InvestorsObserver is giving Companhia Brasileira de Distribuicao (CBD) an Analyst Rating Rank of 16, meaning CBD is ranked higher by analysts than 16% of stocks. The average price target for CBD is $5.75 and analyst’s rate the stock as a Buy.
Why are Analyst Ratings Important?
A company’s financial statements are a significant factor weighted by experts when analyzing a company’s health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What’s Happening With Companhia Brasileira de Distribuicao Stock Today?
Companhia Brasileira de Distribuicao (CBD) stock is higher by 2.2% while the S&P 500 is lower by -0.38% as of 10:23 AM on Wednesday, May 4. CBD has risen $0.09 from the previous closing price of $4.32 on volume of 318,579 shares. Over the past year the S&P 500 has fallen -0.12% while CBD is lower by -37.39%. CBD earned $0.60 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.32.
Click Here to get the full Stock Report for Companhia Brasileira de Distribuicao stock.
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