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

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) shares gapped down before the market opened on Thursday . The stock had previously closed at $7.46, but opened at $7.02. BB Seguridade Participacoes shares last traded at $7.02, with a volume of 1,880 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BBSEY shares. The Goldman Sachs Group cut shares of BB Seguridade Participacoes to a “neutral” rating in a research report on Friday, February 13th. Zacks Research raised shares of BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Finally, Itau BBA Securities cut shares of BB Seguridade Participacoes to an “underperform” rating in a report on Wednesday, April 15th. One investment 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

BB Seguridade Participacoes Price Performance

The stock has a market cap of $13.65 billion, a P/E ratio of 8.47 and a beta of 0.39. The business’s fifty day moving average price is $6.91 and its 200 day moving average price is $6.65.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its earnings results on Monday, February 9th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $486.61 million during the quarter, compared to analysts’ expectations of $509.09 million. BB Seguridade Participacoes had a net margin of 87.29% and a return on equity of 80.16%. On average, analysts predict that BB Seguridade Participacoes SA will post 0.86 earnings per share 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).