Companhia Brasileira de Distribuicao (CBD) Given Average Recommendation of “Buy” by Analysts

Companhia Brasileira de Distribuicao (NYSE:CBD) has received an average recommendation of “Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $28.00.

CBD has been the topic of several analyst reports. Zacks Investment Research downgraded Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Credit Suisse Group raised Companhia Brasileira de Distribuicao from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 7th. Finally, UBS raised Companhia Brasileira de Distribuicao from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 21st.

Several large investors have recently bought and sold shares of the company. Susquehanna International Group LLP acquired a new stake in shares of Companhia Brasileira de Distribuicao during the 3rd quarter valued at about $269,000. Cubist Systematic Strategies LLC grew its position in shares of Companhia Brasileira de Distribuicao by 228.2% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 38,751 shares of the company’s stock valued at $917,000 after acquiring an additional 26,945 shares during the period. Highbridge Capital Management LLC acquired a new stake in shares of Companhia Brasileira de Distribuicao during the 3rd quarter valued at about $225,000. Bienville Capital Management LLC grew its position in shares of Companhia Brasileira de Distribuicao by 80.5% during the 3rd quarter. Bienville Capital Management LLC now owns 139,369 shares of the company’s stock valued at $3,299,000 after acquiring an additional 62,162 shares during the period. Finally, Pinebridge Investments L.P. grew its position in shares of Companhia Brasileira de Distribuicao by 42.9% during the 3rd quarter. Pinebridge Investments L.P. now owns 76,298 shares of the company’s stock valued at $1,806,000 after acquiring an additional 22,898 shares during the period. Hedge funds and other institutional investors own 3.33% of the company’s stock.

Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) opened at $21.68 on Friday. The firm has a market capitalization of $6,083.10, a PE ratio of 24.84, a price-to-earnings-growth ratio of 1.32 and a beta of 1.89. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 1.18. Companhia Brasileira de Distribuicao has a 12-month low of $14.08 and a 12-month high of $25.90.

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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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