Banco Bradesco S.A. ADR (NYSE: BBD) has a price-to-earnings ratio of 12.53x that is above its average ratio. Additionally, the 36-month beta value for BBD is 0.96. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The average price predicted by analysts for BBD is $4.15, which is $0.98 above the current price. The public float for BBD is 5.31B and currently, short sellers hold a 1.20% ratio of that float. The average trading volume of BBD on November 16, 2023 was 16.88M shares.
BBD) stock’s latest price update
Banco Bradesco S.A. ADR (NYSE: BBD)’s stock price has increased by 1.76 compared to its previous closing price of 3.12. However, the company has seen a 2.42% increase in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-10 that Banco Bradesco S.A. (NYSE:BBD ) Q3 2023 Earnings Call Transcript November 10, 2023 8:30 AM ET Company Participants Carlos Firetti – Business Controller and Market Relations Director Octavio de Lazari – CEO Cassiano Scarpelli – EVP and CFO Conference Call Participants Renato Meloni – Autonomous Mario Pierry – Bank of America Tito Labarta – Goldman Sachs Rafael Frade – Citibank Daniel Vaz – Safra Thiago Batista – UBS Bernardo Guttmann – XP Eduardo Rosman – BTG Yuri Fernandes – JPMorgan Anahy Rios – Santander Pedro Leduc – Itau BBA Carlos Firetti Hello.
BBD’s Market Performance
Banco Bradesco S.A. ADR (BBD) has experienced a 2.42% rise in stock performance for the past week, with a 11.55% rise in the past month, and a 4.85% rise in the past quarter. The volatility ratio for the week is 2.24%, and the volatility levels for the past 30 days are at 2.58% for BBD. The simple moving average for the past 20 days is 7.46% for BBD’s stock, with a 7.78% simple moving average for the past 200 days.
Analysts’ Opinion of BBD
Many brokerage firms have already submitted their reports for BBD stocks, with Jefferies repeating the rating for BBD by listing it as a “Buy.” The predicted price for BBD in the upcoming period, according to Jefferies is $3.50 based on the research report published on October 16, 2023 of the current year 2023.
BBD Trading at 9.01% from the 50-Day Moving Average
After a stumble in the market that brought BBD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.33% of loss for the given period.
Volatility was left at 2.58%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares surge +9.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.84% upper at present.
During the last 5 trading sessions, BBD rose by +2.10%, which changed the moving average for the period of 200-days by +16.36% in comparison to the 20-day moving average, which settled at $2.97. In addition, Banco Bradesco S.A. ADR saw 17.83% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BBD
Current profitability levels for the company are sitting at:
- +6.75 for the present operating margin
The net margin for Banco Bradesco S.A. ADR stands at +6.53. The total capital return value is set at 3.17, while invested capital returns managed to touch 5.93. Equity return is now at value 8.56, with 0.75 for asset returns.
Based on Banco Bradesco S.A. ADR (BBD), the company’s capital structure generated 353.75 points at debt to equity in total, while total debt to capital is 77.96. Total debt to assets is 31.11, with long-term debt to equity ratio resting at 144.28. Finally, the long-term debt to capital ratio is 31.80.
When we switch over and look at the enterprise to sales, we see a ratio of 1.83, with the company’s debt to enterprise value settled at 0.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.33.
In conclusion, Banco Bradesco S.A. ADR (BBD) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high..