Companhia Brasileira de Distribuicao (NYSE:CBD) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday, July 31st.
Separately, Zacks Investment Research upgraded shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, June 13th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $23.00.
Companhia Brasileira de Distribuicao (NYSE:CBD) traded up 2.29% during trading on Monday, reaching $23.26. The company had a trading volume of 324,893 shares. The stock has a market capitalization of $6.19 billion, a P/E ratio of 145.38 and a beta of 1.85. Companhia Brasileira de Distribuicao has a 12-month low of $14.08 and a 12-month high of $24.75. The stock has a 50 day moving average of $21.89 and a 200-day moving average of $20.39.
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A number of large investors have recently made changes to their positions in CBD. Macquarie Group Ltd. increased its stake in Companhia Brasileira de Distribuicao by 6.6% in the fourth quarter. Macquarie Group Ltd. now owns 2,527,485 shares of the company’s stock valued at $41,826,000 after buying an additional 155,795 shares during the last quarter. Thomas White International Ltd. bought a new stake in Companhia Brasileira de Distribuicao during the first quarter valued at approximately $1,217,000. Dynamic Technology Lab Private Ltd bought a new stake in Companhia Brasileira de Distribuicao during the first quarter valued at approximately $419,000. Dimensional Fund Advisors LP increased its stake in Companhia Brasileira de Distribuicao by 24.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 408,674 shares of the company’s stock valued at $6,770,000 after buying an additional 79,499 shares during the last quarter. Finally, Brandes Investment Partners LP increased its stake in Companhia Brasileira de Distribuicao by 1.1% in the first quarter. Brandes Investment Partners LP now owns 1,781,128 shares of the company’s stock valued at $34,198,000 after buying an additional 20,215 shares during the last quarter. Institutional investors own 3.24% 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.
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