BidaskClub upgraded shares of Companhia Brasileira de Distribuicao (NYSE:CBD) from a hold rating to a buy rating in a research report report published on Wednesday.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Companhia Brasileira de Distribuicao from a hold rating to a buy rating and set a $23.00 price objective for the company in a research note on Tuesday, June 13th. J P Morgan Chase & Co raised shares of Companhia Brasileira de Distribuicao to an overweight rating in a research note on Wednesday, March 22nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Companhia Brasileira de Distribuicao presently has an average rating of Buy and a consensus price target of $23.00.

Companhia Brasileira de Distribuicao (NYSE:CBD) traded up 1.54% on Wednesday, hitting $21.09. 369,209 shares of the stock were exchanged. The company’s market capitalization is $5.61 billion. The company has a 50-day moving average price of $20.87 and a 200 day moving average price of $19.22. Companhia Brasileira de Distribuicao has a 1-year low of $14.08 and a 1-year high of $24.75.

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A number of institutional investors have recently modified their holdings of CBD. World Asset Management Inc increased its position in shares of Companhia Brasileira de Distribuicao by 0.9% in the first quarter. World Asset Management Inc now owns 10,309 shares of the company’s stock valued at $198,000 after buying an additional 88 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Companhia Brasileira de Distribuicao during the fourth quarter valued at about $208,000. Boston Common Asset Management LLC increased its position in Companhia Brasileira de Distribuicao by 0.4% in the first quarter. Boston Common Asset Management LLC now owns 16,050 shares of the company’s stock valued at $308,000 after buying an additional 70 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Companhia Brasileira de Distribuicao during the first quarter valued at about $382,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Companhia Brasileira de Distribuicao during the first quarter valued at about $419,000. 3.39% of the stock is owned by institutional investors and hedge funds.

Companhia Brasileira de Distribuicao Company Profile

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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