Banco Bradesco S.A. [BBD] gain 16.09% so far this year. What now?

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Banco Bradesco SA [NYSE: BBD] Loss -2.19% or -0.08 points to close at $3.58 with a heavy trading volume of 3,2397173 shares.


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The trading session opened at $3.59, shares rose to $3.6175, and fell to $3.53, which is the range in which the share price has traded all day. The BBD daily chart indicates that the company posted a loss of -4.61% over the past six months. However, it is still -22.6% lower than the most recent trading low.

If we look at the average trading volume of 28.30 million shares, BBD reached a volume of 3,2397173 on the last trading day, which is why market watchers consider the stock to be active.

Here’s What Top Stock Market Experts Say About Banco Bradesco SA [BBD]:

Based on careful and fact-backed analysis by Wall Street experts, the current consensus on a target price for BBD shares is $4.83 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for BBD stock is a set recommendation at 2.00. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

Barclays has made an appreciation for Banco Bradesco SA stock, while maintaining their opinion of the stock as Overweight, with their previous recommendation back on January 24, 2022. The new note on price target was issued on September 13, 2021, which is the official price target for Banco Bradesco SA stock.

The Average True Range (ATR) of Banko Bradsko SA is set at 0.10, with a price-to-sales ratio for the BBD stock in the last twelve months period of 2.42. The price-to-book ratio for the most recent quarter was 0.62, with the price-to-cash ratio for the stock in the same quarter set at 0.00.

BBD stock trading performance analysis

Banco Bradesco SA [BBD] It fell into the red at the end of last week, fell in a negative direction and fell by -4.28. With this latest performance, BBD shares are down -5.69% over the past four-week period, as well as down -4.61% over the past six months – not to mention a 1.16% rise in the past year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for BBD stock for the last two weeks is set at 43.82, with the RSI for the last one trading at 36.95, and the three-week RSI is set at 47.14 for Bank Bradesco SA [BBD]. The current moving average for the last 50 trading days for this stock is 3.50, while it recorded at 3.69 for the last trading week, and 3.62 for the last 200 days.

Banco Bradesco SA [BBD]A deeper look at fundamental analysis

Operating margin for any stock indicates how profitable the investment is, Banco Bradesco SA [BBD] The equity’s current operating margin is +12.92. Banco Bradesco SA’s net margin is currently at +9.41.

The return on equity for this stock increased to 15.09, with the return on assets remaining at 1.35.

Banco Bradesco SA [BBD]Earnings per share (EPS) analysis

The company’s progress can be seen through the perspective of the EPS growth rate, while Wall Street analysts focus on forecasting the 5-year EPS growth rate for BBD. When it comes to the stated value, analysts expect Banco Bradesco SA’s 5-year EPS growth rate to rise to 1.60%.

Internal Property Analysis at Banco Bradesco SA [BBD]

There are currently approximately $3,178 million, or 17.90% of BBD’s equity, in the hands of institutional investors. The three largest corporate owners of BBD shares are: ABRDN PLC with ownership of 90,280,790, which is approximately 0.04% of the company’s market capitalization and approximately 35.30% of the total institutional ownership; SPRUCEGROVE INVESTMENT MANAGEMENT LTD, which owns 7,6362,691 shares with an approximate value of $273.38 million of BBD stock; and GOLDMAN SACHS GROUP INC, which currently owns $225.01 million of BBD stock with ownership of approximately 122.871% of the company’s market capitalization.

Positions in Banco Bradesco SA shares held by institutional investors increased at the end of August and at the time of reporting in August, as 100 institutional owners consolidated their positions in Banco Bradesco SA [NYSE:BBD] About 105,559,911 shares. In addition, 142 investors decreased their positions by 86116,167 shares, while 16 investors occupied positions by 696,035.545 shares. The said changes put institutional holdings at 887,711,623 shares, according to the latest report from the Securities and Exchange Commission. BBD 30 stock had new institutional investments totaling 2,401,577 shares, while 21 institutional investors sold positions worth 19,346,351 shares during the same period.

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