Companhia Brasileira de Distribuicao (NYSE:CBD) was upgraded by analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report released on Tuesday.

Several other brokerages also recently weighed in on CBD. Zacks Investment Research raised shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday, September 26th. BidaskClub raised shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $28.00.

Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) traded up $0.01 during trading hours on Tuesday, hitting $22.98. 121,923 shares of the stock traded hands, compared to its average volume of 328,661. The stock has a market capitalization of $6,013.89, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 1.19 and a beta of 1.89. The company has a current ratio of 1.18, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26. Companhia Brasileira de Distribuicao has a 1-year low of $14.08 and a 1-year high of $25.90.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First Allied Advisory Services Inc. lifted its stake in shares of Companhia Brasileira de Distribuicao by 0.5% in the second quarter. First Allied Advisory Services Inc. now owns 11,305 shares of the company’s stock valued at $218,000 after purchasing an additional 58 shares during the period. Boston Common Asset Management LLC lifted its stake in shares of Companhia Brasileira de Distribuicao by 17.1% in the second quarter. Boston Common Asset Management LLC now owns 18,800 shares of the company’s stock valued at $368,000 after purchasing an additional 2,750 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Companhia Brasileira de Distribuicao by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 298,082 shares of the company’s stock valued at $5,830,000 after purchasing an additional 3,279 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in shares of Companhia Brasileira de Distribuicao by 16.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 25,393 shares of the company’s stock valued at $496,000 after purchasing an additional 3,557 shares during the period. Finally, Aperio Group LLC lifted its stake in shares of Companhia Brasileira de Distribuicao by 5.1% in the second quarter. Aperio Group LLC now owns 125,631 shares of the company’s stock valued at $2,456,000 after purchasing an additional 6,091 shares during the period. Hedge funds and other institutional investors own 3.23% of the company’s stock.

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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