Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) have received an average recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $28.00.

A number of research firms recently commented on CBD. Zacks Investment Research raised shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Tuesday, September 26th. BidaskClub raised shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st.

A number of hedge funds have recently modified their holdings of the business. Harding Loevner LP raised its holdings in Companhia Brasileira de Distribuicao by 1.2% during the 2nd quarter. Harding Loevner LP now owns 6,418,690 shares of the company’s stock valued at $125,485,000 after acquiring an additional 77,200 shares during the period. Macquarie Group Ltd. raised its holdings in Companhia Brasileira de Distribuicao by 1.4% during the 1st quarter. Macquarie Group Ltd. now owns 2,562,437 shares of the company’s stock valued at $49,201,000 after acquiring an additional 34,952 shares during the period. INCA Investments LLC raised its holdings in Companhia Brasileira de Distribuicao by 16.3% during the 2nd quarter. INCA Investments LLC now owns 1,878,300 shares of the company’s stock valued at $36,721,000 after acquiring an additional 263,800 shares during the period. Brandes Investment Partners LP raised its holdings in Companhia Brasileira de Distribuicao by 2.9% during the 2nd quarter. Brandes Investment Partners LP now owns 1,832,486 shares of the company’s stock valued at $35,825,000 after acquiring an additional 51,358 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Companhia Brasileira de Distribuicao by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,701,006 shares of the company’s stock valued at $33,255,000 after acquiring an additional 59,100 shares during the period. 3.50% of the stock is currently owned by institutional investors and hedge funds.

Companhia Brasileira de Distribuicao (NYSE:CBD) traded up 0.44% during trading on Wednesday, hitting $25.39. The stock had a trading volume of 145,889 shares. Companhia Brasileira de Distribuicao has a 1-year low of $14.08 and a 1-year high of $25.90. The firm has a market capitalization of $6.75 billion, a PE ratio of 160.70 and a beta of 1.84. The firm has a 50 day moving average price of $24.15 and a 200-day moving average price of $21.89.

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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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