Notable Price Action: Does Banco Bradesco SA (ADR) Have More Gas After Making 52-Week High?

Notable Price Action: Does Banco Bradesco SA (ADR) Have More Gas After Making 52 Week High?

The stock of Banco Bradesco SA (ADR) (NYSE:BBD) hit a new 52-week high and has $12.08 target or 28.00% above today’s $9.44 share price. The 5 months bullish chart indicates low risk for the $51.44B company. The 1-year high was reported on Oct, 7 by If the $12.08 price target is reached, the company will be worth $14.40B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 5.11M shares traded hands. Banco Bradesco SA (ADR) (NYSE:BBD) has risen 44.52% since March 4, 2016 and is uptrending. It has outperformed by 36.48% the S&P500.

Analysts await Banco Bradesco SA (ADR) (NYSE:BBD) to report earnings on November, 3. They expect $0.22 EPS, down 4.35% or $0.01 from last year’s $0.23 per share. BBD’s profit will be $1.20B for 10.73 P/E if the $0.22 EPS becomes a reality. After $0.21 actual EPS reported by Banco Bradesco SA (ADR) for the previous quarter, Wall Street now forecasts 4.76% EPS growth.

Banco Bradesco SA (ADR) (NYSE:BBD) Ratings Coverage

Out of 6 analysts covering Banco Bradesco SA (NYSE:BBD), 2 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 33% are positive. $9 is the highest target while $1.82 is the lowest. The $5.41 average target is -42.69% below today’s ($9.44) stock price. Banco Bradesco SA has been the topic of 8 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Bank of America on Monday, March 14. The stock of Banco Bradesco SA (ADR) (NYSE:BBD) earned “Hold” rating by Deutsche Bank on Tuesday, March 22. The firm has “Buy” rating by Deutsche Bank given on Monday, October 12. The rating was maintained by Goldman Sachs on Wednesday, September 21 with “Neutral”. The stock has “Neutral” rating given by Goldman Sachs on Monday, May 2. As per Tuesday, March 15, the company rating was initiated by Scotia Capital. The stock of Banco Bradesco SA (ADR) (NYSE:BBD) earned “Sell” rating by Citigroup on Friday, April 8.

According to Zacks Investment Research, “Banco Bradesco’s main activities are the provision of banking and insurance services such as private and industrial credit loans, credit cards, mortgaged loans, 24 hour banking, health and life insurance, leasing, pension fund management and services for stock market investors.”

More news for Banco Bradesco SA (ADR) (NYSE:BBD) were recently published by:, which released: “Why Banco Bradesco SA (ADR) (BBD), Coca-Cola Enterprises Inc (CCE) and Great …” on May 31, 2016.‘s article titled: “Banco Bradesco S/A Pref ADR” and published on December 21, 2009 is yet another important article.

BBD Company Profile

Banco Bradesco S.A. (Bradesco), incorporated on January 5, 1943, is a commercial bank. The Firm offers a range of banking and financial services and products in Brazil and abroad to individuals, large, mid‑sized and small companies, and local and international firms and institutions. The Firm operates and manages its business through two divisions: the banking segment, and the insurance, pension plans and capitalization bond segment. In its banking segment, the Company offers a range of banking services and products to its clients, including deposit-taking, granting of loans and advance payments, debit and credit card services, and capital market solutions, through its distribution network. The Company’s services and products comprise banking operations, such as loans and advances and deposit‑taking, credit card issuance, purchasing consortiums, insurance, leasing, payment collection and processing, pension plans, asset management and brokerage services.

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