Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) was upgraded by equities research analysts at Bank of America from an “underperform” rating to a “buy” rating in a report issued on Wednesday, The Fly reports.
Several other research analysts have also commented on the company. StockNews.com lowered Companhia Brasileira de Distribuição from a “strong-buy” rating to a “buy” rating in a research report on Monday. Citigroup upgraded Companhia Brasileira de Distribuição from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Companhia Brasileira de Distribuição currently has a consensus rating of “Buy” and an average price target of $6.00.
NYSE:CBD opened at $4.33 on Wednesday. The business’s 50-day moving average is $4.78 and its two-hundred day moving average is $4.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.08 and a quick ratio of 0.76. Companhia Brasileira de Distribuição has a 12 month low of $3.37 and a 12 month high of $8.41. The firm has a market capitalization of $1.17 billion, a PE ratio of 3.01, a price-to-earnings-growth ratio of 0.08 and a beta of 0.92.
Institutional investors have recently made changes to their positions in the company. Wolverine Trading LLC acquired a new stake in shares of Companhia Brasileira de Distribuição during the fourth quarter valued at about $41,000. US Bancorp DE grew its stake in Companhia Brasileira de Distribuição by 51.0% in the third quarter. US Bancorp DE now owns 12,492 shares of the company’s stock worth $59,000 after purchasing an additional 4,221 shares in the last quarter. Counterpoint Mutual Funds LLC grew its stake in Companhia Brasileira de Distribuição by 102.4% in the first quarter. Counterpoint Mutual Funds LLC now owns 13,072 shares of the company’s stock worth $66,000 after purchasing an additional 6,614 shares in the last quarter. Boston Common Asset Management LLC grew its stake in Companhia Brasileira de Distribuição by 16.7% in the third quarter. Boston Common Asset Management LLC now owns 16,915 shares of the company’s stock worth $80,000 after purchasing an additional 2,415 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its stake in Companhia Brasileira de Distribuição by 84.3% in the fourth quarter. Arkadios Wealth Advisors now owns 17,829 shares of the company’s stock worth $71,000 after purchasing an additional 8,153 shares in the last quarter. Institutional investors own 4.35% of the company’s stock.
Companhia Brasileira de Distribuição Company Profile (Get Rating)
Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of hypermarkets, supermarkets, specialized stores, and department stores in Brazil. It operates in Food Retail, and Éxito Group segments. The company sells non-perishables, beverages, fruits, vegetables, meat, breads, cold cuts, dairy products, cleaning products, disposable products, and personal care products; and home appliances and other non-food products, such as clothing and baby items, shoes and accessories, household articles, books, magazines, CDs and DVDs, stationery, toys, sports and camping gears, furniture, mobile phones, mattresses, pet products, and gardening equipment and tools, as well as electronic products, including personal computers, software, computer accessories, and sound and image systems.
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