BB Seguridade Participacoes (OTCMKTS:BBSEY) Trading Down 5% – Time to Sell?
by Jessica Moore · The Cerbat GemBB Seguridade Participacoes SA (OTCMKTS:BBSEY – Get Free Report) was down 5% during trading on Wednesday . The stock traded as low as $7.08 and last traded at $7.09. Approximately 39,293 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 125,053 shares. The stock had previously closed at $7.46.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on BBSEY shares. Zacks Research raised BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Itau BBA Securities downgraded BB Seguridade Participacoes to an “underperform” rating in a report on Wednesday, April 15th. Finally, The Goldman Sachs Group downgraded BB Seguridade Participacoes to a “neutral” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, BB Seguridade Participacoes has a consensus rating of “Hold”.
View Our Latest Analysis on BBSEY
BB Seguridade Participacoes Stock Performance
The company has a market cap of $13.65 billion, a price-to-earnings ratio of 8.47 and a beta of 0.39. The firm has a fifty day moving average price of $6.92 and a 200 day moving average price of $6.64.
BB Seguridade Participacoes (OTCMKTS:BBSEY – Get Free Report) last released its quarterly earnings data on Monday, February 9th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The company had revenue of $486.61 million during the quarter, compared to the consensus estimate of $509.09 million. BB Seguridade Participacoes had a return on equity of 80.16% and a net margin of 87.29%. On average, analysts expect that BB Seguridade Participacoes SA will post 0.86 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).