Companhia Brasileira de Distribuicao (NYSE:CBD) gapped up before the market opened on Thursday . The stock had previously closed at $15.23, but opened at $15.75. Companhia Brasileira de Distribuicao shares last traded at $16.89, with a volume of 631,768 shares changing hands.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Companhia Brasileira de Distribuicao from a “sell” rating to a “hold” rating in a research note on Tuesday, June 14th. Deutsche Bank AG raised Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating in a research note on Tuesday, June 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $10.17.

The firm has a market cap of $4.45 billion and a P/E ratio of 59.82. The company has a 50-day moving average of $13.24 and a 200 day moving average of $12.21.

A hedge fund recently raised its stake in Companhia Brasileira de Distribuicao stock. Brandes Investment Partners LP raised its stake in Companhia Brasileira de Distribuicao (NYSE:CBD) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,095,051 shares of the company’s stock after buying an additional 110,038 shares during the period. Brandes Investment Partners LP owned approximately 0.79% of Companhia Brasileira de Distribuicao worth $22,040,000 as of its most recent SEC filing.

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. The Company’s operating segments include Retail segment, Cash and carry segment, Home appliances segment and E-commerce segment.

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