Banco Bradesco S.A. (BBD) Analysis & Opinions from Experts

Banco Bradesco S.A. (NYSE: BBD) is -1.45% lower on its value in year-to-date trading and has touched a low of $2.62 and a high of $7.87 in the current 52-week trading range. The BBD stock was last observed hovering at around $5.12 in the last trading session, with the day’s gains setting it 0.06% off its average median price target of $5.46 for the next 12 months. It is also 28.55% off the consensus price target high of $7.25 offered by 13 analysts, but current levels are -13.85% lower than the price target low of $4.55 for the same period.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Currently trading at $5.18, the stock is 0.20% and 11.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.7 million and changing 1.17% at the moment leaves the stock 30.90% off its SMA200. BBD registered -32.72% loss for a year compared to 6-month gain of 29.94%. The firm has a 50-day simple moving average (SMA 50) of $5.06 and a 200-day simple moving average (SMA200) of $4.20.

The stock witnessed a 3.23% loss in the last 1 month and extending the period to 3 months gives it a 53.30%, and is -1.64% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.86% over the week and 2.95% over the month.

Current P/E ratio is 7.40 and Fwd P/E is 9.96. Distance from 52-week low is 97.70% and -34.20% from its 52-week high.

Banco Bradesco S.A. (BBD) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Banco Bradesco S.A. (BBD) is a “Buy”. 13 analysts offering their recommendations for the stock have an average rating of 1.90, where 1 rate it as a Hold and 0 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Banco Bradesco S.A. is expected to release its quarterly report on 05/04/2021 and quarterly earnings per share for the current quarter are estimated at $0.11 with sales reaching $4.84B over the same period.The EPS is expected to shrink by -51.40% this year, but quarterly earnings will post -36.50% year-over-year. Quarterly sales are estimated to shrink -29.30% in year-over-year returns.

Banco Bradesco S.A. (BBD) Top Institutional Holders

347 institutions hold shares in Banco Bradesco S.A. (BBD), with 530.13k shares held by insiders accounting for 0.01% while institutional investors hold 17.55% of the company’s shares. Institutions hold 17.54% of the Float.

The top institutional shareholder in the company is Standard Life Aberdeen PLC with over 83.84 million shares valued at $287.58 million. The investor’s holdings represent 1.89% of the BBD Shares outstanding. As of Sep 29, 2020, the second largest holder is Harding Loevner LLC with 48.29 million shares valued at $165.65 million to account for 1.09% of the shares outstanding. The other top investors are Blackrock Inc. which holds 45.74 million shares representing 1.03% and valued at over $156.87 million, while Sprucegrove Investment Management Ltd holds 0.85% of the shares totaling 37.57 million with a market value of $128.86 million.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Banco Bradesco S.A. (BBD): Who are the competitors?

The company’s main competitors (and peers) include Mitsubishi UFJ Financial Group Inc. (MUFG) that is trading -13.06% down over the past 12 months. Banco Bilbao Vizcaya Argentaria S.A. (BBVA) is -5.36% down on the 1-year trading charts. Short interest in the company’s stock has risen 22.98% from the last report on Nov 12, 2020 to stand at a total of 28.75 million short shares sold with a short interest ratio of 1.4.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free