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

BB Seguridade Participacoes SA (OTCMKTS:BBSEY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $7.43, but opened at $6.96. BB Seguridade Participacoes shares last traded at $7.04, with a volume of 28,204 shares traded.

Analysts Set New Price Targets

A number of research firms have weighed in on BBSEY. Zacks Research raised shares of BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Itau BBA Securities lowered shares of BB Seguridade Participacoes to an “underperform” rating in a research report on Wednesday, April 15th. Finally, The Goldman Sachs Group lowered shares of BB Seguridade Participacoes to a “neutral” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, BB Seguridade Participacoes currently has an average rating of “Hold”.

BB Seguridade Participacoes Stock Down 6.5%

The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 7.99 and a beta of 0.38. The stock’s 50-day moving average price is $6.94 and its 200 day moving average price is $6.80.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. BB Seguridade Participacoes had a net margin of 87.73% and a return on equity of 83.33%. The firm had revenue of $471.89 million during the quarter, compared to analyst estimates of $529.60 million. On average, research analysts predict that BB Seguridade Participacoes SA will post 0.87 EPS 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).