Companhia Brasileira de Distribuicao (NYSE:CBD) has received a consensus rating of “Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $23.00.

CBD has been the subject of a number of recent research reports. BidaskClub lowered shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Zacks Investment Research upgraded shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday, June 13th.

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Hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. raised its stake in shares of Companhia Brasileira de Distribuicao by 6.6% in the fourth quarter. Macquarie Group Ltd. now owns 2,527,485 shares of the company’s stock worth $41,826,000 after buying an additional 155,795 shares during the period. Thomas White International Ltd. acquired a new stake in shares of Companhia Brasileira de Distribuicao during the first quarter worth approximately $1,217,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Companhia Brasileira de Distribuicao during the fourth quarter worth approximately $208,000. Dimensional Fund Advisors LP raised its stake in shares of Companhia Brasileira de Distribuicao by 24.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 408,674 shares of the company’s stock worth $6,770,000 after buying an additional 79,499 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Companhia Brasileira de Distribuicao during the first quarter worth approximately $419,000. Institutional investors and hedge funds own 3.37% of the company’s stock.

Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) traded up 1.72% on Friday, reaching $23.04. 437,474 shares of the company traded hands. The firm has a 50-day moving average price of $20.38 and a 200 day moving average price of $19.86. The company’s market capitalization is $6.13 billion. Companhia Brasileira de Distribuicao has a one year low of $14.08 and a one year high of $24.75.

About Companhia Brasileira de Distribuicao

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.

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