Banco Bradesco SA (BBD) Receives $12.40 Consensus PT from Brokerages

Shares of Banco Bradesco SA (NYSE:BBD) have received an average rating of “Buy” from the six research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $12.20.

A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Banco Bradesco from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Goldman Sachs Group raised shares of Banco Bradesco from a “neutral” rating to a “buy” rating and set a $12.40 target price on the stock in a research note on Monday, September 11th. Finally, ValuEngine lowered shares of Banco Bradesco from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cutler Investment Counsel LLC purchased a new position in Banco Bradesco in the 3rd quarter worth approximately $131,000. Empirical Finance LLC purchased a new position in Banco Bradesco in the 3rd quarter worth approximately $144,000. Fox Run Management L.L.C. purchased a new position in Banco Bradesco in the 3rd quarter worth approximately $183,000. Stifel Financial Corp lifted its stake in Banco Bradesco by 102.6% in the 2nd quarter. Stifel Financial Corp now owns 21,830 shares of the bank’s stock worth $186,000 after purchasing an additional 11,057 shares in the last quarter. Finally, QCM Cayman Ltd. purchased a new position in Banco Bradesco in the 2nd quarter worth approximately $228,000. 2.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of Banco Bradesco (NYSE:BBD) traded up $0.13 during trading on Tuesday, reaching $10.97. 5,474,046 shares of the company were exchanged, compared to its average volume of 6,740,825. The stock has a market cap of $64,920.00, a price-to-earnings ratio of 12.05, a PEG ratio of 0.96 and a beta of 1.72. Banco Bradesco has a 1 year low of $7.83 and a 1 year high of $11.86.

The firm also recently announced a special dividend, which will be paid on Monday, February 12th. Shareholders of record on Thursday, January 4th will be paid a $0.0057 dividend. This represents a yield of 29.41%. The ex-dividend date is Wednesday, January 3rd. Banco Bradesco’s dividend payout ratio (DPR) is 27.47%.

COPYRIGHT VIOLATION NOTICE: “Banco Bradesco SA (BBD) Receives $12.40 Consensus PT from Brokerages” was reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://transcriptdaily.com/2018/01/06/banco-bradesco-sa-bbd-receives-12-40-consensus-pt-from-brokerages.html.

About Banco Bradesco

Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

Receive News & Ratings for Banco Bradesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Bradesco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply