BB Seguridade Participacoes (OTCMKTS:BBSEY) Trading 6.3% Higher – Still a Buy?

Shares of BB Seguridade Participacoes SA (OTCMKTS:BBSEY) shot up 6.3% during mid-day trading on Thursday . The stock traded as high as $7.2250 and last traded at $7.12. 7,587 shares changed hands during trading, a decline of 92% from the average session volume of 96,755 shares. The stock had previously closed at $6.70.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of BB Seguridade Participacoes to a “neutral” rating in a research report on Friday, February 13th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, BB Seguridade Participacoes currently has an average rating of “Hold”.

BB Seguridade Participacoes Trading Up 9.0%

The stock’s 50 day moving average is $6.85 and its two-hundred day moving average is $6.43. The stock has a market capitalization of $14.60 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 2.72 and a beta of 0.34.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its quarterly earnings data on Monday, February 9th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. BB Seguridade Participacoes had a return on equity of 78.13% and a net margin of 87.29%.The company had revenue of $486.61 million during the quarter, compared to analysts’ expectations of $509.09 million. On average, research analysts anticipate that BB Seguridade Participacoes SA will post 0.71 earnings per share for the current 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).