BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down – What’s Next?
by Kim Johansen · The Markets DailyBB Seguridade Participacoes SA (OTCMKTS:BBSEY – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $7.29, but opened at $6.95. BB Seguridade Participacoes shares last traded at $6.94, with a volume of 4,960 shares.
Analysts Set New Price Targets
BBSEY has been the subject of several recent research reports. The Goldman Sachs Group lowered shares of BB Seguridade Participacoes to a “neutral” rating in a research report on Friday, February 13th. Itau BBA Securities lowered shares of BB Seguridade Participacoes to an “underperform” rating in a report on Wednesday, April 15th. Finally, Zacks Research raised shares of BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BB Seguridade Participacoes has an average rating of “Hold”.
Read Our Latest Research Report on BBSEY
BB Seguridade Participacoes Price Performance
The company has a market capitalization of $13.59 billion, a price-to-earnings ratio of 8.05 and a beta of 0.37. The stock has a 50 day moving average price of $7.02 and a two-hundred day moving average price of $6.85.
BB Seguridade Participacoes (OTCMKTS:BBSEY – Get Free Report) last announced its earnings results on Monday, May 4th. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. BB Seguridade Participacoes had a return on equity of 79.64% and a net margin of 87.73%.The company had revenue of $471.89 million during the quarter, compared to analyst estimates of $529.60 million. Sell-side analysts forecast that BB Seguridade Participacoes SA will post 0.87 EPS for the current fiscal year.
About BB Seguridade Participacoes
BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.
The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).