BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down – What’s Next?

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 trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Itau BBA Securities lowered BB Seguridade Participacoes to an “underperform” rating in a research report on Wednesday, April 15th. Zacks Research raised BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Finally, The Goldman Sachs Group lowered BB Seguridade Participacoes to a “neutral” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

BB Seguridade Participacoes Stock Down 0.4%

The firm’s 50 day simple moving average is $6.95 and its 200-day simple moving average is $6.81. The company has a market capitalization of $13.50 billion, a PE ratio of 7.99 and a beta of 0.38.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its earnings results on Monday, May 4th. The company reported $0.21 earnings per share 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 analyst estimates of $529.60 million. As a group, sell-side analysts anticipate that BB Seguridade Participacoes SA will post 0.87 EPS for the current fiscal 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).