Banco Bradesco SA (NYSE:BBD) Rating Increased to Buy at BidaskClub

Banco Bradesco SA (NYSE:BBD) Rating Increased to Buy at BidaskClub

Banco Bradesco a commercial bank. As of June 15th, there was short interest totalling 38,381,962 shares, a growth of 21.2% from the May 31st total of 31,678,206 shares.

Covering sell-side analysts have recently weighed in on shares of Banco Bradesco S.A. (NYSE:BBD). Finally, Scotiabank upgraded shares of Banco Bradesco SA from an "underperform" rating to a "sector perform" rating in a research report on Tuesday, April 11th.

In the last reported quarter, Banco Bradesco Sa reported its Actual EPS (earnings per share) of $0.24/share where most of the analysts working on this stock were estimating the EPS to be $0.22/share. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. At the time of writing, the First Call consensus price target for the company is $8.08.

Banco Bradesco SA (NYSE BBD) traded down 0.53% during trading on Friday, hitting $9.35. The stock has experienced bearish momentum as it's ATR or Average True Range has dipped consistently over the past 10 sessions. The company holds 6.09 billion outstanding shares and 4.28 billion shares are floating in market.

Banco Bradesco Sa (NYSE:BBD) now has a trailing P/E of 10.53 while its forward P/E according to Thomson Reuters is 9.54. The stock, after opening at $9.43, closed at $9.35 by scoring -0.64%.

Yet another important factor while evaluating a good buy/sell decision for Banco Bradesco S.A. (BBD) is its Earnings per Share or EPS.

These analysts also forecasted Growth Estimates for the Current Quarter for BBD to be 10%. The company had revenue of $13.25 billion for the quarter.

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Currently Banco Bradesco Sa (NYSE:BBD)'s shares owned by insiders are 0%, whereas shares owned by institutional owners are 0%. On average, analysts predict that Banco Bradesco SA will post $0.93 EPS for the current year.

The business also recently disclosed a special dividend, which will be paid on Friday, September 8th. This represents a yield of 7.47%. The ex-dividend date will be Monday July 3rd, 2017.

Another critical number in evaluating a stock is P/E or Price to Earnings ratio.

In recent trade; BancoBradesco S.A. (BBD) snatched the consideration from Investors, when its current damaging picture was seen that is promoting bad performance. Banco Bradesco SA's payout ratio is 76.87%. The stock uncovered monthly dynamic performance with growing progress of 14.04%. On October 12, 2015 the stock rating was set at "Buy" in a report from Deutsche Bank which was a boost from the previous "Hold" rating.

The Average Volume for 10 days is 10.02 Million for Banco Bradesco Sa (NYSE:BBD). US Bancorp DE now owns 10,993 shares of the bank's stock valued at $113,000 after buying an additional 468 shares during the last quarter. Below is a list of Banco Bradesco SA (ADR) (NYSE:BBD) latest ratings and price target changes. Fiera Capital Corp bought a new stake in shares of Banco Bradesco SA during the fourth quarter worth $101,000.

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