Sendas Distribuidora Q1: Raising The Recommendation From Sell To Hold [Seeking Alpha]
Sendas Distribuidora S.A. ADS (ASAI)
Company Research
Source: Seeking Alpha
The company's deleveraging process is underway, but its high leverage compared to competitors remains a concern. The company's valuation has improved, but there is still no margin of safety, leading to a recommendation to hold rather than buy shares. Investment Thesis I recommend holding Sendas Distribuidora ( NYSE: ASAI ) shares after the 1Q24 results. Since my sell coverage initiation report published on March 12, shares have fallen more than 20%. The company published good operating Recommended For You Recommended For You
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News
- Sendas Distribuidora: The Costco Of Brazil [Seeking Alpha]Seeking Alpha
- Sendas Distribuidora S.A. (NYSE:ASAI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Sendas Distribuidora S.A. (NYSE: ASAI) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $17.00 price target on the stock, up previously from $15.00.MarketBeat
ASAI
Sec Filings
- 6/6/24 - Form 6-K
- 5/30/24 - Form 6-K
- 5/30/24 - Form 6-K
- ASAI's page on the SEC website