BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down – Time to Sell?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) gapped down prior to trading on Monday. The stock had previously closed at $8.81, but opened at $6.45. BB Seguridade Participacoes shares last traded at $7.54, with a volume of 56,722 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BBSEY shares. Citigroup downgraded BB Seguridade Participacoes to a “sell” rating in a research note on Friday, September 11th. Zacks Research raised shares of BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

BB Seguridade Participacoes Stock Performance

The company has a market capitalization of $14.75 billion, a PE ratio of 8.44 and a beta of 0.39. The stock has a fifty day moving average of $7.90 and a 200 day moving average of $7.61.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04. The firm had revenue of $508.16 million for the quarter, compared to analysts’ expectations of $489.08 million. BB Seguridade Participacoes had a net margin of 87.94% and a return on equity of 79.22%. As a group, equities analysts predict that BB Seguridade Participacoes SA will post 0.87 EPS for the current year.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a Brazilian holding company controlled by Banco do Brasil that operates in the insurance, brokerage, private pension and related financial-protection sectors. Through its subsidiaries and strategic partnerships, the company offers products designed for individuals, businesses and rural customers.

Its activities include the distribution and intermediation of insurance products through BB Corretora, as well as participation in companies that provide life, property, rural and other insurance products.