Banco Bradesco S.A. (NYSE: BBD) is -12.72% lower on its value in year-to-date trading and has touched a low of $2.62 and a high of $6.65 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BBD stock was last observed hovering at around $4.62 in the last trading session, with the day’s loss setting it -0.04% off its average median price target of $6.31 for the next 12 months. It is also 35.49% off the consensus price target high of $7.10 offered by 12 analysts, but current levels are 8.03% higher than the price target low of $4.98 for the same period.
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Currently trading at $4.58, the stock is -1.96% and -7.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 26.46 million and changing -0.87% at the moment leaves the stock 10.92% off its SMA200. BBD registered -29.19% loss for a year compared to 6-month gain of 24.79%. The firm has a 50-day simple moving average (SMA 50) of $4.8158 and a 200-day simple moving average (SMA200) of $4.3404.
The stock witnessed a -6.95% loss in the last 1 month and extending the period to 3 months gives it a -2.18%, and is -3.09% 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 3.19% over the week and 3.09% over the month.
Current P/E ratio is 6.54 and Fwd P/E is 8.04. Distance from 52-week low is 75.09% and -31.08% 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”. 12 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”. 11 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 $0.12 with sales reaching $5.56B over the same period.The EPS is expected to grow by 23.30% this year, but quarterly earnings will post 0.20% year-over-year. Quarterly sales are estimated to shrink -4.00% 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. The shares outstanding are 8.84B, and float is at 6.34B with Short Float at 0.52%. Institutions hold 17.54% of the Float.
The top institutional shareholder in the company is Standard Life Aberdeen PLC with over 84.62 million shares valued at $445.1 million. The investor’s holdings represent 1.91% of the BBD Shares outstanding. As of Dec 30, 2020, the second largest holder is Sprucegrove Investment Management Ltd with 56.14 million shares valued at $295.32 million to account for 1.27% of the shares outstanding. The other top investors are Blackrock Inc. which holds 55.6 million shares representing 1.25% and valued at over $292.43 million, while Harding Loevner LLC holds 1.09% of the shares totaling 48.29 million with a market value of $165.65 million.
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 3.92% up over the past 12 months. Banco Bilbao Vizcaya Argentaria S.A. (BBVA) is -1.62% down on the 1-year trading charts. Short interest in the company’s stock has risen 25.18% from the last report on Dec 30, 2020 to stand at a total of 24.52 million short shares sold with a short interest ratio of 1.22.