See the most recommended stocks by banks and brokers for the month of April

In April, investors should continue to pay attention to the unfolding of the war between Ukraine and Russia, which affects markets and major commodities around the world — follow CNN’s live coverage of the conflict.

Since the war started, raw material prices have skyrocketed. A survey by the consultancy Safras & Mercados, produced at the request of CNN Brazilpoints out that corn and soybeans, for example, reached the highest price of the last ten years in March, and wheat rose by 49.5%.

This appreciation in prices favored the Ibovespa, which is composed of around 33% of companies that work with raw materials. In this way, the previous month was positive in the capital markets, and the quarter was the best for the main B3 index since 2020, said the CEO of Grana Capital, André Kelmanson.

recommended portfolio

Among the most recommended actions among 14 banks and brokers for the month of April, mining company Vale was the most indicated company. The survey of the most suggested stocks for this month were recorded through the portfolios of Órama, XP, Genial, CM Capital, Toro, Santander, Warren, Guide, Ativa, Planner, Safra, Benndorf, Bradesco and Terra Investimentos.

Here’s what analysts say about the most recommended stocks for April:

OK

Action: VALE3

Comment: Bradesco

We recently raised Vale’s target price to R$135 per share (from R$108), considering a tighter-than-expected supply and demand outlook for major commodities in 2022.

Even if the war between Russia and Ukraine ends, we think that supply disruptions could take a few quarters to dissipate. At the same time, Chinese stimulus will increase demand for iron ore throughout the year, although the worsening of the Covid-19 pandemic in the short term is a risk.

Itau

Action: ITUB4

Comment: Land Investments

Itaú operates in all modalities through its portfolios: commercial, real estate credit, financing, investment and leasing.

O guidance for 2022 was higher than the consensus, reflecting a better revenue mix and conservative assumptions about asset quality.

For this year, Itaú projects that its loan portfolio will grow by up to 12% compared to 2021, after the 18% expansion last year, and that the cost of credit will be between BRL 25 billion and BRL 29 billion, compared to BRL 25 billion. $20.2 billion recorded in 2021.

PetroRio

Action: PRIOR3

Comment: The focus remains on acquiring mature fields, reducing costs and increasing results, consolidating the company as one of the most efficient in the oil exploration and production segment.

In a recent decision, the board approved the change in the functional currency from real to dollar, in order to more faithfully represent the company’s results and equity.

Petrobras

Action: PETR4

Comment: harvest

We believe that the company’s action should benefit from the continuity of the debt reduction process and the consequent adoption of the new dividend policy, in addition to the focus on assets with higher returns and the current levels of oil prices.

The main point of attention continues to be the possibility of interference in Petrobras’ pricing policy, however, we believe that this risk is limited, since the legislation and the company’s statute provide some protection against political interference.

vibrate

Action: BRDT3

Comment: Santander

Vibra Energia, formerly BR Distribuidora, presented strong results in line with estimates in the 4th quarter of 2021. The consistent results throughout 2021 put the company in a leading position in the market, both in terms of margins and in terms of market share. Marketplace.

After reporting further operational improvements (and at a faster pace than we expected in 2021), Vibra has already achieved a solid level of cost reduction. Management continues to work on additional sources of gross margin improvement through pricing and fuel supply.

not just the valuation remains attractive with the action, but we also see Vibra moving forward with its long-term strategy aimed at creating value from the structural changes arising from the energy transition in the Brazilian market.