Among the shares that are taking place on the outside, highlights include Cosan, Klabin and Suzano (Image: iStock.com/ipopba)
A JBS (JBSS3) leads the recommendations among the actions of the agribusiness most recommended for October in the view of 22 analysts, with seven indications, according to a survey by Money Times. The slaughterhouse accumulates an increase of 28.13% in 2024, in addition to growing 77.1% in the last 12 months.
It is worth noting that the market views the sector with some concern, amid AgroGalaxy's recent request for judicial recovery, granted on Tuesday (1).
Among the actions taking place on the outside, emphasis is placed on SLC Agricultural (SLCE3), with three indications, followed by Cosan (CSAN3), Klabin (KLBN11) e Suzano (SUZB3), with two nominations each.
JBS: The best risk-return in the sector
For the BTG Pactual (BPAC11), JBS presents the best relationship between risk and return in the protein sector, being the only stock with a buy recommendation for the house.
This week, in fact, the bank raised the target price for JBS shares from R$47 to R$48.
The optimism is also supported by the company's commitment to returning part of the cash flow to shareholders, as evidenced by the strong dividend following the second quarter results and the recent announcement of the R$3.6 billion buyback plan. This year alone, R$8 million was announced in return to shareholders.
“The story of deleveraging remains very well established. With the guns firing, we believe that now is the time to buy”, say Thiago Duarte, Guilherme Guttilla and Bruno Lima.
SLC Agrícola increases planted area in 2024/2025; buy or run?
Last week, SLC released its guidance for the 2024/2025 harvest. According to the company, the planted area will be 736.9 thousand hectares, with growth of 11.4% compared to the 2023/2024 harvest.
The increase in planted area reflects the latest operations announced, with the expansion of the partnership with the Soares Penido Group, a new joint venture created with Agropecuária Rica and the new lease contract signed in Piauí.
Amid the increase, the Itaú BBA raised its target price from R$24 to R$25 for the end of fiscal year 2025, in addition to maintaining a purchase recommendation. The bank continues to believe in the company's leadership position as the lowest-cost grain producer within a key sector in Brazil.
O JP Morganon the other hand, downgraded the purchase action to neutral, with the target price for the end of 2025 going from R$26 to R$23, as they believe that current valuations are “fair”.
The most recommended stocks for October
Among the shares that make up the recommended agro portfolio, eight companies had at least one purchase recommendation for October.
| Enterprise | Ticker | Indications |
|---|---|---|
| JBS | JBSS3 | 7 |
| SLC Agricultural | SLCE3 | 3 |
| Cosan | CSAN3 | 2 |
| Klabin | KLBN11 | 2 |
| Suzano | SUZB3 | 2 |
| Good Harvest | SOJA3 | 1 |
| camel | CAML3 | 1 |
| Saint Martin | SMTO3 | 1 |
Survey
The Money Times survey was carried out based on information on recommended stock portfolios published by 22 institutions. For October, eight agricultural actions were recommended, totaling 19 recommendations.
The following participated in the survey: Ágora Investimentos, Ativa, Andbank, BB Investimentos, BTG Pactual, CM Capital, Daycoval, EQI Research, Empiricus Research, Genial Investimentos, Itaú BBA, MyCap, Nova Futura, PagBank, Planner, RB Investimentos, Rico, Safra, Santander, Terra Investimentos , Toro e XP Investimentos.