UBS AG upgraded shares of Companhia Brasileira de Distribuicao (NYSE:CBD) from a market perform rating to an outperform rating in a research note published on Tuesday morning.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Companhia Brasileira de Distribuicao from a hold rating to a buy rating and set a $27.00 price objective for the company in a research report on Friday, September 8th. Credit Suisse Group upgraded Companhia Brasileira de Distribuicao from a neutral rating to an outperform rating in a research report on Tuesday, November 7th. Finally, BidaskClub upgraded Companhia Brasileira de Distribuicao from a buy rating to a strong-buy rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $28.00.

Shares of Companhia Brasileira de Distribuicao (CBD) opened at $22.73 on Tuesday. The company has a market capitalization of $5,979.28, a P/E ratio of 24.41, a PEG ratio of 1.30 and a beta of 1.89. Companhia Brasileira de Distribuicao has a 12-month low of $14.08 and a 12-month high of $25.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.18 and a quick ratio of 0.98.

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Large investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its stake in shares of Companhia Brasileira de Distribuicao by 1,184.5% in the third quarter. Wells Fargo & Company MN now owns 4,817 shares of the company’s stock worth $114,000 after acquiring an additional 4,442 shares during the last quarter. FNY Partners Fund LP boosted its stake in shares of Companhia Brasileira de Distribuicao by 8,900.0% in the second quarter. FNY Partners Fund LP now owns 9,000 shares of the company’s stock worth $175,000 after acquiring an additional 8,900 shares during the last quarter. NGAM Advisors L.P. acquired a new stake in shares of Companhia Brasileira de Distribuicao in the second quarter worth approximately $201,000. JPMorgan Chase & Co. acquired a new stake in shares of Companhia Brasileira de Distribuicao in the second quarter worth approximately $204,000. Finally, Comerica Bank acquired a new position in Companhia Brasileira de Distribuicao during the third quarter worth $209,000. 3.40% of the stock is currently owned by hedge funds and other institutional investors.

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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