Stocks like Banco Bradesco S.A. ADR [BBD] still have plenty of sunny days ahead

In yesterday’s Wall Street session, Banco Bradesco S.A. ADR (NYSE:BBD) shares traded at $3.01, down -2.59% from the previous session.

As of this writing, 1 analysts cover Banco Bradesco S.A. ADR (NYSE:BBD). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $3.50 and a low of $3.50, we find $3.50. Given the previous closing price of $3.09, this indicates a potential upside of 13.27 percent. BBD stock price is now 3.66% away from the 50-day moving average and 2.39% away from the 200-day moving average. The market capitalization of the company currently stands at $15.99B.

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There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $3.50 as their price target over the next twelve months.

With the price target of $3.50, Jefferies recently initiated with Buy rating for Banco Bradesco S.A. ADR (NYSE: BBD).

A total of 0.00% of the company’s stock is owned by insiders.

Monday morning saw Banco Bradesco S.A. ADR (NYSE: BBD) opened at $3.0500. During the past 12 months, Banco Bradesco S.A. ADR has had a low of $2.29 and a high of $3.62. The fifty day moving average price for BBD is $2.9086 and a two-hundred day moving average price translates $2.9751 for the stock.

The latest earnings results from Banco Bradesco S.A. ADR (NYSE: BBD) was released for Sep, 2023. According to the Banks – Regional Company, earnings per share came in at $0.09, inline with analysts’ expectations of $0.09. This compares to $0.13 EPS in the same period last year. The net profit margin was 5.01% and return on equity was 9.77% for BBD. For the current quarter, analysts expect BBD to generate $6.7B in revenue.

Banco Bradesco S.A. ADR(BBD) Company Profile

Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services. Banco Bradesco S.A. was founded in 1943 and is headquartered in Osasco, Brazil.

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