Companhia Brasileira de Distribuicao (CBD) Downgraded to “Buy” at BidaskClub

BidaskClub cut shares of Companhia Brasileira de Distribuicao (NYSE:CBD) from a strong-buy rating to a buy rating in a report published on Wednesday morning.

A number of other research firms have also commented on CBD. J P Morgan Chase & Co raised Companhia Brasileira de Distribuicao to an overweight rating in a research note on Wednesday, March 22nd. Zacks Investment Research raised Companhia Brasileira de Distribuicao from a strong sell rating to a buy rating and set a $21.00 price objective on the stock in a research note on Tuesday, February 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Companhia Brasileira de Distribuicao has an average rating of Buy and a consensus target price of $23.00.

Companhia Brasileira de Distribuicao (NYSE CBD) opened at 19.96 on Wednesday. The firm’s market capitalization is $5.31 billion. Companhia Brasileira de Distribuicao has a one year low of $12.53 and a one year high of $24.75. The stock’s 50 day moving average price is $21.69 and its 200-day moving average price is $19.02.

ILLEGAL ACTIVITY NOTICE: This piece was reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/2654321/companhia-brasileira-de-distribuicao-cbd-downgraded-to-buy-at-bidaskclub.html.

A number of institutional investors have recently bought and sold shares of CBD. Harding Loevner LP raised its position in Companhia Brasileira de Distribuicao by 3.2% in the first quarter. Harding Loevner LP now owns 6,341,490 shares of the company’s stock worth $121,757,000 after buying an additional 195,300 shares in the last quarter. Macquarie Group Ltd. raised its position in Companhia Brasileira de Distribuicao by 1.4% in the first quarter. Macquarie Group Ltd. now owns 2,562,437 shares of the company’s stock worth $49,201,000 after buying an additional 34,952 shares in the last quarter. Brandes Investment Partners LP raised its position in Companhia Brasileira de Distribuicao by 1.1% in the first quarter. Brandes Investment Partners LP now owns 1,781,128 shares of the company’s stock worth $34,198,000 after buying an additional 20,215 shares in the last quarter. Vanguard Group Inc. raised its position in Companhia Brasileira de Distribuicao by 3.9% in the first quarter. Vanguard Group Inc. now owns 1,641,906 shares of the company’s stock worth $31,525,000 after buying an additional 62,050 shares in the last quarter. Finally, INCA Investments LLC raised its position in Companhia Brasileira de Distribuicao by 5.8% in the first quarter. INCA Investments LLC now owns 1,614,500 shares of the company’s stock worth $30,998,000 after buying an additional 88,934 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors.

About Companhia Brasileira de Distribuicao

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CBD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Companhia Brasileira de Distribuicao Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia Brasileira de Distribuicao and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.