StockNews.com initiated coverage on shares of Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) in a note issued to investors on Thursday. The firm set a “strong-buy” rating on the stock.
Separately, Citigroup upgraded Companhia Brasileira de Distribuição from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $6.00.
Shares of NYSE CBD opened at $5.03 on Thursday. The stock’s 50 day moving average price is $4.40 and its two-hundred day moving average price is $4.35. Companhia Brasileira de Distribuição has a 52-week low of $3.37 and a 52-week high of $8.41. The stock has a market capitalization of $1.35 billion, a P/E ratio of 3.49, a PEG ratio of 0.16 and a beta of 0.83. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.46.
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Institutional investors have recently made changes to their positions in the company. Wolverine Trading LLC acquired a new stake in shares of Companhia Brasileira de Distribuição during the 4th quarter worth approximately $41,000. Arkadios Wealth Advisors increased its position in Companhia Brasileira de Distribuição by 200.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 9,676 shares of the company’s stock valued at $45,000 after acquiring an additional 6,451 shares during the period. US Bancorp DE increased its position in Companhia Brasileira de Distribuição by 51.0% in the 3rd quarter. US Bancorp DE now owns 12,492 shares of the company’s stock valued at $59,000 after acquiring an additional 4,221 shares during the period. Boston Private Wealth LLC acquired a new stake in Companhia Brasileira de Distribuição in the 4th quarter valued at approximately $74,000. Finally, Legacy Wealth Asset Management LLC acquired a new stake in Companhia Brasileira de Distribuição in the 4th quarter valued at approximately $75,000. Institutional investors and hedge funds own 4.35% of the company’s stock.
Companhia Brasileira de Distribuição Company Profile (Get Rating)
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. It operates in Food Retail, and Ãxito Group 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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