ValuEngine upgraded shares of Banco Bradesco (NYSE:BBD) from a hold rating to a buy rating in a report released on Monday.

A number of other equities analysts have also recently commented on BBD. Zacks Investment Research raised shares of Banco Bradesco from a hold rating to a buy rating and set a $8.00 price target for the company in a research note on Monday, October 1st. Morgan Stanley raised shares of Banco Bradesco from an underweight rating to an equal weight rating in a research note on Friday, November 9th. Finally, HSBC cut shares of Banco Bradesco from a hold rating to a reduce rating in a research note on Tuesday, December 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Banco Bradesco currently has an average rating of Buy and a consensus target price of $11.00.

Shares of NYSE:BBD opened at $9.54 on Monday. The company has a market cap of $65.26 billion, a P/E ratio of 10.72, a PEG ratio of 0.57 and a beta of 1.20. Banco Bradesco has a 12 month low of $6.49 and a 12 month high of $13.18. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.11 and a quick ratio of 1.13.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings data on Thursday, November 1st. The bank reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. Banco Bradesco had a net margin of 14.27% and a return on equity of 17.38%. The company had revenue of $8.44 billion during the quarter. As a group, equities research analysts anticipate that Banco Bradesco will post 0.84 earnings per share for the current year.

The business also recently declared a special dividend, which will be paid on Monday, February 11th. Shareholders of record on Friday, January 4th will be paid a $0.0049 dividend. The ex-dividend date is Thursday, January 3rd. This represents a yield of 23.87%. Banco Bradesco’s dividend payout ratio is presently 5.62%.

Hedge funds have recently added to or reduced their stakes in the business. Federated Investors Inc. PA bought a new stake in shares of Banco Bradesco in the 3rd quarter worth approximately $250,000. Nordea Investment Management AB bought a new stake in shares of Banco Bradesco in the 3rd quarter worth approximately $10,885,000. TIAA CREF Investment Management LLC bought a new stake in shares of Banco Bradesco in the 3rd quarter worth approximately $7,964,000. HRT Financial LLC lifted its holdings in shares of Banco Bradesco by 34.0% in the 3rd quarter. HRT Financial LLC now owns 25,959 shares of the bank’s stock worth $183,000 after acquiring an additional 6,586 shares during the last quarter. Finally, Henry James International Management Inc. bought a new stake in shares of Banco Bradesco in the 3rd quarter worth approximately $103,000. 3.25% of the stock is owned by institutional investors and hedge funds.

Banco Bradesco Company Profile

Banco Bradesco SA provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. The company accepts checking and savings accounts, time deposits, interbank deposits from financial institutions, and accounts for salary purposes.

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Analyst Recommendations for Banco Bradesco (NYSE:BBD)

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