Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.87 and traded as high as $4.13. Companhia Brasileira de Distribuição shares last traded at $4.09, with a volume of 705,897 shares trading hands.
Analyst Ratings Changes
CBD has been the topic of several research reports. JPMorgan Chase & Co. downgraded shares of Companhia Brasileira de Distribuição from an “overweight” rating to a “neutral” rating in a report on Monday, July 25th. StockNews.com upgraded shares of Companhia Brasileira de Distribuição from a “hold” rating to a “buy” rating in a report on Wednesday, October 5th.
Companhia Brasileira de Distribuição Stock Performance
The company has a debt-to-equity ratio of 0.34, a current ratio of 1.06 and a quick ratio of 0.69. The company’s fifty day simple moving average is $3.89 and its 200 day simple moving average is $3.86.
Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.09). Companhia Brasileira de Distribuição had a net margin of 4.01% and a return on equity of 3.11%. The business had revenue of $2.06 billion during the quarter. On average, analysts predict that Companhia Brasileira de Distribuição will post 0.17 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Companhia Brasileira de Distribuição
Several institutional investors and hedge funds have recently modified their holdings of CBD. Counterpoint Mutual Funds LLC grew its stake in shares of Companhia Brasileira de Distribuição by 102.4% in the first quarter. Counterpoint Mutual Funds LLC now owns 13,072 shares of the company’s stock valued at $66,000 after acquiring an additional 6,614 shares in the last quarter. SG Americas Securities LLC bought a new stake in Companhia Brasileira de Distribuição during the first quarter worth about $171,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Companhia Brasileira de Distribuição during the first quarter worth about $53,000. Atlas Capital Advisors LLC lifted its position in Companhia Brasileira de Distribuição by 872.8% during the first quarter. Atlas Capital Advisors LLC now owns 10,779 shares of the company’s stock worth $54,000 after purchasing an additional 9,671 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in Companhia Brasileira de Distribuição during the first quarter worth about $484,000. 5.22% of the stock is currently owned by institutional investors and hedge funds.
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.
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