The shares of Banco Bradesco S.A. (NYSE:BBD) has been pegged with a rating of Overweight by JP Morgan in its latest research note that was published on January 22nd, 2018. JP Morgan wasn’t the only research firm that published a report of Banco Bradesco S.A., with other equities research analysts also giving their opinion on the stock. Goldman advised investors in its research note published on September 11th, 2017, to Buy the BBD stock. The stock had earned Buy rating from Citigroup when it published its report on November 30th, 2016. The stock was given Neutral rating by Goldman in its report released on September 21st, 2016. Barclays was of a view that BBD is Equal Weight in its latest report on April 27th, 2016. Citigroup thinks that BBD is worth Sell rating. This was contained in the firm’s report on April 8th, 2016.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 2 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $9.88. The price of the stock the last time has raised by 51.87% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 55.30.
The shares of the company added by 1.24% during the trading session on Thursday, reaching a low of $9.25 while ending the day at $9.80. During the trading session, a total of 12.96 million shares were traded which represents a 21.24% incline from the average session volume which is 16.45M shares. BBD had ended its last session trading at 9.68. Banco Bradesco S.A. currently has a market cap of $65.60B, while its P/E ratio stands at 14.00, while its P/E earnings growth sits at 4.42. BBD 52-week low price stands at $6.45 while its 52-week high price is $11.82.
The company in its last quarterly report recorded $0.22 earnings per share which is above the $0.19 predicted by most analysts. The Banco Bradesco S.A. generated $6,192.27 million in revenue during the last quarter, which is slightly lower than the $6,438.21 million predicted by analysts. In the second quarter last year, the firm recorded $0.21 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 4.55%. Banco Bradesco S.A. has the potential to record 0.70 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Canaccord Genuity published a research note on November 6th, 2018 where it informed investors and clients that Pandora Media, Inc. (NYSE:P) is now rated as Hold. Their price target on the stock stands at $9. Goldman also rated P as Upgrade on September 11th, 2017, with its price target of $459 suggesting that P could surge by 6.8% from its current share price. Even though the stock has been trading at $8.57/share, analysts expect it to surge higher by 2.33% to reach $9.41/share. It started the day trading at $8.77 and traded between $8.43 and $8.77 throughout the trading session.
A look at its technical shows that P’s 50-day SMA is 8.77 while its 200-day SMA stands at 7.47. The company’s average trading volume currently stands at 10.06M shares, which means that the short-interest ratio is just 2.87 days. Over the past seven days, the company moved, with its shift of 0.23%. Looking further, the stock has raised 1.74% over the past 90 days while it gained 15.09% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more P shares, increasing its portfolio by +7.90% during the last quarter. This move now sees The Vanguard Group Inc purchasing 1,666,161 shares in the last quarter, thus it now holds 22,748,405 shares of P, with a total valuation of $193,361,443. Fidelity meanwhile bought more P shares in the recently filed quarter, changing its stake to $143,654,072 worth of shares. BlackRock Fund Advisors followed the path by increasing its P portfolio by +2.60% in the quarter. This means that BlackRock Fund Advisors bought 406,370 shares in the last quarter and now controls 16,046,495 shares of the P stock, with the valuation hitting $136,395,208.
Similarly, Waddell Reed Investment Managem decreased its Pandora Media, Inc. shares by +0.00% during the recently filed quarter. After selling 476 shares in the last quarter, the firm now controls 12,937,549 shares of Pandora Media, Inc. which are valued at $109,969,167. In the same vein, First Trust Advisors LP increased its Pandora Media, Inc. shares by during the most recent reported quarter. The firm bought 145,119 shares during the quarter which increased its stakes to 11,839,118 shares and is now valued at $100,632,503. Following these latest developments, around 1.90% of Pandora Media, Inc. stocks are owned by institutional investors and hedge funds.