Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $2.74, but opened at $2.86. Companhia Brasileira de Distribuição shares last traded at $2.90, with a volume of 16,769 shares trading hands.
Analyst Ratings Changes
Several equities research analysts have commented on CBD shares. StockNews.com lowered shares of Companhia Brasileira de Distribuição from a “buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. lowered shares of Companhia Brasileira de Distribuição from an “overweight” rating to a “neutral” rating in a research note on Monday. Finally, Bank of America upgraded shares of Companhia Brasileira de Distribuição from an “underperform” rating to a “buy” rating in a research note on Wednesday, May 4th.
Companhia Brasileira de Distribuição Stock Up 1.0 %
The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.39. The firm has a market cap of $827.00 million, a price-to-earnings ratio of 2.25 and a beta of 1.03. The stock’s 50 day moving average is $3.47 and its 200 day moving average is $4.10.
Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($1.64). Companhia Brasileira de Distribuição had a net margin of 4.33% and a return on equity of 4.21%. The company had revenue of $1.93 billion for the quarter. Analysts forecast that Companhia Brasileira de Distribuição will post 0.1 EPS for the current year.
Institutional Trading of Companhia Brasileira de Distribuição
A number of large investors have recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC boosted its holdings in Companhia Brasileira de Distribuição by 102.4% during the first quarter. Counterpoint Mutual Funds LLC now owns 13,072 shares of the company’s stock worth $66,000 after buying an additional 6,614 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in Companhia Brasileira de Distribuição by 84.3% during the fourth quarter. Arkadios Wealth Advisors now owns 17,829 shares of the company’s stock worth $71,000 after buying an additional 8,153 shares in the last quarter. Atlas Capital Advisors LLC boosted its holdings in Companhia Brasileira de Distribuição by 872.8% during the first quarter. Atlas Capital Advisors LLC now owns 10,779 shares of the company’s stock worth $54,000 after buying an additional 9,671 shares in the last quarter. Wolverine Trading LLC bought a new stake in Companhia Brasileira de Distribuição during the fourth quarter worth approximately $41,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Companhia Brasileira de Distribuição during the first quarter worth approximately $53,000. 4.35% of the stock is currently owned by institutional investors.
About Companhia Brasileira de Distribuição
Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of supermarkets, specialized stores, and department stores in Brazil. It operates in Brazilian Retail, Grupo Éxito, and Other Businesses 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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