Views of Wall Street’s Leading Experts on Banco Bradesco S.A.

Banco Bradesco S.A. (NYSE: BBD) stock fell -3.90% on Monday to $2.71 against a previous-day closing price of $2.82. With 58.07 million shares changed hands, the volume of the stock remained heavier than its average volume of 46.61 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $2.7900 whereas the lowest price it dropped to was $2.6900. The 52-week range on BBD shows that it touched its highest point at $4.12 and its lowest point at $2.40 during that stretch. It currently has a 1-year price target of $4.17. With its current market cap of 27.70 billion, BBD has annualized dividend of $0.09 while the current yield stands at 3.14%. Beta for the stock currently stands at 0.72.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BBD was down-trending over the past week, with a drop of -7.19%, but this was up by 0.45% over a month. Three-month performance dropped to -26.72% while six-month performance fell -7.28%. The stock lost -18.53% in the past year, while it has lost -1.99% so far this year. A look at the trailing 12-month EPS for BBD yields 0.85 with Next year EPS estimates of 0.47. For the next quarter, that number is 0.07. This implies an EPS growth rate of 46.60% for this year and 11.90% for next year. EPS is expected to grow by 1.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 5.30%.

Float and Shares Shorts:

At present, 5.32 billion BBD shares are outstanding with a float of 5.32 billion shares on hand for trading. On Oct 13, 2022, short shares totaled 30.53 million, which was 0.29% higher than short shares on Sep 14, 2022. In addition to Mr. Octavio de Lazari Jr., Junior as the firm’s CEO & Member of Exec. Board, Mr. Carlos Alberto Rodrigues Guilherme serves as its Vice Chairman & Sec.

Institutional Ownership:

Through their ownership of 18.29% of BBD’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.15% of BBD, in contrast to 7.39% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in BBD with 1.38% of the stake, Sprucegrove Investment Management holds 73,498,991 shares worth 73,498,991. A second-largest stockholder of BBD, Aberdeen Asset Managers Ltd., holds 68,013,537 shares, controlling over 1.27% of the firm’s shares. Baillie Gifford & Co. is the third largest shareholder in BBD, holding 57,084,234 shares or 1.07% stake. With a 0.80% stake in BBD, the Vanguard International Value Fund is the largest stakeholder. A total of 42,762,052 shares are owned by the mutual fund manager. The Templeton Emerging Markets Invest, which owns about 0.58% of BBD stock, is the second-largest Mutual Fund holder. It holds 31,147,982 shares valued at 89.71 million. Baillie Gifford Emerging Markets holds 0.39% of the stake in BBD, owning 20,510,963 shares worth 59.07 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BBD since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BBD analysts setting a high price target of $5.20 and a low target of $3.50, the average target price over the next 12 months is $4.35. Based on these targets, BBD could surge 91.88% to reach the target high and rise by 29.15% to reach the target low. Reaching the average price target will result in a growth of 60.52% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BBD will report FY 2022 earnings on 02/01/2024. Analysts have provided yearly estimates in a range of $0.51 being high and $0.41 being low. For BBD, this leads to a yearly average estimate of $0.44. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Banco Bradesco S.A. surprised analysts by -$0.03 when it reported $0.10 EPS against a consensus estimate of $0.12. The surprise factor in the prior quarter was $0.00. Based on analyst estimates, the high estimate for the next quarter is $0.13 and the low estimate is $0.06. The average estimate for the next quarter is thus $0.08.

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