Banco Do Brasil (OTCMKTS:BDORY) Shares Gap Down - Should You Sell?

Key Points

• Banco do Brasil shares fell sharply, opening at $3.76 versus a prior close of $4.03 and later trading at $3.72, down 9.8%. The stock remains below its 50-day and 200-day moving averages of $3.98 and $4.43.
• Analyst sentiment has deteriorated, with Zacks Research and Goldman Sachs both downgrading the shares to “strong sell.” MarketBeat reports an overall average rating of “Sell,” based on one Hold and two Sell recommendations.
• The bank’s latest quarterly earnings missed expectations, reporting EPS of $0.11 versus a $0.13 consensus estimate, although revenue of $8.60 billion exceeded forecasts. Analysts expect full-year EPS of $0.64.

Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $4.03, but opened at $3.76. Banco Do Brasil shares last traded at $3.72, with a volume of 277,491 shares traded.

Analysts Set New Price Targets

BDORY has been the topic of several recent analyst reports. Zacks Research lowered Banco Do Brasil from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group cut shares of Banco Do Brasil from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Banco Do Brasil currently has an average rating of "Sell".

Banco Do Brasil Trading Down 9.8%

The stock has a 50-day moving average of $3.98 and a 200 day moving average of $4.43. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.56. The stock has a market cap of $20.84 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 0.37 and a beta of 0.41.

Banco Do Brasil (OTCMKTS:BDORY - Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). Banco Do Brasil had a net margin of 3.34% and a return on equity of 8.86%. The business had revenue of $8.60 billion during the quarter, compared to analysts' expectations of $7.84 billion. As a group, sell-side analysts anticipate that Banco Do Brasil SA will post 0.64 earnings per share 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.

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