Companhia Brasileira De Distribuicao (NYSE:CBD) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Companhia Brasileira De Distribuicao (NYSE:CBD) in a research report report published on Wednesday morning. The brokerage issued a hold rating on the stock.

Companhia Brasileira De Distribuicao Stock Performance

The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The business has a 50 day moving average of $0.63 and a two-hundred day moving average of $0.70. Companhia Brasileira De Distribuicao has a 1-year low of $0.45 and a 1-year high of $4.76. The company has a market capitalization of $119.91 million, a P/E ratio of -3.42 and a beta of 1.24.

Institutional Investors Weigh In On Companhia Brasileira De Distribuicao

Several hedge funds have recently added to or reduced their stakes in CBD. Vinland Capital Management Gestora de Recursos LTDA. bought a new stake in Companhia Brasileira De Distribuicao in the fourth quarter worth $1,696,000. Banco BTG Pactual S.A. boosted its holdings in Companhia Brasileira De Distribuicao by 173.8% in the fourth quarter. Banco BTG Pactual S.A. now owns 311,400 shares of the company’s stock worth $240,000 after acquiring an additional 197,661 shares in the last quarter. Optiver Holding B.V. boosted its holdings in Companhia Brasileira De Distribuicao by 50.2% in the third quarter. Optiver Holding B.V. now owns 394,700 shares of the company’s stock worth $263,000 after acquiring an additional 132,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Companhia Brasileira De Distribuicao during the third quarter valued at $88,000. Finally, Federated Hermes Inc. lifted its holdings in shares of Companhia Brasileira De Distribuicao by 63.0% during the fourth quarter. Federated Hermes Inc. now owns 124,566 shares of the company’s stock valued at $100,000 after purchasing an additional 48,166 shares in the last quarter. 2.44% of the stock is owned by institutional investors.

Companhia Brasileira De Distribuicao Company Profile

Companhia Brasileira De Distribuicao engages in the operation of supermarkets, specialized stores, and department stores in Brazil. It sells food products, including non-perishables, beverages, fruits, vegetables, meat, bread, cold cuts, and dairy products; and non-food products, such as cleaning supplies, disposable products, personal care products, and pet supplies under its private label and third-party brands.