Companhia Brasileira de Distribuicao (NYSE:CBD) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of Companhia Brasileira de Distribuicao (NYSE:CBD) from a sell rating to a hold rating in a research note issued to investors on Wednesday, July 25th.

Other research analysts also recently issued research reports about the stock. Goldman Sachs Group raised shares of Companhia Brasileira de Distribuicao to a buy rating in a research report on Wednesday, June 20th. Bank of America raised shares of Companhia Brasileira de Distribuicao from a neutral rating to a buy rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research raised shares of Companhia Brasileira de Distribuicao from a sell rating to a buy rating and set a $23.00 target price on the stock in a research report on Wednesday, April 18th. Two analysts have rated the stock with a sell rating and five have given a buy rating to the stock. Companhia Brasileira de Distribuicao currently has a consensus rating of Hold and an average target price of $23.00.

Companhia Brasileira de Distribuicao opened at $20.16 on Wednesday, Marketbeat.com reports. The stock has a market capitalization of $5.61 billion, a P/E ratio of 35.10, a P/E/G ratio of 1.24 and a beta of 1.82. Companhia Brasileira de Distribuicao has a 12 month low of $18.36 and a 12 month high of $25.90. The company has a current ratio of 1.20, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30.

Several large investors have recently bought and sold shares of CBD. Renaissance Technologies LLC purchased a new position in shares of Companhia Brasileira de Distribuicao during the 4th quarter valued at approximately $1,002,000. Deprince Race & Zollo Inc. purchased a new stake in Companhia Brasileira de Distribuicao in the 2nd quarter worth $3,604,000. Thomas White International Ltd. increased its holdings in Companhia Brasileira de Distribuicao by 7.3% in the 2nd quarter. Thomas White International Ltd. now owns 92,422 shares of the company’s stock worth $1,847,000 after acquiring an additional 6,298 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in Companhia Brasileira de Distribuicao in the 2nd quarter worth $338,000. Finally, Daiwa Securities Group Inc. increased its holdings in Companhia Brasileira de Distribuicao by 172.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 96,900 shares of the company’s stock worth $1,936,000 after acquiring an additional 61,300 shares in the last quarter. 2.60% of the stock is owned by hedge funds and other institutional investors.

Companhia Brasileira de Distribuicao Company Profile

Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of hypermarkets, supermarkets, specialized stores, and department stores in Brazil. The company operates through two segments, Food Retail; and Cash and Carry.

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Analyst Recommendations for Companhia Brasileira de Distribuicao (NYSE:CBD)

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