The actions of Camil Alimentos (CAML3) operated down by almost 13% this Friday (15), with the market reacting to the 1Q22 balance sheet released by the company the day before.
Camil’s common shares plummeted 12.88%, quoted at R$9.67. O Ibovespa (IBOV) rose 0.45% to 96,551 points.
Despite the drop today, the analysts’ recommendation is to buy the stock, which fair value up to BRL 20.
According to equity analyst at Eleven Financial, Diana Stuhlbergerthe fact that Camil’s action is suffering today does not cancel out the good result presented by the company of foods at the beginning of the year, above the expectations of the independent analysis house.
With buy recommendation and target price of BRL 20 in 12 monthsStuhlberger highlights that Camil’s revenue increase in the first quarter was mainly due to the price effect of bean and sugar in the domestic market.
“This more than compensated for the drop in the volume of ricewhich also showed a drop in prices”, he explains.
more optimism
Camil’s net income shrank 10.5% in the first quarter of the year (March-May 2022) compared to the same period in 2021. The result reached BRL 96.8 million, against BRL 108.2 million a year earlier.
On the other hand, the company’s net revenue reached R$ 2.39 billionan increase of 6.2% in the annual comparison.
THE XP Investimentos praised Camil’s appetite for mergers & acquisitionswhich recently acquired brands in the pasta and coffee segments.
“We see it as highly positive to maintain a portfolio of defensive products in an inflationary environment, especially with strong brands to defend higher prices and sustain healthier margins,” says the brokerage in a report sent to clients.
XP recommends the purchase of Camil’s share with target price of BRL 14 in 12 months.
In the same vein, the Itaú BBA recommends the purchase, with target price of BRL 13. In the manager’s view, Camil should still consolidate more gains from its acquisitions in the next balance sheets.
a little less optimistic
Less optimistic in Camil than the others, the Activate Investments recommends the purchase, with a target price of R$ 11.6 in 12 months.
According to variable income analysts Sergio Berruezo and João Pedro Moreira Fontes, the negative highlight on the balance sheet was sugar, due to high raw material prices.
Camil’s net income in the first quarter also came in below analysts’ estimates, due to higher-than-expected financial expenses.
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Source: Moneytimes
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.
