BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down – Should You Sell?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $7.26, but opened at $6.87. BB Seguridade Participacoes shares last traded at $6.8540, with a volume of 2,376 shares changing hands.

Analysts Set New Price Targets

BBSEY has been the topic of several recent analyst reports. The Goldman Sachs Group downgraded shares of BB Seguridade Participacoes to a “neutral” rating in a research note on Friday, February 13th. Zacks Research raised shares of BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Finally, Itau BBA Securities downgraded shares of BB Seguridade Participacoes to an “underperform” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, BB Seguridade Participacoes has an average rating of “Hold”.

BB Seguridade Participacoes Stock Down 0.4%

The firm has a market cap of $13.34 billion, a PE ratio of 8.28 and a beta of 0.39. The firm’s 50 day moving average is $6.85 and its 200-day moving average is $6.68.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last announced its quarterly earnings results on Monday, February 9th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $486.61 million for the quarter, compared to analyst estimates of $509.09 million. BB Seguridade Participacoes had a net margin of 87.29% and a return on equity of 80.16%. On average, analysts forecast that BB Seguridade Participacoes SA will post 0.86 earnings per share for the current year.

About BB Seguridade Participacoes

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).