StockNews.com lowered shares of Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) from a buy rating to a hold rating in a research report sent to investors on Friday.
Separately, JPMorgan Chase & Co. lowered shares of Companhia Brasileira de Distribuição from an overweight rating to a neutral rating in a research note on Monday, July 25th.
Companhia Brasileira de Distribuição Trading Up 1.0 %
Companhia Brasileira de Distribuição stock opened at $4.22 on Friday. The company has a 50 day moving average price of $3.43 and a 200 day moving average price of $4.03. Companhia Brasileira de Distribuição has a 52 week low of $2.73 and a 52 week high of $6.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.06. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 3.52 and a beta of 0.84.
Hedge Funds Weigh In On Companhia Brasileira de Distribuição
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBD. Counterpoint Mutual Funds LLC boosted its stake in shares of Companhia Brasileira de Distribuição by 102.4% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 13,072 shares of the company’s stock valued at $66,000 after buying an additional 6,614 shares during the period. SG Americas Securities LLC boosted its stake in shares of Companhia Brasileira de Distribuição by 20.0% during the 2nd quarter. SG Americas Securities LLC now owns 40,784 shares of the company’s stock valued at $126,000 after buying an additional 6,793 shares during the period. Atlas Capital Advisors LLC boosted its stake in shares of Companhia Brasileira de Distribuição by 872.8% during 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 during the period. Wolverine Trading LLC acquired a new stake in shares of Companhia Brasileira de Distribuição during the 4th quarter valued at $41,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Companhia Brasileira de Distribuição during the 1st quarter valued at $53,000. Institutional investors and hedge funds own 5.22% of the company’s stock.
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.
Featured Stories
Receive News & Ratings for Companhia Brasileira de Distribuição Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Companhia Brasileira de Distribuição and related companies with MarketBeat.com’s FREE daily email newsletter.
Recent Comments