BidaskClub Downgrades Banco Bradesco SA (BBD) to Buy

Banco Bradesco SA logo
Influential Analyst Rating Changes: Oshkosh Corporation (OSK), Banco Bradesco SA (BBD)

13 August, 2017

According to analysts Banco Bradesco Sa (NYSE:BBD)'s minimum EPS for the current quarter is at $0.2 and can go high up to $0.24. Sprucegrove Investment Management Ltd. increased its stake in shares of Banco Bradesco SA by 10.4% in the second quarter. LLC now owns 10,961 shares of the bank's stock valued at $112,000 after buying an additional 466 shares during the last quarter.

Shares of Banco Bradesco SA (BBD) traded up 1.269% during mid-day trading on Friday, reaching $9.975. Nationwide Fund Advisors now owns 635,452 shares of the bank's stock valued at $6,507,000 after buying an additional 598,238 shares during the last quarter. LLC raised its stake in Banco Bradesco SA by 4.4% in the first quarter. World Asset Management Inc now owns 173,044 shares of the bank's stock worth $1,772,000 after buying an additional 2,459 shares during the period. Harding Loevner LP now owns 23,590,604 shares of the bank's stock valued at $200,520,000 after buying an additional 2,414,918 shares during the period. Past 5 years growth of Banco Bradesco Sa (NYSE:BBD) observed at -0.51%, looking forward for the next 5 years it has a strong prediction of 14.1% over growth.

Beta is also an important valuation ratio for analyzing the stock of the company, BBD has Beta of 1.81 while its industry and Sector's beta remains at 1.49 and 1.47 respectively.

FT reports, The 17 analysts offering 12 month price targets for Oshkosh Corp have a median target of 81.00, with a high estimate of 90.00 and a low estimate of 65.00. The company has a 50 day moving average of $9.20 and a 200-day moving average of $9.19.

The firm also recently declared a special dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 4th will be paid a dividend of $0.0058 per share. This dividend represents a yield of $0.69. The ex-dividend date was Wednesday the 2nd of August 2017. The value of the total investment in Banco Bradesco Sa American Depo went from $201,000 to $260,000 a change of $59,000 since the last quarter. If you are reading this article on another domain, it was stolen and republished in violation of United States and global copyright and trademark law. The correct version of this report can be read at

Covering sell-side analysts have recently weighed in on shares of, Inc. Zacks Investment Research raised shares of Banco Bradesco SA from a "hold" rating to a "buy" rating and set a $12.00 price objective on the stock in a report on Tuesday, April 18th. The stock of Banco Bradesco SA (ADR) (NYSE:BBD) has "Sell" rating given on Friday, April 8 by Citigroup.

Banco Bradesco Sa (NYSE:BBD)'s revenue estimates for the current quarter are $8.36 Billion according to 2 number of analysts, for the current quarter the company has high revenue estimates of $8.62 Billion in contradiction of low revenue estimates of $8.1 Billion. Equity analyst Scotiabank released its first research report on the stock with a rating of "Underperform". Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Banco Bradesco SA presently has an average rating of "Buy" and an average target price of $10.65.

Investec Asset Management North America Inc decreased its stake in Banco Bradesco Sa (BBD) by 3.3% based on its latest 2016Q4 regulatory filing with the SEC. The Bank's segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

Want to see what other hedge funds are holding BBD?

More news