Published On: Wed, Sep 7th, 2016

Cnova NV (NASDAQ:CNV) Receives Average Recommendation of “Hold” from Brokerages

Cnova NV (NASDAQ:CNV) has been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $4.24.
Shares of Cnova NV (NASDAQ:CNV) traded up 0.19% during mid-day trading on Wednesday, hitting $5.30. The stock had a trading volume of 48,587 shares. The stock’s 50-day moving average is $5.11 and its 200-day moving average is $4.16. The firm’s market capitalization is $2.34 billion. Cnova NV has a 1-year low of $2.02 and a 1-year high of $5.34.

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Cnova NV (NASDAQ:CNV) last issued its quarterly earnings results on Tuesday, July 26th. The company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.14. Equities analysts expect that Cnova NV will post ($0.25) earnings per share for the current year.
A number of analysts have recently commented on the company. Deutsche Bank AG lifted their price target on Cnova NV from $2.50 to $5.50 and gave the company a “hold” rating in a research note on Friday, May 13th. Goldman Sachs Group raised Cnova NV from a “sell” rating to a “neutral” rating and lifted their price target for the company from $1.40 to $3.70 in a research note on Thursday, May 19th. Credit Suisse Group AG reissued a “sell” rating on shares of Cnova NV in a research note on Saturday, May 14th. Finally, Zacks Investment Research lowered Cnova NV from a “hold” rating to a “sell” rating in a research note on Wednesday, August 24th.
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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