Sendas Distribuidora (NYSE:ASAI - Get Free Report) was upgraded by stock analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report issued on Tuesday, MarketBeat reports. The firm presently has a $17.00 price target on the stock, up from their previous price target of $15.00. JPMorgan Chase & Co.'s price objective points to a potential upside of 26.87% from the company's current price.
Sendas Distribuidora Price Performance
Shares of NYSE ASAI traded up $0.29 during mid-day trading on Tuesday, reaching $13.40. The company had a trading volume of 529,400 shares, compared to its average volume of 325,528. Sendas Distribuidora has a 1-year low of $10.44 and a 1-year high of $15.25. The stock has a market cap of $3.62 billion, a PE ratio of 25.28, a P/E/G ratio of 0.64 and a beta of 1.12. The company has a current ratio of 0.89, a quick ratio of 0.48 and a debt-to-equity ratio of 4.69. The company has a 50-day moving average price of $14.13 and a two-hundred day moving average price of $13.43.
Sendas Distribuidora (NYSE:ASAI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Sendas Distribuidora had a return on equity of 16.78% and a net margin of 1.07%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.98 billion. On average, equities analysts anticipate that Sendas Distribuidora will post 0.61 earnings per share for the current year.
Hedge Funds Weigh In On Sendas Distribuidora
A number of large investors have recently made changes to their positions in the business. ANTIPODES PARTNERS Ltd acquired a new position in shares of Sendas Distribuidora in the third quarter worth $11,772,000. Breakout Capital Partners LP acquired a new position in Sendas Distribuidora in the 4th quarter worth about $13,347,000. Coronation Fund Managers Ltd. raised its stake in shares of Sendas Distribuidora by 6.9% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 8,171,428 shares of the company's stock worth $99,528,000 after purchasing an additional 527,876 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of Sendas Distribuidora by 888.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 307,970 shares of the company's stock valued at $4,256,000 after buying an additional 276,826 shares during the last quarter. Finally, Brandes Investment Partners LP grew its stake in shares of Sendas Distribuidora by 146.1% in the 4th quarter. Brandes Investment Partners LP now owns 176,981 shares of the company's stock valued at $2,446,000 after buying an additional 105,073 shares in the last quarter. Institutional investors and hedge funds own 8.76% of the company's stock.
Sendas Distribuidora Company Profile
(
Get Free Report)
Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. The company serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.
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