This Thursday afternoon (28), the shares of Marfrig (MRFG3), owner of the Bassi and Montana Steakhouse brands, showed the sharpest drops on the Brazilian Stock Exchange (B3). The shares had a decrease of 3.76%, at R$ 18.68, around 15:21 (Brasília time).
See below the main reasons that lead to the devaluation of the share and if, in the opinion of the experts heard by the UOLit is worth buying it now, as it is at a lower price.
Currently, the balance sheets for the first quarter of 2022 of companies listed on the Stock Exchange are gradually being released. Analysts declare that for most companies in the meatpacking sector, the results should be positive.
Marfrig, according to XP Investimentos, “will present strong results above historical levels, driven by operations in the United States, but also due to good results in South America”.
If the expectation is for good results, why does the stock fall?
“A weak dollar, portfolio repositioning, fear of a slowdown in China. I think all of this [influencia na queda da ação da Marfrig]plus the moment of weakness of our stock market and the departure of foreign investors”, says Pedro Galdi, analyst at Miarae Asset.
Foreign investors have invested BRL 65.32 billion in B3 in 2022 so far, mainly attracted by the possibility of high gains in a short period. But with the war in Ukraine stretching and US interest rates rising, they started to leave Brazil.
According to B3 data, foreign investors withdrew BRL 1.82 billion from the stock exchange in April. As Marfrig is a share bought by several shareholders abroad, the paper ends up suffering now, according to analysts.
What to do with Marfrig’s shares?
XP Investimentos recommends the purchase of MRFG3 to investors, believing in the value of the paper – thus, it estimates that the price could reach R$ 34.80.
Mirae Asste also indicates the acquisition of the share, with an expectation of R$ 34.80. Safra also has a purchase, betting on R$ 37.30.
