Banco Bradesco S.A. ADR (NYSE:BBD)’s traded shares stood at 4.16 million during the latest session, with the company’s beta value hitting 0.94. At the last check today, the stock’s price was $2.16, to imply an increase of 4.35% or $0.09 in intraday trading. The BBD share’s 52-week high remains $3.41, putting it -57.87% down since that peak but still an impressive 6.48% since price per share fell to its 52-week low of $2.02. The company has a valuation of $11.44B, with an average of 34.07 million shares in intraday trading volume over the past 10 days and average of 32.00 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Banco Bradesco S.A. ADR (BBD), translating to a mean rating of 2.00. Of 5 analyst(s) looking at the stock, 1 analyst(s) give BBD a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.09.
Banco Bradesco S.A. ADR (NYSE:BBD) trade information
After registering a 4.35% upside in the latest session, Banco Bradesco S.A. ADR (BBD) has traded red over the past five days. The 5-day price performance for the stock is -4.42%, and -10.00% over 30 days. With these gigs, the year-to-date price performance is -35.57%. Short interest in Banco Bradesco S.A. ADR (NYSE:BBD) saw shorts transact 22.17 million shares and set a 0.78 days time to cover.
The extremes give us $3.2 and $3.2 for target low and target high price respectively. As such, BBD has been trading -48.15% off suggested target high and -48.15% from its likely low.
Banco Bradesco S.A. ADR (BBD) estimates and forecasts
Looking at statistics comparing Banco Bradesco S.A. ADR share performance against respective industry, we note that the company has outperformed competitors. Banco Bradesco S.A. ADR (BBD) shares are -10.38% down over the last 6 months, with its year-to-date growth rate higher than industry average at 13.33% against 6.00%. The rating firms project that company’s revenue will grow 2.79% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 32.64B. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 31.86B.Earnings reports from the last fiscal year show that sales brought in 29.9B and 28.01B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 9.16% before jumping 13.74% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -11.30% for the past 5-year period. While 2024 is set for a 6.45% return in earnings, projections for the next 5 years are at 25.80% annually.
BBD Dividends
Banco Bradesco S.A. ADR has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Banco Bradesco S.A. ADR has a forward dividend ratio of 0.05, with the share yield ticking at 2.29% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 4.15%.
Banco Bradesco S.A. ADR (NYSE:BBD)’s Major holders
The next major institution holding the largest number of shares is SPRUCEGROVE INVESTMENT MANAGEMENT LTD with 72.74 million shares, or about 0.685% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $162.94 million.
