BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Up – Still a Buy?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) gapped up before the market opened on Tuesday . The stock had previously closed at $7.45, but opened at $8.40. BB Seguridade Participacoes shares last traded at $7.89, with a volume of 10,363 shares trading hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut BB Seguridade Participacoes to a “neutral” rating in a research note on Friday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, BB Seguridade Participacoes presently has an average rating of “Hold”.

BB Seguridade Participacoes Trading Down 9.2%

The firm has a market capitalization of $14.72 billion, a PE ratio of 8.87, a P/E/G ratio of 3.05 and a beta of 0.34. The firm has a 50 day simple moving average of $6.84 and a 200 day simple moving average of $6.42.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its earnings results on Monday, February 9th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. BB Seguridade Participacoes had a net margin of 87.29% and a return on equity of 78.13%. The business had revenue of $486.61 million for the quarter, compared to analysts’ expectations of $509.09 million. Research analysts forecast that BB Seguridade Participacoes SA will post 0.71 earnings per share for the current year.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).