Companhia Brasileira de Distribuição (NYSE:CBD) Reaches New 1-Year High at $7.00

Companhia Brasileira de Distribuição (NYSE:CBD) hit a new 52-week high on Wednesday . The stock traded as high as $7.00 and last traded at $6.73, with a volume of 18793 shares. The stock had previously closed at $6.82.

Several equities research analysts have recently weighed in on the company. Bank of America downgraded Companhia Brasileira de Distribuição from a “buy” rating to a “neutral” rating in a report on Thursday. The Goldman Sachs Group downgraded Companhia Brasileira de Distribuição from a “buy” rating to a “neutral” rating in a report on Tuesday, March 2nd.

The firm has a fifty day simple moving average of $7.91 and a 200 day simple moving average of $12.14. The company has a market capitalization of $1.72 billion, a PE ratio of 14.61, a P/E/G ratio of 0.63 and a beta of 1.03. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.91.

Companhia Brasileira de Distribuição (NYSE:CBD) last released its quarterly earnings data on Wednesday, February 24th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.51 by $0.40. The company had revenue of $2.74 billion for the quarter. Companhia Brasileira de Distribuição had a return on equity of 3.36% and a net margin of 0.68%. Research analysts expect that Companhia Brasileira de Distribuição will post 0.78 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the company. Capital Asset Advisory Services LLC purchased a new position in shares of Companhia Brasileira de Distribuição in the 4th quarter valued at $49,000. Boston Common Asset Management LLC purchased a new position in shares of Companhia Brasileira de Distribuição in the 4th quarter valued at $177,000. Marks Group Wealth Management Inc purchased a new position in shares of Companhia Brasileira de Distribuição in the 4th quarter valued at $190,000. Virtu Financial LLC purchased a new position in shares of Companhia Brasileira de Distribuição in the 4th quarter valued at $209,000. Finally, Confluence Investment Management LLC increased its holdings in shares of Companhia Brasileira de Distribuição by 143.5% in the 1st quarter. Confluence Investment Management LLC now owns 36,722 shares of the company’s stock valued at $214,000 after acquiring an additional 21,643 shares during the period.

Companhia Brasileira de Distribuição Company Profile (NYSE:CBD)

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. The company operates in Food Retail, and Cash and Carry segments. The Food Retail segment 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.

Further Reading: What are some reasons analysts would give stocks a buy rating?

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