Companhia Brasileira de Distribuição (NYSE:CBD) Hits New 12-Month High at $6.08


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Companhia Brasileira de Distribuição (NYSE:CBD) reached a new 52-week high on Thursday . The stock traded as high as $6.08 and last traded at $6.08, with a volume of 70909 shares traded. The stock had previously closed at $5.79.

Separately, The Goldman Sachs Group downgraded Companhia Brasileira de Distribuição from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 2nd.

The business has a fifty day moving average price of $9.53 and a 200 day moving average price of $12.43. The company has a market capitalization of $1.62 billion, a PE ratio of 13.16, 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 analysts’ consensus estimates 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 forecast that Companhia Brasileira de Distribuição will post 0.78 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Citigroup Inc. grew its stake in shares of Companhia Brasileira de Distribuição by 11.3% in the fourth quarter. Citigroup Inc. now owns 16,054 shares of the company’s stock valued at $230,000 after buying an additional 1,628 shares in the last quarter. Capital Asset Advisory Services LLC acquired a new stake in shares of Companhia Brasileira de Distribuição in the fourth quarter valued at about $49,000. State Street Corp grew its stake in shares of Companhia Brasileira de Distribuição by 0.7% in the third quarter. State Street Corp now owns 698,392 shares of the company’s stock valued at $8,618,000 after buying an additional 4,988 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in shares of Companhia Brasileira de Distribuição by 1.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 342,150 shares of the company’s stock valued at $7,966,000 after buying an additional 5,300 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Companhia Brasileira de Distribuição by 7.8% in the fourth quarter. Hsbc Holdings PLC now owns 73,506 shares of the company’s stock valued at $1,053,000 after buying an additional 5,341 shares in the last quarter.

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.

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