Why Companhia Brasileira de Distribuicao (NYSE:CBD) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $9.83 on Companhia Brasileira de Distribuicao (NYSE:CBD) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.38 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Companhia Brasileira de Distribuicao (NYSE:CBD) stands at N/A.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Companhia Brasileira de Distrib, the PEG ratio for coming 3-5 years is 5.26.

Technical Analysis

The technical analysis highlights that Companhia Brasileira de Distrib current is trading $0.52 points away or +3.41% from its 50-day moving average of $15.16. Further it is trading $2.61 or +20.01% away its 200-day moving average of $13.07.

The 52-week high of Companhia Brasileira de Distribuicao (NYSE:CBD) was $19.67 while lowest point recorded in 52-week was $8.00. It implies if stock price makes a movement of over $-3.99, it will record a new 52-week high. In the case of +96.00% drop, it will touch a new 52-week low.

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