Banco Bradesco (BBD) Stock Rating Upgraded by ValuEngine
Several other research analysts have also issued reports on the company. Zacks Investment Research lowered Banco Bradesco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Scotiabank lowered Banco Bradesco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, February 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Banco Bradesco has an average rating of “Hold” and a consensus price target of $10.00.
NYSE:BBD opened at $9.54 on Monday. Banco Bradesco has a 12-month low of $5.41 and a 12-month high of $10.46. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $75.18 billion, a PE ratio of 13.44, a P/E/G ratio of 0.53 and a beta of 0.93.
Hedge funds have recently bought and sold shares of the business. Duff & Phelps Investment Management Co. bought a new position in Banco Bradesco during the fourth quarter worth about $10,290,000. BNP Paribas Arbitrage SA lifted its holdings in Banco Bradesco by 98.9% during the first quarter. BNP Paribas Arbitrage SA now owns 764,762 shares of the bank’s stock worth $8,344,000 after acquiring an additional 380,226 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Banco Bradesco during the fourth quarter worth about $1,860,000. Baillie Gifford & Co. lifted its holdings in Banco Bradesco by 5.7% during the fourth quarter. Baillie Gifford & Co. now owns 21,015,442 shares of the bank’s stock worth $207,843,000 after acquiring an additional 1,136,159 shares in the last quarter. Finally, Marietta Investment Partners LLC bought a new position in Banco Bradesco during the first quarter worth about $2,853,000. Hedge funds and other institutional investors own 2.47% of the company’s stock.
About Banco Bradesco
Banco Bradesco SA, together with its subsidiaries, provides banking and financial products and services to individuals, corporates, and businesses in Brazil and internationally. It operates through two segments, Banking and Insurance. The company accepts checking and savings accounts, demand deposits, time deposits, and interbank deposits.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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