The Banco Bradesco S.A. (NYSE:BBD) is going up by 1.74% in today’s trading session, a rise equivalent to 0.14% of the stock’s price from yesterday’s market close. A news came out on 06/19/19 stating that This fund manager goes his own way in China by looking beyond the trade spat by MARKETWATCH. The lowest point that the shares touched during the trading session was $7.865, while the peak of the day was recorded at a share price of $8.13. BBD finished the previous session at $8.04 according to the data provided by Barchart, while the trading volume was observed to be $5440581.
In the 100 days of trading, BBD managed to top a 8.89% Moving average. Additionally, Banco Bradesco S.A. shares have achieved a 52-week range between 6.69 and 10.54 alongside 100 days raw stochastic set at 20.73%.
The number of shares outstanding, according to the fundamentals of the company, is set at 8.03B, equal to the value of $64.58B in market capitalization. In the last 30 days, Banco Bradesco S.A. shares went down by -3.77%, adding 8.48 to growth in value, on top of a +6.25% boost since 09/10/19.
Banco Bradesco S.A. (NYSE:BBD) Analyst’s Estimates
Banco Bradesco S.A. (BBD) could record at least $0.20 per share in quarterly earnings in the upcoming report on 10/31/2019, a number that would actually represent an increase of 0.89 YOY.
According to the average analyst rating, Banco Bradesco S.A. would be rated as Overweight. Out of 13 different analysts monitoring BBD stock, 8 analysts rate the stock as a BUY, 3 suggest to give the rating of HOLD, 0 indicate that BBD is an OVERWEIGHT, 2 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On August 07, 2019, the stock earned a Upgrade rating due to a new analyst call from Morgan Stanley, while analysts from Goldman believe that the stock is set at Sell, as concluded on June 10, 2019. JP Morgan, is still rather wary about the stock, deciding to keep the rating at Overweight as confirmed through a call on January 22, 2018.
Citigroup, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on November 30, 2016, giving the stock a Buy rating.
BBD Key Ratios To Watch:
Taking in account the profitability of the Company, the operating margin has been recorded at +10.56. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 1.53%. Additionally, Banco Bradesco S.A. is recording price volatility of 2.94% for the period of the last seven days and 2.52% in the last 30 days.
Banco Bradesco S.A. (NYSE:BBD) Technical Outlook
For the period of the last 50 days, Banco Bradesco S.A. had its Raw Stochastic average set at 36.23% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 71.64%. Stochastic %K for Banco Bradesco S.A., with the last 20 days included, was set at 46.80%, having Stochastic %D topping 34.39%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Banco Bradesco S.A. stocks with recording -1.50% in metrics.
Banco Bradesco S.A. Insider Watch:
Similarly, 21.27% of the company’s float is held by institutions – and there are 355 institutions in total holding shares of this company. The top three institutional holders of BBD stocks are: Standard Life Aberdeen PLC with ownership of $1.1 billion, which is approximately 112379703 of the company’s shares; Vanguard Group, Inc. (The), holding 42632672 shares of the stock with an approximate value of $418.65 million; and Schroder Investment Management Group, currently with more than 42610645 shares of the company valued at $418.44 million. Positions in Banco Bradesco S.A. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 0 insider purchases amounting to 0 shares.