In last trading session, Banco Bradesco S.A. ADR (NYSE:BBD) saw 31.28 million shares changing hands with its beta currently measuring 0.99. Company’s recent per share price level of $2.66 trading at -$0.01 or -0.37% at ring of the bell on the day assigns it a market valuation of $14.09B. That closing price of BBD’s stock is at a discount of -28.2% from its 52-week high price of $3.41 and is indicating a premium of 19.17% from its 52-week low price of $2.15. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 30.14 million shares which gives us an average trading volume of 29.21 million if we extend that period to 3-months.
For Banco Bradesco S.A. ADR (BBD), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 5 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.09 in the current quarter.
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Banco Bradesco S.A. ADR (NYSE:BBD) trade information
Upright in the red during last session for losing -0.37%, in the last five days BBD remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $2.66 price level, adding 1.48% to its value on the day. Banco Bradesco S.A. ADR’s shares saw a change of -20.76% in year-to-date performance and have moved 1.92% in past 5-day. Banco Bradesco S.A. ADR (NYSE:BBD) showed a performance of -3.27% in past 30-days. Number of shares sold short was 15.77 million shares which calculate 0.46 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3.2 to the stock, which implies a rise of 16.88% to its current value. Analysts have been projecting 3.2 as a low price target for the stock while placing it at a high target of 3.2. It follows that stock’s current price would drop -20.3% in reaching the projected high whereas dropping to the targeted low would mean a loss of -20.3% for stock’s current value.
Banco Bradesco S.A. ADR (BBD) estimates and forecasts
Statistics highlight that Banco Bradesco S.A. ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 4.66% of value to its shares in past 6 months, showing an annual growth rate of 16.67% while that of industry is 5.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 12.10% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 5.32B for the same. And 2 analysts are in estimates of company making revenue of 5.68B in the next quarter. Company posted 4.38B and 5.21B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -11.30% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 7.97% while estimates for its earnings growth in next 5 years are of 25.80%.
BBD Dividends
Banco Bradesco S.A. ADR is more likely to be releasing its next quarterly report on 2024-Oct-31 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.50%, the share has a forward dividend of 0.04 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.0%.
Banco Bradesco S.A. ADR (NYSE:BBD)’s Major holders
BLACKROCK INC. is the top institutional holder at BBD for having 73.39 million shares of worth $164.38 million. And as of 2024-06-30, it was holding 0.691 of the company’s outstanding shares.
The second largest institutional holder is SPRUCEGROVE INVESTMENT MANAGEMENT LTD, which was holding about 72.74 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.685 of outstanding shares, having a total worth of $162.94 million.
