At the time of writing, Banco Bradesco S.A. ADR [BBD] stock is trading at $2.39, up 0.42%. 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 3.46% over the last week, with a monthly amount drifted -10.03%, and not 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 August 19, 2024, when Goldman upgraded its rating to a Buy and also boosted its price target to $3.20 from $2.50. Previously, Goldman upgraded its rating to Neutral on February 21, 2024. On February 09, 2024, downgrade downgraded it’s rating to Hold. Goldman downgraded its rating to a Sell. HSBC Securities downgraded its rating to a Hold. Jefferies started tracking with a Buy rating for this stock on October 16, 2023, and assigned it a price target of $3.50. In a note dated February 16, 2023, Goldman downgraded an Neutral rating on this stock but restated the target price of $2.70.
For the past year, the stock price of Banco Bradesco S.A. ADR fluctuated between $2.15 and $3.41. Currently, Wall Street analysts expect the stock to reach $3.2 within the next 12 months. Banco Bradesco S.A. ADR [NYSE: BBD] shares were valued at $2.39 at the most recent close of the market. An investor can expect a potential return of 33.89% based on the average BBD price forecast.
Analyzing the BBD fundamentals
According to Banco Bradesco S.A. ADR [NYSE:BBD], the company’s sales were 57.33B for trailing twelve months, which represents an -14.80% plunge. Gross Profit Margin for this corporation currently stands at 1.28% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.32.
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 2.36 points at the first support level, and at 2.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.41, and for the 2nd resistance point, it is at 2.44.
Ratios To Look Out For
It is important to note that Banco Bradesco S.A. ADR [NYSE:BBD] has a current ratio of 0.41. Considering the valuation of this stock, the price to sales ratio is 0.22, the price to book ratio is 0.83 and price to earnings (TTM) ratio is 9.09.
