BB Seguridade Participacoes (OTCMKTS:BBSEY) Trading Down 5% - Time to Sell?

Key Points

• Shares fell about 5% intraday to $7.09 on Wednesday, with trading volume down roughly 69% versus the average (39,293 vs. 125,053 shares).
• Analyst sentiment is mixed: Goldman Sachs and Itau BBA recently downgraded the stock while Zacks upgraded to a strong-buy, leaving a MarketBeat average rating of Hold.
• Fundamentals show strong profitability and value — market cap $13.65B, P/E 8.47, net margin 87.29% and ROE 80.16% — and the company beat EPS estimates ($0.22 vs. $0.21) but missed revenue expectations.

BB Seguridade Participacoes SA (OTCMKTS:BBSEY - Get Free Report) shares traded down 5% during mid-day trading on Wednesday . The stock traded as low as $7.08 and last traded at $7.09. 39,293 shares were traded during mid-day trading, a decline of 69% from the average session volume of 125,053 shares. The stock had previously closed at $7.46.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. The Goldman Sachs Group downgraded BB Seguridade Participacoes to a "neutral" rating in a report on Friday, February 13th. Itau BBA Securities downgraded BB Seguridade Participacoes to an "underperform" rating in a report on Wednesday, April 15th. Finally, Zacks Research raised shares of BB Seguridade Participacoes from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold".

BB Seguridade Participacoes Trading Down 5.8%

The company has a market capitalization of $13.65 billion, a P/E ratio of 8.47 and a beta of 0.39. The firm's 50 day moving average price is $6.92 and its two-hundred day moving average price is $6.64.

BB Seguridade Participacoes (OTCMKTS:BBSEY - Get Free Report) last issued its quarterly earnings results on Monday, February 9th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. The company 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%. Analysts anticipate that BB Seguridade Participacoes SA will post 0.86 earnings per share 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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.