At the time of writing, Banco Bradesco S.A. ADR [BBD] stock is trading at $2.09, up 3.98%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BBD shares have gain 2.45% over the last week, with a monthly amount drifted -10.68%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Banco Bradesco S.A. ADR [NYSE: BBD] stock has seen the most recent analyst activity on November 25, 2024, when JP Morgan downgraded its rating to a Neutral. Previously, Goldman upgraded its rating to Buy on August 19, 2024, and elevated its price target to $3.20. On February 21, 2024, upgrade upgraded it’s rating to Neutral. Jefferies downgraded its rating to a Hold. Goldman downgraded its rating to a Sell. HSBC Securities downgraded its rating to Hold for this stock on January 08, 2024. In a note dated October 16, 2023, Jefferies initiated an Buy rating and provided a target price of $3.50 on this stock.
For the past year, the stock price of Banco Bradesco S.A. ADR fluctuated between $2.01 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 $2.09 at the most recent close of the market. An investor can expect a potential return of 53.11% 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. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.32.
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 2.06 points at the first support level, and at 2.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.12, and for the 2nd resistance point, it is at 2.14.
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 0.19, the price to book ratio is 0.72 and price to earnings (TTM) ratio is 7.95.
