Companhia Brasileira de Distribuicao (CBD) Receives Average Recommendation of “Buy” from Brokerages

Companhia Brasileira de Distribuicao (NYSE:CBD) has received an average rating of “Buy” from the six analysts that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company.

Several research firms recently weighed in on CBD. BidaskClub upgraded shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Tuesday, June 13th.

Companhia Brasileira de Distribuicao (NYSE CBD) traded down 3.22% on Tuesday, hitting $23.12. The stock had a trading volume of 575,418 shares. Companhia Brasileira de Distribuicao has a 1-year low of $14.08 and a 1-year high of $24.75. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 144.50 and a beta of 1.85. The stock’s 50-day moving average is $22.39 and its 200 day moving average is $20.57.

A number of hedge funds have recently bought and sold shares of CBD. FNY Partners Fund LP increased its stake in Companhia Brasileira de Distribuicao by 8,900.0% in the second quarter. FNY Partners Fund LP now owns 9,000 shares of the company’s stock valued at $175,000 after buying an additional 8,900 shares during the period. NGAM Advisors L.P. bought a new stake in Companhia Brasileira de Distribuicao during the second quarter valued at $201,000. World Asset Management Inc increased its stake in Companhia Brasileira de Distribuicao by 0.9% in the first quarter. World Asset Management Inc now owns 10,309 shares of the company’s stock valued at $198,000 after buying an additional 88 shares during the period. JPMorgan Chase & Co. bought a new stake in Companhia Brasileira de Distribuicao during the second quarter valued at $204,000. Finally, First Allied Advisory Services Inc. increased its stake in Companhia Brasileira de Distribuicao by 0.5% in the second quarter. First Allied Advisory Services Inc. now owns 11,305 shares of the company’s stock valued at $218,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors own 3.24% of the company’s stock.

WARNING: This article was first published by [[site]] and is the property of of [[site]]. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at [[permalink]].

Companhia Brasileira de Distribuicao Company Profile

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.