The shares of Natura&Co (NTCO3) fall this Monday (20), with a devaluation of 5.54%, being traded at R$ 13.65 around noon.
One of the reasons that brought the action down on Monday is the asset requalification made by Jefferies Financial Group.
For the investment bank, the paper’s recommendation was from “buy” to “neutral”, that is, if you have it, keep it. If you don’t have it, don’t buy it.
Natura, which was once considered a model company in sustainability, ethics and governance, has been going through a bad phase.
At the end of May, Natura made changes to the IR (Investor Relations) department after information about the leak of the first quarter results. The company held meetings with analysts from major banks and brokerages and reportedly provided them with quarterly earnings data before the official release on May 5. Natura confirmed the meeting with analysts, but said there was no leak of information. He then announced a business restructuring and change in command.
And what to do with the shares?
Jefferies better stay out. But this is not a unanimous opinion.
For analysts Guilherme Domingues and Felipe Demolein, from Eleven Financial Research, the recommendation is to buy, according to a document sent to shareholders.
“Although the company did not give great details as to the extent of cost reduction or which areas will be reallocated, we see that, given the weaker results of the first quarter of 2022 and the last quarter of 2021, as well as the sharp drop in actions this year, these changes demonstrate that management is committed to making the business have traction again and gain more efficiency with the simplification of structures”, they say in the text.