While Banco Bradesco S.A. ADR has underperformed by -0.94%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BBD rose by 18.09%, with highs and lows ranging from $3.55 to $2.19, whereas the simple moving average fell by -9.17% in the last 200 days.
On February 21, 2024, Goldman Upgraded Banco Bradesco S.A. ADR (NYSE: BBD) to Neutral. A report published by Jefferies on February 09, 2024, Downgraded its rating to ‘Hold’ for BBD. Jefferies initiated its ‘Buy’ rating for BBD, as published in its report on October 16, 2023. Goldman’s report from February 16, 2023 suggests a price prediction of $2.70 for BBD shares, giving the stock a ‘Neutral’ rating. JP Morgan also rated the stock as ‘Overweight’.
Analysis of Banco Bradesco S.A. ADR (BBD)
A return on investment can be expected regardless of BBD’s performance over the next quarter with the dividend set at $0.08 per share. Further, the quarter-over-quarter decrease in sales is -6.73%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Banco Bradesco S.A. ADR’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 8.84% is sufficient for you to turn a profit off your investment.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and BBD is recording an average volume of 17.29M. On a monthly basis, the volatility of the stock is set at 2.40%, whereas on a weekly basis, it is put at 1.95%, with a loss of -0.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.75, showing growth from the present price of $2.76, which can serve as yet another indication of whether BBD is worth investing in or should be passed over.
How Do You Analyze Banco Bradesco S.A. ADR Shares?
A leading company in the Banks – Regional sector, Banco Bradesco S.A. ADR (BBD) is based in the Brazil. When comparing Banco Bradesco S.A. ADR shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 10.35, there is a growth in quarterly earnings of 94.29%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.00%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 18.21% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BBD shares are owned by institutional investors to the tune of 18.21% at present.
