BB Seguridade Participacoes (OTCMKTS:BBSEY) Trading 6.3% Higher – Should You Buy?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY)’s stock price shot up 6.3% 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.

Analyst Upgrades and Downgrades

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

BB Seguridade Participacoes Price Performance

The company has a market cap of $13.48 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 2.71 and a beta of 0.34. The stock has a 50-day moving average price of $6.87 and a 200 day moving average price of $6.44.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last announced its earnings results on Monday, February 9th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. The firm had revenue of $486.61 million for the quarter, compared to the consensus estimate of $509.09 million. BB Seguridade Participacoes had a net margin of 87.29% and a return on equity of 78.13%. Sell-side analysts expect that BB Seguridade Participacoes SA will post 0.71 EPS for the current fiscal year.

BB Seguridade Participacoes Company Profile

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).