Americanas shares (AMER3) plummeted 5.95%, sold at R$ 24.82, according to the 3 pm price this Tuesday (26). What makes the paper fall so much is the prospect of higher inflation, according to experts.
Today, the Central Bank republished the Focus Report after a month without presenting the survey, carried out with more than 100 financial institutions. The break in the disclosure occurred due to the strike of BC servers. In the report, the market states that inflation in 2022 will be 7.65%, more than double the BC target of 3.5% with a tolerance of 1.5 percentage points (ie: between 2% and 5 %). Four weeks ago, in the last bulletin released, the estimate was that the index would be 6.86%.
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The scenario also includes the rising dollar, the expectation with the release of the inflation index (IPCA-15), tomorrow (27), and the wait for the Copom (Monetary Policy Committee) decision on interest, on May 4.
But, what to do with the stocks? See the expert analysis below:
“More inflation, more interest and, consequently, lower income for consumption. This negatively affects the shares of the retail company”, says Guilherme Rebouças de Oliveira, partner at OBB Capital Partners. Despite the scenario, Oliveira believes that, in the long term, the company will become more efficient. “We currently have a positive outlook on Lojas Americanas due to the change in management”, he says, who recommends the purchase.
At the end of last year, Lojas Americanas and Americanas SA formalized the incorporation of the holding’s shares (LAME3 and LAME4) into the company (AMER3). The operation simplifies the companies’ corporate governance structure. Lojas Americanas shares (LAME3 and LAME4) are no longer traded. Since January, the only stock listed on the Stock Exchange has been that of Americanas SA (AMER3).
Banco Safra makes a similar recommendation, with a target price of R$34, citing a “potential to create value” in the future.
XP, however, has a neutral recommendation for the stock, with a target price of R$40.
