Banco Bradesco S.A. ADR (NYSE:BBD) has a beta value of 0.99 and has seen 25.69 million shares traded in the last trading session. The company, currently valued at $14.14B, closed the last trade at $2.67 per share which meant it gained $0.06 on the day or 2.30% during that session. The BBD stock price is -27.72% off its 52-week high price of $3.41 and 19.48% above the 52-week low of $2.15. If we look at the company’s 10-day average daily trading volume, we find that it stood at 30.73 million shares traded. The 3-month trading volume is 28.31 million shares.
The consensus among analysts is that Banco Bradesco S.A. ADR (BBD) is Buy stock at the moment, with a recommendation rating of 1.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 5 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.09.
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Banco Bradesco S.A. ADR (NYSE:BBD) trade information
Sporting 2.30% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BBD stock price touched $2.67 or saw a rise of 2.91%. Year-to-date, Banco Bradesco S.A. ADR shares have moved -20.46%, while the 5-day performance has seen it change -2.20%. Over the past 30 days, the shares of Banco Bradesco S.A. ADR (NYSE:BBD) have changed -4.64%. Short interest in the company has seen 15.77 million shares shorted with days to cover at 0.46.
Wall Street analysts have a consensus price target for the stock at $3.2, which means that the shares’ value could jump 16.56% from current levels. The projected low price target is $3.2 while the price target rests at a high of $3.2. In that case, then, we find that the current price level is -19.85% off the targeted high while a plunge would see the stock gain -19.85% from current levels.
Banco Bradesco S.A. ADR (BBD) estimates and forecasts
Figures show that Banco Bradesco S.A. ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 2.72% over the past 6 months, with this year growth rate of 16.67%, compared to 4.40% for the industry. Revenue growth from the last financial year stood is estimated to be 12.10%.
2 analysts offering their estimates for the company have set an average revenue estimate of 5.32B for the current quarter. 2 have an estimated revenue figure of 5.68B for the next ending quarter. Year-ago sales stood 4.38B and 5.21B respectively for this quarter and the next, and analysts expect sales will grow by 21.40% for the current quarter and 12.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -11.30% over the past 5 years. Earnings growth for 2024 is a modest 8.11% while over the next 5 years, the company’s earnings are expected to increase by 25.80%.
BBD Dividends
Banco Bradesco S.A. ADR is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.04 at a share yield of 1.49%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.0%.
Banco Bradesco S.A. ADR (NYSE:BBD)’s Major holders
The top two institutional holders are BLACKROCK INC. with over 73.39 million shares worth more than $164.38 million. As of 2024-06-30, BLACKROCK INC. held 0.691% of shares outstanding.
The other major institutional holder is SPRUCEGROVE INVESTMENT MANAGEMENT LTD, with the holding of over 72.74 million shares as of 2024-06-30. The firm’s total holdings are worth over $162.94 million and represent 0.685% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard International Value Fund and MFS Series Trust X-MFS Emerging Markets Equity Fund . As of Jul 31, 2024 , the former fund manager holds about 0.66% shares in the company for having 35.18 shares of worth $93.94 million while later fund manager owns 29.43 shares of worth $78.57 million as of May 31, 2024 , which makes it owner of about 0.55% of company’s outstanding stock.
