Banco Bradesco S.A. ADR [BBD] stock is trading at $1.96, up 2.62%. 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 1.55% over the last week, with a monthly amount drifted -3.35%, 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.
Banco Bradesco S.A. ADR [BBD] stock has fluctuated between $1.79 and $3.27 over the past year. 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 $1.96 at the most recent close of the market. An investor can expect a potential return of 63.27% based on the average BBD price forecast.
Analyzing the BBD fundamentals
Banco Bradesco S.A. ADR [NYSE:BBD] reported sales of 57.33B for the trailing twelve months, which represents a drop of -14.80%. 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 1.8800 points at the first support level, and at 1.8000 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.0200, and for the 2nd resistance point, it is at 2.0800.
Ratios To Look Out For
For context, Banco Bradesco S.A. ADR’s Current Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 0.18, the price to book ratio is 0.68 and price to earnings (TTM) ratio is 7.45.
