Shares of Cnova NV (NASDAQ:CNV) have received an average rating of “Hold” from the nine analysts that are covering the firm. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $4.24.
Separately, Zacks Investment Research upgraded Cnova NV from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th.
Several institutional investors have recently made changes to their positions in the company. FMR LLC raised its stake in shares of Cnova NV by 4.8% in the second quarter. FMR LLC now owns 1,729,633 shares of the company’s stock worth $8,562,000 after buying an additional 79,160 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Cnova NV during the second quarter worth about $418,000. Boussard & Gavaudan Investment Management LLP raised its stake in shares of 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 worth $9,153,000 after buying an additional 1,062,702 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Cnova NV by 4.9% in the first quarter. Geode Capital Management LLC now owns 177,102 shares of the company’s stock worth $531,000 after buying an additional 8,229 shares in the last quarter. Hedge funds and other institutional investors own 1.97% of the company’s stock.
Cnova NV (NASDAQ:CNV) opened at 5.3989 on Wednesday. The company’s 50 day moving average price is $5.33 and its 200-day moving average price is $4.71. The company’s market cap is $2.38 billion. Cnova NV has a one year low of $2.02 and a one year high of $5.41.
Cnova NV (NASDAQ:CNV) last released its quarterly earnings results on Tuesday, July 26th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.14. Cnova NV had a negative net margin of 11.39% and a negative return on equity of 212.82%. On average, analysts forecast that Cnova NV will post ($0.24) EPS for the current fiscal 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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