Companhia Brasileira de Distribuicao (NYSE:CBD) Given Consensus Recommendation of “Buy” by Analysts

Companhia Brasileira de Distribuicao (NYSE:CBD) has earned an average rating of “Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company.

Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub upgraded shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st.

Several large investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB purchased a new stake in Companhia Brasileira de Distribuicao during the first quarter valued at about $712,000. Quantitative Investment Management LLC increased its position in Companhia Brasileira de Distribuicao by 91.8% in the first quarter. Quantitative Investment Management LLC now owns 56,400 shares of the company’s stock worth $1,082,000 after buying an additional 27,000 shares during the period. Bienville Capital Management LLC increased its position in Companhia Brasileira de Distribuicao by 84.3% in the first quarter. Bienville Capital Management LLC now owns 126,800 shares of the company’s stock worth $2,434,000 after buying an additional 58,000 shares during the period. Parametric Portfolio Associates LLC increased its position in Companhia Brasileira de Distribuicao by 66.3% in the first quarter. Parametric Portfolio Associates LLC now owns 243,460 shares of the company’s stock worth $4,674,000 after buying an additional 97,091 shares during the period. Finally, Karp Capital Management Corp acquired a new position in Companhia Brasileira de Distribuicao during the first quarter worth approximately $2,295,000. Hedge funds and other institutional investors own 3.18% of the company’s stock.

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Companhia Brasileira de Distribuicao (NYSE:CBD) traded down 0.92% during mid-day trading on Friday, hitting $22.70. 570,986 shares of the stock were exchanged. The company has a 50-day moving average of $21.35 and a 200-day moving average of $20.24. The stock has a market capitalization of $6.04 billion, a PE ratio of 140.99 and a beta of 1.85. Companhia Brasileira de Distribuicao has a 52 week low of $14.08 and a 52 week 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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