Gafisa SA (NYSE:GFA) has received an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Brokers have set a 12 month consensus target price of $1.52 for the company, according to Zacks. Zacks has also assigned Gafisa SA an industry rank of 112 out of 265 based on the ratings given to related companies.

A number of hedge funds and other institutional investors have recently made changes to their positions in GFA. Orbis Allan Gray Ltd purchased a new position in shares of Gafisa SA during the first quarter valued at $463,000. Renaissance Technologies LLC boosted its position in shares of Gafisa SA by 18.1% in the first quarter. Renaissance Technologies LLC now owns 797,100 shares of the company’s stock valued at $1,132,000 after buying an additional 122,300 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Gafisa SA by 4.1% in the second quarter. Vanguard Group Inc. now owns 1,075,200 shares of the company’s stock valued at $1,366,000 after buying an additional 42,400 shares in the last quarter. 5.28% of the stock is owned by institutional investors and hedge funds.

Shares of Gafisa SA (NYSE:GFA) opened at 1.55 on Tuesday. The firm’s market capitalization is $281.81 million. Gafisa SA has a 52-week low of $0.95 and a 52-week high of $1.71. The company’s 50-day moving average is $1.51 and its 200 day moving average is $1.34.

About Gafisa SA

Gafisa SA is a diversified national homebuilder. The Company’s segments are Gafisa (for ventures targeted at high and medium income) and Tenda (for ventures targeted at low income). The Company’s brands include Tenda, which serves the affordable entry-level housing segments, Gafisa, which offers a range of residential options to the mid to higher income segments and Alphaville (equity method investment), which focuses on the identification, development and sale of residential communities.

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