BB Seguridade Participacoes SA (OTCMKTS:BBSEY – Get Free Report) saw unusually-high trading volume on Friday. 183,282 shares changed hands during mid-day trading, an increase of 34% from the previous session’s volume of 137,007 shares. The stock last traded at $8.27 and had previously closed at $8.20.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on BBSEY. Citigroup cut BB Seguridade Participacoes to a “sell” rating in a research report on Friday, September 11th. Zacks Research upgraded BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, BB Seguridade Participacoes presently has a consensus rating of “Reduce”.
Check Out Our Latest Analysis on BB Seguridade Participacoes
BB Seguridade Participacoes Stock Performance
The stock has a market cap of $16.06 billion, a price-to-earnings ratio of 9.19 and a beta of 0.39. The company’s 50 day simple moving average is $7.83 and its 200 day simple moving average is $7.55.
BB Seguridade Participacoes (OTCMKTS:BBSEY – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.04. The business had revenue of $508.16 million during the quarter, compared to analyst estimates of $489.08 million. BB Seguridade Participacoes had a return on equity of 79.22% and a net margin of 87.94%. Sell-side analysts predict that BB Seguridade Participacoes SA will post 0.87 EPS for the current year.
About BB Seguridade Participacoes
BB Seguridade Participações SA is a Brazilian holding company focused on insurance, brokerage, and related financial-protection businesses. The company operates through subsidiaries and investee companies that offer products designed to protect individuals, families, farmers, and businesses against a range of risks.
Its activities include the distribution and brokerage of insurance products, including life, property, rural, auto, and other coverage, as well as private pension and capitalization products.
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