to add with zeedog, in addition to having a resilient demand and great potential for growth”, he comments.

However, the analyst calls for great care for the investor who wants to enter the asset, as factors such as the high of grains can disrupt the performance of the role, given that animal feed needs grains for manufacturing.

“In the short term, anything can happen, so our buy recommendation is for the long term”, he concludes.

While Petz collapses, Lojas Renner jumps

The papers of Renner stores (LRNE3) had the second biggest rise of the Ibovespa. The shares rose 5.99% and closed the day at R$24.24.

According to Rodrigues, the rise occurs after the company released the result the day before and reported a net profit of R$ 191.6 million in the first quarter of 2022, a reversal of last year’s loss.

For Lívia, the result was very positive, even more so in relation to the gross margin, which was two percentage points above expectations.

“Shares are discounted, so I recommend buying for the long term with a target price of R$ 37.30”, concludes the specialist.

See the biggest hikes of the day:

Company ticker Variation
espadrilles ALPA4 +7.44%
Renner stores LREN3 +5.99%
Petrobras PETR3 +3.78%
Petrobras PETR4 +3.28%
Santander SANB11 +3.10%

See the biggest drops of the day:

Company ticker Variation
petz PETZ3 −12.72%
Locaweb LWSA3 −7.62%
Carrefour CRFB3 −7.04%
Ecorodovias ECOR3 −6.07%
Totvs TOTS3 −4.72%

See the most traded stocks of the day:

Company ticker Variation
Petrobras PETR4 +3.28%
OK VALE3 −0.71%
Itaú Unibanco ITUB4 +2.15%
Bradesco BBDC4 +2.09%
Renner stores LREN3 +5.99%

Disclaimer

The Money Times publishes articles of a journalistic nature, which aim at the democratization of information. Our publications must be understood as announcing and disseminating bulletins, and not as an investment recommendation.

Receive Money Times newsletters!

Sign up for our newsletters and be always well informed with news that enrich your day! THE Money Times brings 8 curatorships covering the main themes of the market. Register now and receive the information directly in your email. It’s free!

Source link

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button