Banco Bradesco S.A. (BBD) Can’t Be More Risky. Just Reaches Yearly Low

June 17, 2018 - By Vivian Park

The stock of Banco Bradesco S.A. (NYSE:BBD) hit a new 52-week low and has $6.29 target or 8.00 % below today’s $6.84 share price. The 5 months bearish chart indicates high risk for the $42.26 billion company. The 1-year low was reported on Jun, 17 by Barchart.com. If the $6.29 price target is reached, the company will be worth $3.38B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 2.24% or $0.15 during the last trading session, reaching $6.84. About 18.79M shares traded or 71.54% up from the average. Banco Bradesco S.A. (NYSE:BBD) has risen 14.13% since June 17, 2017 and is uptrending. It has outperformed by 1.56% the S&P500.

Analysts await Banco Bradesco S.A. (NYSE:BBD) to report earnings on August, 3. They expect $0.21 EPS, down 4.55 % or $0.01 from last year’s $0.22 per share. BBD’s profit will be $1.30 billion for 8.14 P/E if the $0.21 EPS becomes a reality. After $0.23 actual EPS reported by Banco Bradesco S.A. for the previous quarter, Wall Street now forecasts -8.70 % negative EPS growth.

Banco Bradesco S.A. (NYSE:BBD) Ratings Coverage

Among 2 analysts covering Banco Bradesco SA (NYSE:BBD), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Banco Bradesco SA had 2 analyst reports since January 18, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, January 18 by Citigroup. The firm has “Buy” rating by J.P. Morgan given on Monday, January 22.

More news for Banco Bradesco S.A. (NYSE:BBD) were recently published by: Seekingalpha.com, which released: “Brazil banks tank as central bank intervention fails to prop up real” on June 07, 2018. 247Wallst.com‘s article titled: “Brazilian Banks, Gold Miners Populate Friday’s 52-Week Low Club” and published on June 15, 2018 is yet another important article.

Banco Bradesco S.A. provides banking and financial services and products to individuals, companies, and firms and institutions. The company has market cap of $42.26 billion. The firm operates in two divisions, Banking; and Insurance, Pension Plans and Capitalization Bond. It has a 11.57 P/E ratio. It accepts demand and time deposits, checking and savings accounts, interbank deposits from financial institutions, and accounts for salary purposes.

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