BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down – Should You Sell?

Shares of BB Seguridade Participacoes SA (OTCMKTS:BBSEY) gapped down before the market opened on Wednesday . The stock had previously closed at $7.43, but opened at $6.96. BB Seguridade Participacoes shares last traded at $7.04, with a volume of 28,204 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BBSEY shares. Zacks Research raised shares of BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. The Goldman Sachs Group cut shares of BB Seguridade Participacoes to a “neutral” rating in a research report on Friday, February 13th. Finally, Itau BBA Securities cut shares of BB Seguridade Participacoes to an “underperform” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

BB Seguridade Participacoes Trading Down 6.5%

The firm’s fifty day moving average price is $6.94 and its 200 day moving average price is $6.80. The firm has a market capitalization of $13.49 billion, a PE ratio of 7.99 and a beta of 0.38.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. BB Seguridade Participacoes had a net margin of 87.73% and a return on equity of 83.33%. The business had revenue of $471.89 million for the quarter, compared to analysts’ expectations of $529.60 million. As a group, research analysts expect that BB Seguridade Participacoes SA will post 0.87 EPS 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).