Banco Bradesco S.A. ADR [BBD] stock prices are up 1.05% to $2.88 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BBD shares have gain 2.13% over the last week, with a monthly amount glided 4.87%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Banco Bradesco S.A. ADR [NYSE: BBD] stock has seen the most recent analyst activity on February 21, 2024, when Goldman upgraded its rating to a Neutral. Previously, Jefferies downgraded its rating to Hold on February 09, 2024. On January 09, 2024, downgrade downgraded it’s rating to Sell. HSBC Securities downgraded its rating to a Hold. Jefferies initiated its recommendation with a Buy and recommended $3.50 as its price target on October 16, 2023. Goldman downgraded its rating to Neutral for this stock on February 16, 2023, but kept the price target unchanged to $2.70. In a note dated November 17, 2022, JP Morgan upgraded an Overweight rating on this stock.
The stock price of Banco Bradesco S.A. ADR [BBD] has been fluctuating between $2.19 and $3.55 over the past year. Banco Bradesco S.A. ADR [NYSE: BBD] shares were valued at $2.88 at the most recent close of the market.
Analyzing the BBD fundamentals
The Banco Bradesco S.A. ADR [NYSE:BBD] reported sales of 61.27B for trailing twelve months, representing a drop of -6.73%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.73.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.85 points at the first support level, and at 2.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.90, and for the 2nd resistance point, it is at 2.93.
Banco Bradesco S.A. ADR [BBD] reported earnings per share of $0.06 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.08/share, meaning a difference of -$0.02 and a surprise factor of -25.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.09 per share as compared to estimates of $0.09 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
It’s worth pointing out that Banco Bradesco S.A. ADR [NYSE:BBD]’s Current Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 0.90 and price to earnings (TTM) ratio is 10.80.
