Cnova NV (CNV) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Cnova NV (NASDAQ:CNV) have been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $4.24.
Separately, Zacks Investment Research raised Cnova NV from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th.
A number of institutional investors have recently bought and sold shares of CNV. JPMorgan Chase & Co. purchased a new position in Cnova NV during the second quarter valued at $418,000. Geode Capital Management LLC boosted its position in Cnova NV by 4.9% in the first quarter. Geode Capital Management LLC now owns 177,102 shares of the company’s stock valued at $531,000 after buying an additional 8,229 shares during the last quarter. FMR LLC boosted its position in Cnova NV by 4.8% in the second quarter. FMR LLC now owns 1,729,633 shares of the company’s stock valued at $8,562,000 after buying an additional 79,160 shares during the last quarter. Finally, Boussard & Gavaudan Investment Management LLP boosted its position in Cnova NV by 138.4% in the second quarter. Boussard & Gavaudan Investment Management LLP now owns 1,830,594 shares of the company’s stock valued at $9,153,000 after buying an additional 1,062,702 shares during the last quarter. Hedge funds and other institutional investors own 1.97% of the company’s stock.
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Cnova NV (NASDAQ:CNV) traded down 0.093% during midday trading on Wednesday, hitting $5.375. The stock had a trading volume of 13,247 shares. Cnova NV has a one year low of $2.02 and a one year high of $5.41. The firm has a 50 day moving average price of $5.32 and a 200 day moving average price of $4.68. The stock’s market cap is $2.37 billion.
Cnova NV (NASDAQ:CNV) last issued its quarterly earnings data on Tuesday, July 26th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.14. Cnova NV had a negative return on equity of 212.82% and a negative net margin of 11.39%. Equities analysts expect that Cnova NV will post ($0.24) EPS for the current year.
Cnova NV Company Profile
Cnova N.V. is an e-commerce company with operations in Europe, Latin America, Asia and Africa. The Company operates in two segments: Cdiscount and Cnova Brazil. Cdiscount segment consists of amounts earned from retail sales of consumer products through Cdiscount.com and monshowroom.com Websites in France and other Websites created by Cdiscount outside of France.
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