Companhia Brasileira de Distribuição (NYSE:CBD) Downgraded to Buy at StockNews.com

StockNews.com lowered shares of Companhia Brasileira de Distribuição (NYSE:CBDGet Rating) from a strong-buy rating to a buy rating in a research note published on Monday morning.

Separately, Citigroup upgraded shares of Companhia Brasileira de Distribuição from a neutral rating to a buy rating in a research note on Wednesday, March 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $6.00.

NYSE:CBD opened at $4.26 on Monday. Companhia Brasileira de Distribuição has a 12 month low of $3.37 and a 12 month high of $8.41. The firm has a fifty day simple moving average of $4.78 and a 200-day simple moving average of $4.35. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $1.15 billion, a P/E ratio of 2.96, a PEG ratio of 0.08 and a beta of 0.86.

The firm also recently announced an annual dividend, which will be paid on Wednesday, June 22nd. Investors of record on Monday, May 9th will be issued a dividend of $0.061 per share. The ex-dividend date of this dividend is Friday, May 6th. This represents a dividend yield of 1.43%. Companhia Brasileira de Distribuição’s dividend payout ratio (DPR) is presently 6.25%.

Several institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of Companhia Brasileira de Distribuição during the first quarter worth $171,000. Counterpoint Mutual Funds LLC raised its holdings in shares of Companhia Brasileira de Distribuição by 102.4% during the first quarter. Counterpoint Mutual Funds LLC now owns 13,072 shares of the company’s stock worth $66,000 after purchasing an additional 6,614 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Companhia Brasileira de Distribuição by 89.9% during the fourth quarter. BlackRock Inc. now owns 527,304 shares of the company’s stock worth $2,104,000 after purchasing an additional 249,653 shares during the last quarter. Boston Private Wealth LLC purchased a new position in shares of Companhia Brasileira de Distribuição during the fourth quarter worth $74,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Companhia Brasileira de Distribuição during the fourth quarter worth $278,000. 4.35% of the stock is owned by hedge funds and other institutional investors.

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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