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Main » Banco Bradesco (BBD) Receives Consensus Recommendation of "Buy" from Brokerages

Banco Bradesco (BBD) Receives Consensus Recommendation of "Buy" from Brokerages

14 May 2018

Banco Bradesco S.A. (BBD) stock price traded downswing along with the volume 7.7 million shares in last session. The stock managed -3.19% fall and now stands at $9.11 as of 05/11/2018. The company had a trading volume of 2,900 shares, compared to its average volume of 5,615.

When we see the company's Volatility, it now has a monthly volatility of 2.41% and weekly volatility of 2.24%. The recent change has given its price a -10.92% deficit over SMA 50 and -23.81% deficit over its 52-week high. The Company kept a record of 16 billion floated shares and 16.16 billion shares outstanding. Sprucegrove Investment Management Ltd who had been investing in Banco Bradesco S A for a number of months, seems to be less bullish one the $61.48B market cap company. Zacks Investment Research lowered Banco Bradesco from a "hold" rating to a "sell" rating in a research report on Tuesday, April 17th. The bank reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.03. Banco Bradesco's dividend payout ratio is presently 6.74%.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Its book value per share for the most recent quarter is $4.9 while its price to book ratio for the same period is 1.86, as for as the company's cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. About 1.47 million shares traded. The company's price to earnings growth PEG ratio is stands at 0.71 and Forward P/E is noted at 10.12. Similar statistics are true for the second largest owner, Standard Life Aberdeen Plc, which owns 165,409,318 shares of the stock are valued at $1.56 billion.

Price targets show what analysts believes a stock will be worth at the end of a certain time period.

ROA ratio indicates how profitable a company is relative to its total assets. This could prove to be a poor investment. The Lower end of the earnings estimate is $0.19, while the higher end of the earnings estimate is $0.24.

Hedge funds have recently bought and sold shares of the stock.

A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. There are advantages to using a moving average in your trading, as well options on what type of moving average to use. Simple moving average analysis helps investors to quickly identify if a security is in an uptrend or downtrend. The average 12 month price objective among brokerages that have covered the stock in the past year is $12.40.