Companhia Brasileira de Distribuicao (NYSE:CBD) has been given an average rating of “Buy” by the six ratings firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of research firms have commented on CBD. Zacks Investment Research upgraded shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Friday, September 8th. BidaskClub raised shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st.

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Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) traded up 0.79% during midday trading on Friday, reaching $24.17. 436,088 shares of the company traded hands. The firm has a market capitalization of $6.43 billion, a P/E ratio of 152.01 and a beta of 1.84. The company has a 50 day moving average of $23.45 and a 200 day moving average of $21.06. Companhia Brasileira de Distribuicao has a 12 month low of $14.08 and a 12 month high of $24.75.

Several large investors have recently modified their holdings of CBD. FNY Partners Fund LP raised its holdings in shares of Companhia Brasileira de Distribuicao by 8,900.0% during the second quarter. FNY Partners Fund LP now owns 9,000 shares of the company’s stock worth $175,000 after purchasing an additional 8,900 shares during the period. World Asset Management Inc raised its holdings in shares of Companhia Brasileira de Distribuicao by 0.9% during the first quarter. World Asset Management Inc now owns 10,309 shares of the company’s stock worth $198,000 after purchasing an additional 88 shares during the period. NGAM Advisors L.P. acquired a new stake in shares of Companhia Brasileira de Distribuicao during the second quarter worth $201,000. JPMorgan Chase & Co. acquired a new stake in shares of Companhia Brasileira de Distribuicao during the second quarter worth $204,000. Finally, First Allied Advisory Services Inc. raised its holdings in shares of Companhia Brasileira de Distribuicao by 0.5% during the second quarter. First Allied Advisory Services Inc. now owns 11,305 shares of the company’s stock worth $218,000 after purchasing an additional 58 shares during the period. 3.50% of the stock is currently owned by institutional investors.

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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