Companhia Brasileira de Distribuicao (NYSE:CBD) was upgraded by UBS AG from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday, The Fly reports.

Several other brokerages have also issued reports on CBD. Credit Suisse Group raised Companhia Brasileira de Distribuicao from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 7th. Zacks Investment Research raised Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, September 26th. Finally, BidaskClub raised Companhia Brasileira de Distribuicao from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $28.00.

Companhia Brasileira de Distribuicao (CBD) traded up $0.02 during trading hours on Tuesday, reaching $22.46. The company had a trading volume of 235,100 shares, compared to its average volume of 483,960. The company has a market capitalization of $5,973.96, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 1.30 and a beta of 1.89. Companhia Brasileira de Distribuicao has a 12 month low of $14.08 and a 12 month high of $25.90. The company has a quick ratio of 0.98, a current ratio of 1.18 and a debt-to-equity ratio of 0.26.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in CBD. BT Investment Management Ltd purchased a new position in shares of Companhia Brasileira de Distribuicao in the second quarter worth about $14,124,000. Lord Abbett & CO. LLC purchased a new position in Companhia Brasileira de Distribuicao during the 2nd quarter valued at about $8,809,000. INCA Investments LLC increased 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 purchasing an additional 263,800 shares during the period. Goldman Sachs Group Inc. increased its holdings in Companhia Brasileira de Distribuicao by 210.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 362,761 shares of the company’s stock valued at $7,092,000 after purchasing an additional 245,959 shares during the period. Finally, Banco BTG Pactual S.A. purchased a new position in Companhia Brasileira de Distribuicao during the 2nd quarter valued at about $2,917,000. Hedge funds and other institutional investors own 3.40% of the company’s stock.

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.

The Fly

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