Companhia Brasileira de Distribuicao (NYSE:CBD)’s share price was up 7% during trading on Wednesday . The company traded as high as $21.64 and last traded at $21.63, approximately 508,200 shares traded hands during mid-day trading. A decline of 17% from the average daily volume of 614,880 shares. The stock had previously closed at $20.22.

Separately, Bank of America lowered Companhia Brasileira de Distribuicao from a “buy” rating to a “neutral” rating in a report on Wednesday, June 26th.

The company has a quick ratio of 0.50, a current ratio of 0.96 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average price of $22.18 and a 200 day moving average price of $23.03. The company has a market capitalization of $5.38 billion, a P/E ratio of 16.41 and a beta of 1.52.

Companhia Brasileira de Distribuicao (NYSE:CBD) last released its earnings results on Wednesday, July 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.34 billion. Companhia Brasileira de Distribuicao had a net margin of 2.22% and a return on equity of 7.20%. As a group, equities analysts forecast that Companhia Brasileira de Distribuicao will post 1.07 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in CBD. Morgan Stanley increased its position in shares of Companhia Brasileira de Distribuicao by 157.7% in the second quarter. Morgan Stanley now owns 1,530,592 shares of the company’s stock valued at $37,469,000 after acquiring an additional 936,648 shares during the last quarter. TT International acquired a new stake in shares of Companhia Brasileira de Distribuicao in the second quarter valued at about $10,255,000. Nuveen Asset Management LLC acquired a new stake in shares of Companhia Brasileira de Distribuicao in the second quarter valued at about $10,171,000. Coronation Fund Managers Ltd. increased its position in shares of Companhia Brasileira de Distribuicao by 14.3% in the second quarter. Coronation Fund Managers Ltd. now owns 2,754,735 shares of the company’s stock valued at $67,436,000 after acquiring an additional 344,822 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new stake in shares of Companhia Brasileira de Distribuicao in the second quarter valued at about $7,994,000. 1.85% of the stock is currently owned by institutional investors and hedge funds.

Companhia Brasileira de Distribuicao 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 through two segments, Food Retail; and Cash and Carry.

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