Banco Bradesco SA (BBD) Given Average Rating of “Buy” by Brokerages

Shares of Banco Bradesco SA (NYSE:BBD) have been given a consensus rating of “Buy” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $12.40.

A number of research firms have weighed in on BBD. Goldman Sachs Group, Inc. (The) raised shares of Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 price objective for the company in a research report on Monday, September 11th. BidaskClub raised shares of Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th. Scotiabank raised shares of Banco Bradesco SA from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, June 28th. ValuEngine raised shares of Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research cut shares of Banco Bradesco SA from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd.

A number of large investors have recently bought and sold shares of BBD. BlackRock Inc. boosted its position in Banco Bradesco SA by 6,852.4% in the 1st quarter. BlackRock Inc. now owns 39,254,732 shares of the bank’s stock valued at $401,969,000 after buying an additional 38,690,111 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in Banco Bradesco SA by 20.1% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 180,676,024 shares of the bank’s stock valued at $1,535,746,000 after buying an additional 30,239,397 shares during the last quarter. Fisher Asset Management LLC purchased a new position in Banco Bradesco SA in the 2nd quarter valued at about $114,050,000. Franklin Resources Inc. boosted its position in Banco Bradesco SA by 35.8% in the 2nd quarter. Franklin Resources Inc. now owns 25,959,687 shares of the bank’s stock valued at $220,639,000 after buying an additional 6,842,060 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Banco Bradesco SA by 17.8% in the 2nd quarter. Vanguard Group Inc. now owns 38,651,585 shares of the bank’s stock valued at $328,538,000 after buying an additional 5,844,907 shares during the last quarter. 2.65% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://ledgergazette.com/2017/10/19/banco-bradesco-sa-bbd-given-average-rating-of-buy-by-brokerages.html.

Banco Bradesco SA (BBD) traded down 1.14% during mid-day trading on Thursday, reaching $11.25. The company’s stock had a trading volume of 2,315,399 shares. The stock has a market capitalization of $68.46 billion, a P/E ratio of 12.36 an

A number of research firms have weighed in on BBD. Goldman Sachs Group, Inc. (The) raised shares of Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 price objective for the company in a research report on Monday, September 11th. BidaskClub raised shares of Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th. Scotiabank raised shares of Banco Bradesco SA from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, June 28th. ValuEngine raised shares of Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research cut shares of Banco Bradesco SA from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd.

A number of large investors have recently bought and sold shares of BBD. BlackRock Inc. boosted its position in Banco Bradesco SA by 6,852.4% in the 1st quarter. BlackRock Inc. now owns 39,254,732 shares of the bank’s stock valued at $401,969,000 after buying an additional 38,690,111 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in Banco Bradesco SA by 20.1% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 180,676,024 shares of the bank’s stock valued at $1,535,746,000 after buying an additional 30,239,397 shares during the last quarter. Fisher Asset Management LLC purchased a new position in Banco Bradesco SA in the 2nd quarter valued at about $114,050,000. Franklin Resources Inc. boosted its position in Banco Bradesco SA by 35.8% in the 2nd quarter. Franklin Resources Inc. now owns 25,959,687 shares of the bank’s stock valued at $220,639,000 after buying an additional 6,842,060 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Banco Bradesco SA by 17.8% in the 2nd quarter. Vanguard Group Inc. now owns 38,651,585 shares of the bank’s stock valued at $328,538,000 after buying an additional 5,844,907 shares during the last quarter. 2.65% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://ledgergazette.com/2017/10/19/banco-bradesco-sa-bbd-given-average-rating-of-buy-by-brokerages.html.

Banco Bradesco SA (BBD) traded down 1.14% during mid-day trading on Thursday, reaching $11.25. The company’s stock had a trading volume of 2,315,399 shares. The stock has a market capitalization of $68.46 billion, a P/E ratio of 12.36 and a beta of 1.77. Banco Bradesco SA has a 1-year low of $7.15 and a 1-year high of $11.86. The stock’s 50 day moving average price is $11.29 and its 200 day moving average price is $9.74.

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 3rd will be given a $0.006 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.07 dividend on an annualized basis and a yield of 0.63%. Banco Bradesco SA’s payout ratio is currently 7.86%.

Banco Bradesco SA Company Profile

Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

Receive News & Ratings for Banco Bradesco SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Bradesco SA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply