The stock of Banco Bradesco S.A. (NYSE:BBD) increased by $0.09 on Monday to finish at $3.13, up 2.96 percent. The last five days have seen an average of 16,884,801 shares of common stock traded. 23 times new highs were reached in the current year, with a gain of $0.25. The average number of shares traded over the last 20 days was 24,886,439, while the average volume over the last 50 days totaled 22,082,518.
BBD stock dropped -10.21% since last month. On 08/17/23, the company’s shares reached a one-month low of $2.98. The stock touched a high of $3.90 on 06/21/23, after rallying from a low of $2.30 in 52 weeks. The price of BBD stock has risen by 15.70% or $0.25 this year, reaching a new high 23 times. Still, the stock price is down -19.72% from the 52-week high.
Valuation Metrics
Banco Bradesco S.A. (BBD) has a trailing price-to-earnings (P/E) ratio of 9.05. Beta for the stock is 0.79. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.08, the price-to-book (PB) ratio of 1.05.
Company paid $0.0039 per share in dividends, remained unchanged from $0.0039 last year.
Financial Health
Banco Bradesco S.A.’s operating margin stood at 53.80% for the same period. Based on annual data, it had gross profit of $13.42 billion and revenue of $38.86 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BBD’s return on assets (ROA) during the last 12 months has been 1.00%. There was a 9.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 11.60%.
Earnings Surprise
According to Banco Bradesco S.A.’s quarterly financial report for the quarter that ended June 29. It was predicted that Banco Bradesco S.A.’s quarterly earnings would be $0.08, but it ended up being $0.09, beating the consensus by -11.10%. At the end of Banco Bradesco S.A.’s most recent quarter ended June 29, its total debt was $622.58 billion.
Technical Picture
Here’s a quick look at Banco Bradesco S.A.’s (BBD) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 50.39%, suggesting the stock is Neutral, with a 30.02% historical volatility rate.
The stochastic %K and %D were 40.00% and 36.17% respectively, while the average true range (ATR) was 0.09. Based on the 14-day stochastic reading of 66.67%, the RSI (14) reading is 46.35%. On the 9-day MACD Oscillator, the stock is at 0.01.
Analyst Ratings
Banco Bradesco S.A. (NYSE: BBD) was downgraded by Goldman to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Banco Bradesco S.A. (BBD) an Overweight rating. BBD is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is BBD’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.50 and $5.10, with a median target price of $4.20. In analyzing these forecasts, the average price target given by analysts for Banco Bradesco S.A. (BBD) is $4.27.
