BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Up – What’s Next?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) gapped up before the market opened on Tuesday. The stock had previously closed at $7.80, but opened at $8.35. BB Seguridade Participacoes shares last traded at $8.32, with a volume of 3,835 shares traded.

Analysts Set New Price Targets

Several research analysts recently weighed in on BBSEY shares. Zacks Research upgraded shares of BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Itau BBA Securities raised shares of BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a report on Tuesday, June 16th. Finally, Citigroup lowered BB Seguridade Participacoes to a “sell” rating in a research report on Friday, September 11th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

BB Seguridade Participacoes Price Performance

The firm has a 50-day moving average of $7.81 and a 200 day moving average of $7.46. The stock has a market capitalization of $15.78 billion, a price-to-earnings ratio of 9.03 and a beta of 0.39.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. BB Seguridade Participacoes had a net margin of 87.94% and a return on equity of 79.22%. The firm had revenue of $508.16 million for the quarter, compared to analyst estimates of $489.08 million. On average, equities analysts forecast that BB Seguridade Participacoes SA will post 0.87 earnings per share for the current year.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a Brazilian holding company focused on insurance, brokerage, and related financial-protection businesses. The company operates through subsidiaries and investee companies that offer products designed to protect individuals, families, farmers, and businesses against a range of risks.

Its activities include the distribution and brokerage of insurance products, including life, property, rural, auto, and other coverage, as well as private pension and capitalization products.