The stock of Cnova NV (NASDAQ:CNV) hit a new 52-week high and has $7.59 target or 39.00% above today’s $5.46 share price. The 6 months bullish chart indicates low risk for the $2.44 billion company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $7.59 price target is reached, the company will be worth $951.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 16,541 shares traded hands. Cnova NV (NASDAQ:CNV) has risen 82.27% since April 5, 2016 and is uptrending. It has outperformed by 80.32% the S&P500.
Cnova NV (NASDAQ:CNV) Ratings Coverage
Out of 7 analysts covering Cnova NV (NASDAQ:CNV), 1 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 14% are positive. Cnova NV has been the topic of 18 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, October 29 by Morgan Stanley. The stock of Cnova NV (NASDAQ:CNV) earned “Sell” rating by Zacks on Monday, September 21. The stock of Cnova NV (NASDAQ:CNV) has “Overweight” rating given on Wednesday, April 13 by JP Morgan. The rating was reinitiated by HSBC on Tuesday, January 19 with “Reduce”. Goldman Sachs initiated Cnova NV (NASDAQ:CNV) on Monday, November 30 with “Sell” rating. The firm earned “Neutral” rating on Thursday, October 29 by Bank of America. On Friday, May 13 the stock rating was maintained by Deutsche Bank with “Hold”. The firm earned “Neutral” rating on Thursday, November 19 by JP Morgan. On Thursday, May 19 the stock rating was upgraded by Goldman Sachs to “Neutral”. The firm earned “Buy” rating on Thursday, September 17 by HSBC.
According to Zacks Investment Research, “Cnova NV operates as an e-commerce company. The Company’s product lines include appliances, customer electronics, computers, home furnishings, leisure, and personal goods. Its brands include sites Extra.com.br, Pontofrio.com, Casasbahia.com.br., Comptoirsante.com, Moncornerdeco.com, Monshowroom.com and Barateiro.com.br. Cnova also offers B2B solutions, such as eHub, an e-commerce platform solution for third parties. The Company offers its services through direct sales and marketplaces. It has operations in Brazil, France, Colombia, Ecuador, Thailand, Vietnam, Ivory Coast, Belgium and Senegal. Cnova, N.V. is based in Eindhoven, the Netherlands.”
Insitutional Activity: The institutional sentiment increased to 1.67 in 2016 Q2. Its up 1.25, from 0.42 in 2016Q1. The ratio improved, as 1 funds sold all Cnova NV shares owned while 5 reduced positions. 3 funds bought stakes while 7 increased positions. They now own 8.69 million shares or 19.07% more from 7.30 million shares in 2016Q1.
Barclays Public Ltd Company owns 39,822 shares or 0% of their US portfolio. Tower Cap Ltd Co (Trc) has 540 shares for 0% of their US portfolio. Retail Bank Of America Corporation De accumulated 0% or 1,000 shares. Fny Managed Accounts Limited Liability Corp holds 0% or 29 shares in its portfolio. Credit Agricole S A accumulated 0% or 121,288 shares. The United Kingdom-based Boussard Gavaudan Mgmt Llp has invested 2.62% in Cnova NV (NASDAQ:CNV). Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Cnova NV (NASDAQ:CNV) for 141 shares. The Switzerland-based Credit Suisse Ag has invested 0% in Cnova NV (NASDAQ:CNV). Moreover, California Pub Employees Retirement Sys has 0% invested in Cnova NV (NASDAQ:CNV) for 66,200 shares. Jpmorgan Chase & last reported 0% of its portfolio in the stock. Sylebra Hk Ltd last reported 0.38% of its portfolio in the stock. Invesco Limited holds 0.01% of its portfolio in Cnova NV (NASDAQ:CNV) for 2.97M shares. Goldman Sachs Group last reported 29,330 shares in the company. Fmr Limited Liability Corp has 0% invested in the company for 1.73M shares. Geode Cap Mngmt Ltd Liability has 0% invested in the company for 183,725 shares.
More notable recent Cnova NV (NASDAQ:CNV) news were published by: Streetinsider.com which released: “Cnova N.V. (CNV) to Reorganization Brazilian Activities” on August 08, 2016, also Nasdaq.com with their article: “Cnova N.V.: Shareholders approve the reorganization of CNOVA N.V.”s Brazilian …” published on October 27, 2016, Prnewswire.com published: “Cnova NV Launches Initial Public Offering” on October 31, 2014. More interesting news about Cnova NV (NASDAQ:CNV) were released by: Nasdaq.com and their article: “Cnova N.V. Publishes Notice for Extraordinary General Meeting” published on September 15, 2016 as well as Globenewswire.com‘s news article titled: “Cnova N.V. Publishes 2014 U.S. Annual Report on Form 20-F” with publication date: March 31, 2015.
CNV Company Profile
Cnova N.V., incorporated on May 30, 2014, is an e-commerce firm with its two markets in France and Brazil. The Firm offers differentiated delivery and payment solutions. It operates through three divisions: Cdiscount France, Cdiscount International and Cnova Brazil. The Cdiscount France segment is engaged in the retail sales of consumer products through Cdiscount.com and specialized Websites in France. The Cdiscount International segment is engaged in retail sales of consumer products through Websites created by Cdiscount S.A. (Cdiscount) outside of France. The Cnova Brazil segment is engaged in retail sales of consumer products through Websites in Brazil, which include Extra.com.br, PontoFrio.com.br, CasasBahia.com.br, Barateiro.com.br, PartiuViagens.com.br, and wholesale activities and E-Hub. As of December 31, 2015, it offered approximately 29 million product offerings on its sites through its direct sales and marketplace businesses across a range of categories, such as consumer electronics, home appliances, home furnishings, computers, personal goods, leisure and other.
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