BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Up – Time to Buy?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) shares gapped up prior to trading on Thursday . The stock had previously closed at $7.89, but opened at $8.34. BB Seguridade Participacoes shares last traded at $8.3520, with a volume of 5,775 shares traded.

Analysts Set New Price Targets

BBSEY has been the topic of a number of research analyst reports. Itau BBA Securities upgraded BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research report on Tuesday, June 16th. Zacks Research upgraded BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

BB Seguridade Participacoes Stock Performance

The company’s 50-day moving average is $7.82 and its 200-day moving average is $7.30. The firm has a market cap of $15.86 billion, a price-to-earnings ratio of 9.08 and a beta of 0.38.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.04. BB Seguridade Participacoes had a net margin of 87.94% and a return on equity of 78.75%. The firm had revenue of $508.16 million during the quarter, compared to analysts’ expectations of $489.08 million. On average, 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).