|Bid||12.10 x 800|
|Ask||12.11 x 800|
|Day's Range||11.91 - 12.51|
|52 Week Range||10.59 - 25.34|
|Beta (5Y Monthly)||-0.08|
|PE Ratio (TTM)||11.20|
|Forward Dividend & Yield||0.41 (3.28%)|
|Ex-Dividend Date||Jul 02, 2019|
|1y Target Est||N/A|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Brazilian retailers are feeling the coronavirus heat as malls close and people stay at home, but e-commerce may benefit. Brazil's association of e-commerce, ABComm, said on Thursday that it is likely to review its 2020 outlook soon, with some websites already seeing a surge in sales since March 12 of up to 180%, mainly in food and pharmaceutical items. Before the coronavirus outbreak, ABComm expected Brazilian e-commerce sales to grow 18% in 2020 from 2019 to 106 billion reais ($20.8 billion).
Companhia Brasileira (CBD) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
Companhia Brasileira de Distribuicao has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.
We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]
Brazil's GPA sees its wholesale unit Assaí reaching 50 billion reais ($11.91 billion) in gross sales by the end of 2022 from expected 30 billion reais this year, as the food retailer continues to organically expand its operations, its chief executive said on Wednesday. It plans 20 new stores per year in Brazil and will expand the chain to Colombia in 2020, CEO Peter Estermann told journalists in a press conference before a meeting with investors in Sao Paulo. "It will be our first Assaí store outside Brazil," Estermann said.
Brazilian supermarket group Grupo Pão de Açúcar SA has signed a deal with drugstore chain RD SA to create a loyalty program joint venture expected to start in the second half of 2020, both companies said on Wednesday. Under the terms of the agreement, which is still subject to approval by local antitrust regulator Cade, GPA, the local subsidiary of France's Casino Guichard Perrachon SA, will have a 66.7% stake in the joint venture and RD the remaining 33.7%, they said in a securities filing. Called Stix Fidelidade, the new loyalty program is a push to broaden their customer base, as well as shopping frequency for both companies, GPA's Chief Executive Peter Estermann told journalists on Wednesday.
Brazilian supermarkets chain Grupo Pao de Acucar SA has teamed-up with a local brewery to launch its own craft beer brand, a move likely to boost the share of in-house products in its total sales to over 20% in 2020, an executive said. The local subsidiary of France's Casino Guichard Perrachon SA currently offers its customers over 2,000 in-house products from various categories, representing approximately 13% of total sales, according to its most recent earnings report. GPA's launch of its "Fábrica 1959" beer brand comes amid growing consumer interest in craft beers around the world.
Brazilian retailer Grupo Pão de Açúcar SA expects better sales after it completes supermarket conversions and renovations in early 2020, its chief executive said on Thursday. "Consumption prospects are more positive, which alongside our efforts to conclude conversions and renovations in the first months of 2020, will allow us to enter an even better cycle," CEO Peter Estermann told analysts and investors in a call on quarterly results. GPA's shares edged down 0.4% to 82.73 reais, trimming gains so far this year to around 3%.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]
Companhia Brasileira (CBD) is battling macroeconomic headwinds and hurdles related to high investment costs. However, the Assai segment continues to stand strong.