Banco Do Brasil (OTCMKTS:BDORY) Shares Gap Up – Time to Buy?

Banco Do Brasil SA (OTCMKTS:BDORY) gapped up prior to trading on Monday . The stock had previously closed at $4.42, but opened at $4.72. Banco Do Brasil shares last traded at $4.5990, with a volume of 13,880 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Banco Do Brasil from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Banco Do Brasil Price Performance

The firm has a fifty day moving average of $4.74 and a two-hundred day moving average of $4.31. The stock has a market capitalization of $26.93 billion, a P/E ratio of 10.93, a P/E/G ratio of 0.31 and a beta of 0.39. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.90 and a quick ratio of 0.90.

Banco Do Brasil (OTCMKTS:BDORY) last issued its earnings results on Wednesday, February 11th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. The company had revenue of $8.61 billion for the quarter, compared to analysts’ expectations of $7.41 billion. Banco Do Brasil had a net margin of 3.76% and a return on equity of 11.06%. On average, analysts predict that Banco Do Brasil SA will post 1.08 EPS for the current year.

Banco Do Brasil Company Profile

Banco do Brasil SA is one of Brazil’s largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country’s financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank’s activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.