Companhia Brasileira De Distribuicao. ADR (NYSE:CBD) has a beta value of 1.50 and has seen 2.63 million shares traded in the last trading session. The company, currently valued at $210.31M, closed the last trade at $0.78 per share which meant it gained $0.12 on the day or 17.99% during that session. The CBD stock price is -91.03% off its 52-week high price of $1.49 and 25.64% above the 52-week low of $0.58. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.29 million shares traded. The 3-month trading volume is 463.58K shares.
The consensus among analysts is that Companhia Brasileira De Distribuicao. ADR (CBD) is a Hold stock at the moment, with a recommendation rating of 3.10. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 9 out of 10 have rated it as a Hold, with 0 advising it as a Buy. 1 have rated the stock as Underweight.
Sporting 17.99% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 12/05/23 when the CBD stock price touched $0.78 or saw a rise of 1.27%. Year-to-date, Companhia Brasileira De Distribuicao. ADR shares have moved -19.59%, while the 5-day performance has seen it change 16.06%. Over the past 30 days, the shares of Companhia Brasileira De Distribuicao. ADR (NYSE:CBD) have changed 2.70%. Short interest in the company has seen 0.11 million shares shorted with days to cover at 0.39.
Wall Street analysts have a consensus price target for the stock at $1.01, which means that the shares’ value could jump 22.77% from current levels. The projected low price target is $0.72 while the price target rests at a high of $1.39. In that case, then, we find that the current price level is -78.21% off the targeted high while a plunge would see the stock lose 7.69% from current levels.
Companhia Brasileira De Distribuicao. ADR (CBD) estimates and forecasts
Figures show that Companhia Brasileira De Distribuicao. ADR shares have underperformed across the wider relevant industry. The company’s shares have lost -28.98% over the past 6 months, with this year growth rate of -3.20%, compared to 7.50% for the industry. Revenue growth from the last financial year stood is estimated to be 40.00%.
CBD Dividends
Companhia Brasileira De Distribuicao. ADR is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.04 at a share yield of 4.56%. The company’s dividend yield has gone up over the past 12 months.
Companhia Brasileira De Distribuicao. ADR (NYSE:CBD)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 5.30% with a share float percentage of 5.30%. Investors are also buoyed by the number of investors in a company, with Companhia Brasileira De Distribuicao. ADR having a total of 77 institutions that hold shares in the company. The top two institutional holders are Carronade Capital Management, Lp with over 2.34 million shares worth more than $9.01 million. As of Jun 29, 2023, Carronade Capital Management, Lp held 0.87% of shares outstanding.
The other major institutional holder is Banco BTG Pactual SA, with the holding of over 1.84 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $7.08 million and represent 0.68% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Avantis Emerging Markets Equity ETF and Avantis Emerging Markets Equity Fund. As of Sep 29, 2023, the former fund manager holds about 0.19% shares in the company for having 0.5 million shares of worth $0.34 million while later fund manager owns 0.46 million shares of worth $1.75 million as of Jun 29, 2023, which makes it owner of about 0.17% of company’s outstanding stock.
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