Banco Bradesco S.A. (BBD): Analysis On Financial Stock


Banco Bradesco S.A. (NYSE:BBD) changes shares on Tuesday trading session, with a change of -2.33% or -$0.1 shares. The trading starts at $4.10 and closed at $4.15 throughout the day. The trading session low price was $3.955 and day high was $4.1775 on Tuesday, August 04. After the session, the Financial sector daily volume shifted to 29.97 million while its average volume is 22.20M. In other hand, the BBD market cap reached to $35.78B. While, its current target price is $6.38.

On July 31, 2020, Exclusive: Bradesco plans long-term remote work, eyes 5-7% in cost savings. According to the news reported on Reuters, Brazilian lender Banco Bradesco SA plans to have employees work from home an average of one week per month permanently in order to save on rent and sell some real estate, Chief Executive Octavio de Lazari Junior said in an interview.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -11.11% and down -2.79% for month. Its quarterly performance was 24.34% above, while its half year performance is down -42.16%. BBD yearly performance stood at negative -44.31% and fall -49.79% for year-to-date. Current recommendation for Banco Bradesco S.A. is 1.90.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. BBD EPS (TTM) for 12-month is 0.70. EPS for this year is -43.20%, while for the next year its value is 0.53. Sales growth for the current quarter is 3.62 while its EPS Q/Q reached -41.90%. It has an EPS of -2.51% down for past five years and for the next five years will be up 1.60%.

Let’s take a look on the analyst recommendations on BBD for the current month and previous month. For the current month, 13 of 15 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 14 analysts participate in stock recommendation. Out of 14, 0 rated it sell, 13 rated it as Buy and 1 as Hold Ratings. On the other hand, target price ranges from $4.74 – $7.47. Average target price for BBD was reached at $5.78.

The insider ownership moved to 0.01% and institutional holding shifted to 20.17%.

The company posted an EPS (TTM) of 0.70. According to the most recent quarter report on (Sep 2020), 4 analysts estimated an average EPS of 0.09, while 0.18 EPS posted a year ago period. Analyst Estimated EPS for BBD published in the report was $0.07 – $0.11 during the same period. Comparing with last year, the average estimated EPS was 0.18 which is higher than 0.08 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for BBD fall -26.35% for period of 200 days. SMA for 50 days was -1.63% which is showing red signal, while SMA-20 was -4.95%. The moving average value for Banco Bradesco S.A. (BBD) is 4.7975 and 4.1617 for 200 and 50 days respectively.