Is Banco Bradesco S.A. (BBD) Price Targeted To Increase?

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As of Wednesday close, Banco Bradesco S.A.’s (NYSE:BBD) stock traded at $2.85. The average number of shares traded per day over the past five days has been 57,286,160 shares. 2 times new highs have been achieved over the past 5 days, with a $0.06 gain in that time frame. In the last twenty days, the average volume was 60,613,570, while in the previous 50 days, it was 45,853,012.

Since last month, BBD stock retreated -22.48%. Shares of the company fell to $2.72 on 11/10/22, the lowest level in the past month. A 52-week high of $4.30 was reached on 05/31/22 after having rallying from a 52-week low of $2.72. Since the beginning of this year, BBD’s stock price has dropped by -7.42% or -$0.26, and marked a new high 25 times. However, the stock has declined by -33.69% since its 52-week high.


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Valuation Metrics

Right now, Banco Bradesco S.A. (BBD) has a P/E ratio of about 3.52. The stock’s beta is 0.84. Besides these, the trailing price-to-sales (P/S) ratio of 2.11, the price-to-book (PB) ratio of 0.51.

The latest dividend of $0.0027 per share was paid out, which is -25.0% less than last year’s $0.0036. On Wednesday October 26 2022, a $0.0009 dividend decrease was announced.

Financial Health

In the year ended September 29, operating margins totaled 78.30%. Based on annual data, BBD earned $13.62 billion in gross profit and brought in $22.15 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.40%. Return on equity (ROE) for the past 12 months was 15.00%.

While analysts expected Banco Bradesco S.A. to report $0.12 quarterly earnings, the actual figure was $0.09 per share, beating the consensus estimate by -25.00%.

Technical Picture

This quick technical analysis looks at Banco Bradesco S.A.’s (BBD) price momentum. With a historical volatility rate of 27.89%, the RSI 9-day stood at 31.03% on 23 November.

With respect to its five-day moving average, the current Banco Bradesco S.A. price is up by +2.15% percent or $0.06. At present, BBD shares trade -18.57% below its 20-day simple moving average and -10.09% percent below its 100-day simple moving average. However, the stock is currently trading approximately -23.39% below its SMA50 and -27.26% below its SMA200.

Stochastic coefficient K was 11.75% and Stochastic coefficient D was 12.75%, while ATR was 0.14. Given the Stochastic reading of 10.66% for the 14-day period, the RSI (14) reading has been calculated as 33.02%. As of today, the MACD Oscillator reading stands at 0.02, while the 14-day reading stands at -0.16.

Analyst Ratings

JP Morgan upgraded its rating on Banco Bradesco S.A. (NYSE: BBD) to an Overweight in a note to investors on November 17, 2022. The analysts firm previously had a Neutral rating on the stock.

With a median target price of $4.35, the current consensus forecast for the stock is $3.50 – $5.20. Based on these forecasts, analysts predict Banco Bradesco S.A. (BBD) will achieve an average price target of $4.35.

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