Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.
A number of other equities research analysts have also commented on the company. Bank of America upgraded Companhia Brasileira de Distribuição from an “underperform” rating to a “buy” rating in a research report on Wednesday, May 4th. JPMorgan Chase & Co. cut Companhia Brasileira de Distribuição from an “overweight” rating to a “neutral” rating in a report on Monday, July 25th.
Companhia Brasileira de Distribuição Stock Down 1.9 %
NYSE:CBD opened at $3.02 on Tuesday. Companhia Brasileira de Distribuição has a one year low of $2.73 and a one year high of $6.20. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34. The firm’s 50 day simple moving average is $3.43 and its 200 day simple moving average is $4.10.
Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) last issued its quarterly earnings results 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 return on equity of 3.11% and a net margin of 4.01%. The business had revenue of $1.93 billion for the quarter. On average, equities analysts anticipate that Companhia Brasileira de Distribuição will post 0.1 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of CBD. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Companhia Brasileira de Distribuição in the 4th quarter worth about $1,094,000. Wolverine Trading LLC bought a new stake in shares of Companhia Brasileira de Distribuição in the fourth quarter valued at approximately $41,000. Credit Agricole S A purchased a new stake in shares of Companhia Brasileira de Distribuição during the 4th quarter valued at approximately $100,000. Qube Research & Technologies Ltd lifted its stake in shares of Companhia Brasileira de Distribuição by 34.4% during the 4th quarter. Qube Research & Technologies Ltd now owns 453,525 shares of the company’s stock valued at $1,810,000 after buying an additional 116,146 shares in the last quarter. Finally, Atlas Capital Advisors LLC grew its stake in Companhia Brasileira de Distribuição by 872.8% in the 1st quarter. Atlas Capital Advisors LLC now owns 10,779 shares of the company’s stock valued at $54,000 after buying an additional 9,671 shares in the last quarter. 4.35% of the stock is owned by institutional investors.
Companhia Brasileira de Distribuição Company Profile
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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