Leading the gains of this first half of the trading session, the shares of the meat processor Minerva Foods (BEEF3) had, at 1 pm, appreciated by 5.5%, being bought for R$ R$ 13.43. Other companies in the sector, such as BRF (BRFS3), followed the same upward trend, rising 5.13% to R$13.11.
“We believe that investors are looking for opportunities in discounted shares and that they have a recovery scenario ahead,” says Regis Chinchila, an analyst at Terra Investimentos. See analysis below.
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Minerva, BRF, Marfrig (MRFG3) and JBS (JBSS3), according to him, are companies that are in the process of recovering domestic demand and also exports to the United States and China. And that would be attracting investors.
“The rise could also be happening by someone who is anticipating some good news for the sector”, says Gabriel Meira, specialist at Valor Investimentos.
And is it worth buying Minerva now?
For BTG, Minerva has several risks: sanctions from importing countries, restriction of demand for animal diseases and the imposition of tariffs by some countries. Even so, the company is a good buy. The bank believes that the action can reach R$ 20 in 12 months.
Leader in beef exports in South America, Minerva also has a purchase recommendation from Banco Safra. “The still strong global demand for beef, the company’s diversification in the main producing countries in South America are solid pros for the company”, disclosed the bank, in a document for investors.
