Citigroup raised the price target for the Banco Bradesco S.A. (NYSE:BBD) stock from “a Neutral” to “a Buy”. The rating was released on October 27, 2020.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Banco Bradesco S.A. (NYSE:BBD) dipped -0.50% to close Friday’s market session at $4.00, lower as compared to yesterday’s close. The stock price fluctuated between $3.98 and $4.12 throughout the trading session with the volume trading being 41561826 shares, which represented a significant variation when compared to the three months average volume of 26.06 million shares. The firm’s stock price fluctuated -7.41% within the last five trades and -11.24% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 0.73% in the last 6 months and -24.76% was subtracted to its value over the previous 3 months. BBD stock is trading at a margin of -7.63%, -11.95% and -9.89% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, BBD deals in the Financial domain. The stock is trading -28.19 percent below its 52-week high and 37.00 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -3.21. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Banco Bradesco S.A.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $42.76 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Banco Bradesco S.A. (NYSE:BBD) is 10.36. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 6.90. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.47 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 0.27, which equates the market value of a stock with its book value.