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Companhia Brasileira de Distribuição (NYSE:CBD) Downgraded by JPMorgan Chase & Co.

Tuesday, May 4, 2021 | MarketBeat

Companhia Brasileira de Distribuição (NYSE:CBD) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research report issued to clients and investors on Tuesday, The Fly reports.

A number of other equities analysts have also weighed in on the company. The Goldman Sachs Group lowered Companhia Brasileira de Distribuição from a "buy" rating to a "neutral" rating in a research note on Tuesday, March 2nd. Bank of America restated a "neutral" rating on shares of Companhia Brasileira de Distribuição in a research note on Wednesday, April 21st. Four research analysts have rated the stock with a hold rating, The stock currently has an average rating of "Hold" and an average price target of $16.00.

Shares of CBD opened at $7.35 on Tuesday. The firm has a market cap of $1.96 billion, a PE ratio of 16.70, a PEG ratio of 0.63 and a beta of 1.03. The stock's fifty day moving average price is $6.00 and its two-hundred day moving average price is $11.67. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.91 and a quick ratio of 0.48. Companhia Brasileira de Distribuição has a 1 year low of $2.35 and a 1 year high of $7.55.

Companhia Brasileira de Distribuição (NYSE:CBD) last released its quarterly earnings data on Wednesday, February 24th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.40. Companhia Brasileira de Distribuição had a return on equity of 3.36% and a net margin of 0.68%. The company had revenue of $2.74 billion for the quarter. Sell-side analysts anticipate that Companhia Brasileira de Distribuição will post 0.78 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Capital Asset Advisory Services LLC purchased a new stake in Companhia Brasileira de Distribuição during the 4th quarter valued at about $49,000. Boston Common Asset Management LLC purchased a new stake in Companhia Brasileira de Distribuição in the 4th quarter worth approximately $177,000. Marks Group Wealth Management Inc bought a new position in shares of Companhia Brasileira de Distribuição in the 4th quarter worth approximately $190,000. Virtu Financial LLC bought a new position in shares of Companhia Brasileira de Distribuição in the 4th quarter worth approximately $209,000. Finally, QP Wealth Management LLC bought a new position in Companhia Brasileira de Distribuição during the 1st quarter valued at approximately $89,000.

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 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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