Banco Do Brasil (OTCMKTS:BDORY) Stock Price Up 5.5% – Should You Buy?

Banco Do Brasil SA (OTCMKTS:BDORY)’s share price rose 5.5% on Friday . The stock traded as high as $4.10 and last traded at $4.0950. Approximately 167,575 shares were traded during mid-day trading, a decline of 66% from the average session volume of 494,892 shares. The stock had previously closed at $3.88.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Banco Do Brasil Stock Performance

The stock has a market cap of $23.47 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 0.33 and a beta of 0.41. The stock has a fifty day moving average of $4.06 and a 200-day moving average of $4.42. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.56.

Banco Do Brasil (OTCMKTS:BDORY) last posted its quarterly earnings data on Wednesday, May 13th. The financial services provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Banco Do Brasil had a return on equity of 8.86% and a net margin of 3.34%.The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $7.84 billion. On average, equities analysts forecast that Banco Do Brasil SA will post 0.66 EPS for the current year.

Banco Do Brasil Company Profile

Banco do Brasil SA is one of Brazil’s largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country’s financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank’s activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.